Walor expands the production of parts for electric vehicles

This week, Walor inaugurated its second plant expansion in the Guanajuato Industrial Center, located in the Irapuato industrial submarket. The Tier 2 automotive mechanical parts company invested nine million dollars in this project and expects to increase its labor base by almost 60% over the next two years. According to SiiLA Market Analytics, Walor's industrial warehouse is a Class B property with a gross leasable area (GLA) of over 2.4 thousand square meters at the end of 2022.

With the new expansion, the production area has added 2.5 thousand square meters and a roofed parking lot of over 1.3 thousand square meters, which has solar panels. The solar panels will enable an annual reduction of 4.2 thousand tons of CO2 emissions.

Built-in 2014, Walor's factory in Irapuato has a production capacity of 50 million mechanical parts per year, which are sent to automotive assemblers in the United States. According to the company, the plant has multiplied its production capacity ten times and its sales level 20 times from its beginnings to date.

Walor estimates that the expansion of its industrial plant in the Guanajuato Industrial Center could generate sales of over 25 million euros per year or the equivalent of 10% of the company's global profits. This is partly because, in addition to the mechanical parts already produced, the plant will focus on the production of components for new generation hybrid and electric vehicles.

According to executives of the French company, only 15% of its turnover is directly related to internal combustion engines. During the inauguration of the plant expansion last Tuesday, Walor said it is increasingly focused on manufacturing magnet housing, new generation suspension components, and airbags or seat belt pre-tensioners, as well as sprockets for automatic transmissions and hybrid vehicles. Walor currently has 11 plants worldwide, including one in Mexico. Its main customers are ZF Group, Autoliv, and Nippon Kayaku.

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