The tier 2 supplier company of the automotive sector, Dayco, announced that it will build its second plant in the state of San Luis Potosí with an investment of 11.5 million dollars in the Parque Tres Naciones in the capital of Potosí.

Dayco will build its new high-tech light vehicle belt production plant and construction is expected to be completed in 2023 to be operational in early 2024.

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Commenting on the project, John Kinnick, president of Dayco's Global Belt Division said, "This is a strategic investment that allows us to expand Dayco's presence in North America and subsequently the company's global presence."

The new belt production plant joins the market for aftermarket and new models of light vehicles for North America, where its objective is channeled. In its first phase it will represent 100 new direct jobs.

"For San Luis Potosí and especially for its Government, the fact that the companies established with us decide to invest again means confidence, because it is employment, consumption and social stability," said the head of Sedeco SLP, after reiterating that the entity is a site that arouses the interest of investors around the world, which speaks of its competitive advantages, and its quality of labor.

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With production from the new plant, Dayco will also increase its influence in Latin America. Dayco's operations have grown in this region in recent years and the outlook is good.

“The new band factory in Mexico will be an option to have products quickly and at a good cost. We reaffirm our commitment to invest in operations in Mexico, the importance of associating with our local clients and that they can count on Dayco and our entire team to offer the best solutions for their business,” said Marcelo Sánchez, director of Latam aftermarket at Dayco.

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