Atotech successfully starts production and officially inaugurates the new site in Querétaro/Mexico

Rhea-AI Summary

Atotech (NYSE: ATC) inaugurated a new production facility in Querétaro, Mexico, on July 14, 2022, enhancing its production capacity to 33 tons/day. This site will support growth in the automotive, construction, and heavy machinery industries, responding to rising customer demand. The strategic location near major industrial clusters ensures efficient logistics and service. Atotech emphasizes its commitment to employee safety and comfort with modern facilities. The company aims for sustainable growth in the Americas, leveraging innovative technologies for diverse applications.

Positive

• Inauguration of a new production site in Querétaro, Mexico, increasing capacity to 33 tons/day.
• Strategic location enhances logistics efficiency for automotive and industrial sectors.
• Commitment to employee well-being with modern facilities and a state-of-the-art laboratory.

Negative

• None.

• New site allows Atotech to significantly expand its production capacity in Mexico and the Americas
  
• Special guests included Mauricio Kuri, Governor of Querétaro state, and Marco Antonio Del Prete III, Secretary of Industrial Development from the Estate Government of Querétaro. 

BERLIN and QUERÉTARO, Mexico, July 14, 2022 (GLOBE NEWSWIRE) -- Today, Atotech (NYSE: ATC), a leading specialty chemicals technology company and a market leader in advanced electroplating solutions, celebrated the inauguration of its new production site in Querétaro, Mexico. The site is located at Parque Industrial Aeropuerto (PIA) Colón and has a capacity to produce 33 tons/day. In Querétaro, Atotech produces products for general metal finishing, which are used in various industries, including automotive, construction, heavy machinery, and white goods. The company produced its first batch of chemistry at the new site in May.

Geoff Wild, CEO at Atotech, said: “I am pleased to announce the official opening of our new site in Mexico as it marks an important milestone for our company. The Querétaro site will allow Atotech to significantly expand its production capacity and sustainable growth in Mexico as well as the Americas. It also supports the expected rise in customer demand in the coming years. I’d like to thank everyone involved for their support, dedication, and teamwork to get our new site operational.”

The new facility will ensure more efficient transportation of goods and delivery due to its strategic location near the automotive and industrial clusters at the Bajío Area (Querétaro, San Luis Potosí and Guanajuato).

Ramón Bertrán, Managing Director of Atotech Mexico, added: “Our new site brings many advantages. The location will enable us to accelerate the growth in Mexico as we are located in direct proximity to existing and potential customers. The new facility also includes a state-of-the-art laboratory with high-end technology, processes, and qualified personnel to run analyses to better serve our customers. Furthermore, we are very pleased that our 76 employees are enjoying working at this facility, which was completed with their safety, comfort, and well-being in mind.”

The Atotech team celebrated the opening with guests from customers and authorities in a safe manner by taking all necessary steps to follow COVID-19 precautionary measures for the event. Special guests included Mauricio Kuri, Governor of Querétaro state, and Marco Antonio Del Prete III, local secretary of industrial development from the estate government of Querétaro.  Members of the Atotech management team, including Peter Frauenknecht, CFO, Gertjan van der Wal, President of the company’s GMF business, and John Kochilla, Vice President of the Americas, attended the event, introduced the new facility, and welcomed everyone at customer workshops that were offered for the occasion of the inauguration.

About Atotech

Atotech is a leading specialty chemicals technology company and a market leader in advanced electroplating solutions. Atotech delivers chemistry, equipment, software, and services for innovative technology applications through an integrated systems-and-solutions approach. Atotech solutions are used in a wide variety of end-markets, including smartphones and other consumer electronics, communications infrastructure, and computing, as well as in numerous industrial and consumer applications such as automotive, heavy machinery, and household appliances.

Atotech, headquartered in Berlin, Germany, has over 4,000 employees in more than 40 countries, with manufacturing operations across Europe, the Americas, and Asia. In 2021, the company generated revenues of $1.5 billion. With its well-established innovative strength and industry leading global TechCenter network, Atotech delivers pioneering solutions combined with unparalleled on-site support for over 8,000 customers worldwide. For more information about Atotech, please visit us at atotech.com.

Contact:

Susanne Richter
+49 30 349 85 418
press@atotech.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc40dfb7-886d-423f-b516-ca861c45501e

 

FAQ

What is the significance of Atotech's new facility in Querétaro, Mexico?

Atotech's new facility enhances production capacity to 33 tons/day, supporting growth in key industries and improving logistics.

When did Atotech inaugurate its new production site?

Atotech inaugurated its new production site in Querétaro, Mexico, on July 14, 2022.

What industries will benefit from Atotech's new production capacity?

The automotive, construction, and heavy machinery industries will benefit from Atotech's new production capacity.

What is the impact of the new facility on Atotech's operations in the Americas?

The new facility supports sustainable growth and increased customer demand across the Americas.

What technologies will Atotech utilize at the new Querétaro site?

Atotech's Querétaro site will utilize advanced electroplating solutions and high-end laboratory technology.