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DESC S.A Will Expand Capacity At Their Cast Aluminum Wheel Plant in Chihuahua

30 November 1999

DESC S.A Will Expand Capacity At Their Cast Aluminum Wheel Plant in Chihuahua

    MEXICO CITY, Mexico--Nov. 30, 1999--DESC, S.A. de C.V. (BMV:DESC) today announced that Unik S.A. de C.V., its wholly owned autoparts subsidiary, and Unik's partner Hayes Lemmerz International will expand capacity at their cast aluminum wheel plant in Chihuahua, Mexico.
    The $23 million expansion will be completed in 2001 and will result in an increase in annual production from 300,000 to 1.2 million cast aluminum wheels.
    This additional capacity will provide Hayes Lemmerz and Unik an opportunity to meet expected demand for world-class aluminum wheels and to increase their market share in the NAFTA region. "Adding capacity in Mexico is the latest milestone in our continuing efforts to serve our global customers. This expansion will bring the most advanced casting technology to produce world class quality products," said Emilio Mendoza, Chief Executive Officer of Unik S.A. de C.V.