Navistar to add $30 million to its investment in Mexican truck plant
CHICAGO (March 25) — Navistar International Corp. will invest an additional $30 million this year in its Mexican truck plant to boost production, the El Economista newspaper reported.
The paper quoted Jose Manuel Canal, chairman of Navistar’s Mexican unit, said the company plans to export 4500 trucks to the U.S., Central and South America from the $167 million plant at Escobedo, Nuevo Leon, this year. The plant has been largely underutilized at a time when the truckmaker is working hard to add capacity and fill orders.
Navistar produced nearly 127,000 premium conventional trucks at its plant in Chatham, Ont., last year.
Navistar, the world’s fourth-largest producer of commercial trucks, opened its Nuevo Leon plant in April last year.
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