Nemak
{{Infobox company
| name = Nemak, S.A.B. de C.V.
| logo = Nemak Word Mark Symbol.png
| type = Public
| traded_as = {{BMV|NEMAK A|6190}}
| foundation = {{sda|1879}}
| founder =
| key_people = Armando Garza (chairman)
Armando Tamez (CEO)
| location_city = Monterrey, Nuevo León
| location_country = Mexico
| parent = Alfa
| area_served = Worldwide
| industry = Auto Parts Manufacturing
| products = engine blocks, cylinder heads, transmission components, EV battery and motor housings
| revenue = {{increase}} US$ 4.6 billion (2014)
| net_income = {{increase}} US$ 405 million (2014)
| assets = {{increase}} US$ 4.0 million (2014)
| num_employees = 20,000
| homepage = {{URL|www.nemak.com}}
}}
Nemak, S.A.B. de C.V., known as Nemak, is a global automotive parts manufacturing company headquartered in García, Nuevo León, a municipality next to the City of Monterrey, Nuevo León, México. The company manufactures a wide range of automotive parts and systems with primary focus on aluminum auto parts, mainly engine blocks, cylinder heads, and transmission components. It is a Tier 1 supplier to major OEMs and is among the 60 largest auto industry suppliers worldwide.[http://www.autonews.com/assets/PDF/CA89220617.PDF Top 100 Global OEM auto parts suppliers. AutoNews]
In 2012, the company acquired Wisconsin-based J.L. French Automotive Castings for $215 million.{{cite news |title=J.L. French acquired for $215 million |url=https://www.bizjournals.com/milwaukee/news/2012/06/29/jl-french-acquired-for-215-million.html |access-date=20 April 2022 |publisher=Milwaukee Business Journal |date=June 29, 2012}}{{cite news |title=Sheboygan's J.L. French to be sold to Mexican company |url=https://archive.jsonline.com/business/sheboygans-jl-french-agrees-to-be-sold-to-mexican-company-1m4vo55-147188445.html/ |access-date=20 April 2022 |publisher=Milwaukee Journal Sentinel |date=April 12, 2012}}
Nemak reported sales of $4.3 billion for 2016[http://www.alfa.com.mx/down/reportes/Alfa14IVi.pdf Alfa 4Q14 Report] and has more than 36 manufacturing plants that employ more than 21,000 people in 16 countries.[http://www.nemak.com/media/27509/reporte-anual-2014-final.pdf Nemak 2014 Annual Report] It has more than 110 patents and conducts R&D in 5 centers. More than 90% of the sales volume was supplied to the 8 largest automotive manufacturers: Ford, General Motors, Fiat-Chrysler, Volkswagen Group, Hyundai-Kia, BMW, Renault-Nissan and Daimler-Benz.[http://www.nemak.com/media/27509/reporte-anual-2014-final.pdf Nemak 2014 Annual Report] Its installed capacity is mainly in North America, where the company has 10 plants in Mexico, 6 in the United States, and 1 in Canada. The remaining plants are located in Europe, in Austria, Czech Republic, Germany, Hungary, Russia, Slovakia, Spain, and Poland; in South America, in Argentina and Brazil; and in Asia, in China and India.
Nemak is a subsidiary of the Mexican industrial conglomerate Alfa, which holds 75.24% of Nemak shares, while Ford Motor Co. holds 5.45% of the shares and the remaining 19.31% are public shares offered in the BMV.[http://investors.nemak.com/phoenix.zhtml?c=253659&p=irol-ShareholderStructure Nemak Shareholder Structure]
In early 2015, Nemak´s parent company, Alfa, announced it may hold an initial public offering to list Nemak in the Mexican Stock Exchange as soon as June, as a strong U.S. dollar boosts the value of the division’s assets.[https://www.bloomberg.com/news/articles/2015-04-17/mexico-s-alfa-sees-nemak-ipo-as-early-as-june-on-strong-dollar Mexico’s Alfa Sees Nemak IPO as Soon as June on Dollar Gain. Bloomberg]
In 2021, Nemak was awarded a contract with Tesla and expanded its manufacturing facilities in Sheboygan, Wisconsin.{{cite news |title=Nemak lands Tesla contract, 53 new jobs created |url=https://wkts.org/2021/09/20/nemak-lands-tesla-contract-53-new-jobs-created/ |access-date=20 April 2022 |publisher=WKTS |date=September 20, 2021}}{{cite news |title=Nemak updating Gateway Drive warehouse for new contract |url=https://www.sheboygansun.com/business/nemak-updating-gateway-drive-warehouse-for-new-contract/article_2f2b470e-fa27-11eb-a615-cf2a920ccfcc.html |access-date=20 April 2022 |publisher=The Sheboygan Sun |date=August 10, 2021}} The company had previously turned down a request from Tesla in 2018.{{cite news |title=Elon Musk's Lofty Tesla Goals Made This Supplier Recoil at Risk |url=https://www.bloomberg.com/news/articles/2018-09-06/elon-musk-s-lofty-tesla-goals-made-this-supplier-recoil-at-risk |access-date=20 April 2022 |publisher=Bloomberg |date=September 6, 2018}}