Management & Operations

Ficosa wins 4 contracts to provide 8.9M rearview mirrors

Posted on June 16, 2016

Ficosa, a global provider devoted to the research, development, manufacturing and marketing of high-technology vision, safety, connectivity and efficiency systems for the automotive and mobility sectors, has been awarded four contracts from two American OEMs to produce 8.9 million units of rearview mirrors over a period of five years in North America.

The total amount of these orders is $510 million dollars and means a record number of contracts closed with OEMs in a single year in the North American region.

Three orders will be produced in the new facility in Cookeville, Tenn., which will be the group’s most advanced worldwide. These will be the first new projects to go to the new factory, which will kick off its activity in October 2016.

In total, these new contracts will account for 1.7 million rearview mirrors, annually, for a period of five years. The value of this Cookeville production will represent an economic value of $460 million dollars and will begin in the first quarter of 2018.

The Cookeville plant, which is expected to be fully operational later this year, will be a leader in painting and injection processes thanks to the latest technology production equipment.

Furthermore, Ficosa North America is currently recruiting 240 new workers for positions including project managers, technicians, engineers, operators and human resources specialists

For its part, the Mexican facility of Salinas Victoria (Nuevo León) will produce a fourth order consisting of 80,000 rearview mirrors per year for a period of five years. This contract comes from an American OEM in the premium segment and is valued at a total of $50 million dollars. Production will start in the last quarter of 2018.

View comments or post a comment on this story. (0 Comments)

More News

Fake MTA account suspended by Twitter after tweet goes viral

The tweet, which announced delays on the “1,2,3,4,5,6,7,A,C,E,B,D,F,M,J,Z,N,Q,R,W, and G” trains, earned at least 3,000 retweets.

NJ TRANSIT launches customer-focused communications initiative

The effort focuses on addressing customer needs, providing more timely information, and improving all customer touchpoints.

Tolar begins 4th phase of Kauai passenger shelter project

The designs embrace the aloha island spirit by integrating sugar cane patterns and a tropical forest-green paint scheme.

Freedman's 10-month road show logs 45,000 miles

Combining product and safety education with promotional opportunities, the “Show On The GO" was Freedman’s third tour in three years.

VTA Fills Vacant Positions by 'Growing Their Own'

Six new Overhead Line workers just graduated from a two-year apprenticeship program with flying colors.  

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation