IDI Composites International has entered into a joint venture agreement with SMC Composites in Mexico City, Mexico. The newly named company, IDI Composites International Mexico, will focus on expanding IDI’s worldwide footprint and increase the number of IDI’s global manufacturing facilities. The company says that demand for IDI’s proven line of Sheet Molding Compounds (SMC) and Bulk Molding Compounds (BMC) is at an all-time high. IDI also recently completed a multi-million dollar expansion and upgrade of its Noblesville (USA) manufacturing facility and corporate headquarters.
‘The timing of this deal makes sense for us as global demand for our products continues to grow and we see this continuing for the foreseeable future.’ said Tom Flood, IDI Composites International’s vice president and general manager, North America. ‘In addition, we continue to research and develop new materials that keep our product lines and the industries we serve expanding.’
‘SMC Composites is very pleased to form a joint venture with IDI Composites International, a leader in SMC and BMC manufacturing worldwide,’ added Jose Octavio Lopez Presa and Pablo Zahoul, respectively SMC Composites’ president and VP for technology development.