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Metalor to build a new electrical contact production plant in Mexico

Neuchâtel (Switzerland) – 19 March 2014

Metalor, the world’s leading electrical contact manufacturing company, based in Neuchâtel (Switzerland), has announced plans to build a new electrical contact production plant in San Luis Potosí, Mexico, to increase its current capacity. The plant is scheduled to begin operation in the second half of 2014.

This new plant will enable Metalor to offer considerable value to its clients and meet the growing needs of electrical component manufacturers in the North America region, thanks to its state-of-the-art equipment, which will deliver products of the highest quality.

“We are delighted at this announcement. The construction of a new plant for Metalor’s electrical engineering business unit in Mexico comes at a time when demand for our products is increasing, so this fits perfectly with our development strategy in the North America region”, says Hubert Angleys, Chief Executive Officer of the Metalor Group.

The new plant will use the latest electroplating technologies and new metal soldering equipment which comply fully with the strictest environmental and safety standards.

The partnership agreement between Metalor and the government of San Luis Potosí was signed at a meeting between Ing. Fernando Macías, the State Secretary for Economic Development, and executives of the Swiss-based Group. This agreement will support the establishment of the new plant in San Luis Potosí, helping to boost employment in the region.

“We are very pleased at Metalor’s decision to establish an electrical contact plant in San Luis Potosí”, says Fernando Macías. “This investment bears witness to San Luis Potosí state’s competitiveness in terms of labor force and cost and will complement our existing metal engineering activities”.

Metalor’s business unit Electrotechnics, world leader in contact manufacture, has plants in Switzerland, the US, France, China and Mexico.

About Metalor

Metalor is a leading responsible player in the precious metals trade.

Through its three business units (Refining, Advanced Coatings and Electrotechnics) Metalor serves customers on all continents in a variety of industry sectors, from Swiss watch manufacturers to Mexican electrical equipment suppliers.

The Group’s core competencies are chemistry, metallurgy and the management and transformation of precious metals.

Since its creation in 1852, Metalor’s corporate culture has been founded upon honesty and integrity at all levels of the company.

Metalor’s primary objective is to create exceptional value for its customers, stakeholders and shareholders, within a culture of performance, innovation, trust, respect and ethics.

With subsidiaries all over the world, and more than 1700 employees, the Metalor Group is present in Europe, the United-States, South-America and Asia.

In 2013, Metalor’s net sales amounted to CHF 337 million.

For more information about Metalor, you can visit our website at: www.metalor.com

You can also contact the Metalor Communications Department at pr@metalor.com

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