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SRG Global™ Breaks Ground on Mexican Production Facility

SRG Global™ Breaks Ground on Mexican Production Facility

Newest facility to serve customers in Mexico, North American market

Warren, Mich., February 21, 2011

SRG Global Inc. (www.srgglobal.com), one of the world’s leading providers of advanced, high value coatings on plastics for the automotive industry and other non-automotive applications, announced today that it has broken ground on its newest facility in Irapuato, Mexico (East of Guadalajara, Northwest of Mexico City, in the State of Guanjuato). Completion is expected in the first quarter of 2012, according to Kevin Baird, SRG Global™ President and CEO, who made the announcement.

The facility will have complete part production capability, including plastic injection molding, top coat, chrome-plating and assembly. The initial phase of the project, estimated at $25 million to $35 million, has been approved based on fulfillment of all incentives and agreements with local authorities. The facility will serve a variety of OEM automotive and non-automotive customers.


Kevin Baird, President and CEO of SRG Global (left), and Juan Manuel Oliva, Governor of Guanajuato.

 

The Irapuato location will expand SRG Global’s capability to serve its North American customer base, with a focus on customers with operations in Mexico, according to Baird. SRG Global™ already operates seven facilities in the United States.

“SRG Global has a goal of balanced, global growth,” said Baird, “our new facility will allow us to accommodate demand from our customers in Mexico and throughout North America as the economic turnaround gains momentum.”

SRG Global chose Irapuato for its proactive business climate, its centralized location, and its proximity to SRG Global’s customer base in Mexico. Another important factor is the skilled workforce available in Irapuato. SRG Global expects that the plant will employ 220 direct employees, with the potential of an additional 220 indirect employees.

Construction of the Mexico facility is part of SRG Global’s overall business strategy, designed to provide technological advances and ensure consistent quality in every region served, while maintaining local and regional production capabilities. The facility is one of a number of operations that have recently come on line, including SRG Global's Advanced Development Center in Taylor, Mich., opened in 2010, and a production facility in Boleslawiec, Poland, opened in 2009.

About SRG Global™

SRG Global™, a Guardian company, is one of the world’s leading manufacturers of high value coatings on plastic for the automotive, commercial truck and consumer goods industries with a manufacturing presence in major world regions including North America, Western and Central Europe and Asia. SRG Global is headquartered near Detroit, Michigan. Through its Advanced Development Centers in Taylor MI, USA; Liria, Spain; and Suzhou, China, SRG Global works to enhance manufacturing processes and accelerates development and delivery of the next generation of materials, coating technologies and sub-systems. SRG Global engineers solutions globally for greater surface durability, structural integrity, enhanced functionality, vehicle efficiency and optimal design flexibility. The result is the development of innovative exterior and interior products and processes that create value for our customers and consumers, and create a positive impact in our environment and society. Beyond the finish™.

For more information about SRG Global, visit: www.srgglobal.com.

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