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Sumitomo establishes Mexico subsidiary

Sumitomo Electric Industries, Ltd., has established Judd Wire Mexico, S.A. de C.V. (JMEX), a subsidiary focused on the manufacturing of tab leads for automotive lithium-ion batteries, as well as high-functionality and high heat-resistant electric wires.

A press release said that an investment project announcement ceremony was held last September by the Economic Development Bureau of the state government of Aguascalientes, Mexico, at the building of the state government, where Sumitomo Electric announced the establishment of JMEX and its business plans. At the ceremony, the governor of the state, María Teresa Jiménez Esquivel, said “I am very pleased that 300 jobs will be created. Our state was selected for its good public safety, and we will continue to make further improvements in the future.”

The establishment of JMEX, which is scheduled to be operational in 2025, is attributed to “the significant demand for high-functionality electric wires and wiring materials expected in North America due to the advancement of CASE (Connected, Autonomous, Shared, and Electric) in the automotive and mobility fields. We aim to contribute to the advancement of CASE and increase our presence in the North American market.”

Read 415 times Last modified on March 7, 2024

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