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Querétaro Ribbon Cutting

FOR IMMEDIATE RELEASE                                   CONTACT:    Brent Burkhardt, (410) 330-3907

Governor Francisco Dominguez Servién cuts ribbon, credits Royal for Querétaro’s economic growth

Carol Stream, IL - December 9, 2019 - Royal Power Solutions ushered in a new chapter of manufacturing capabilities during a Grand Opening Ceremony on November 14 attended by Querétaro Governor Francisco Domínguez Servién at the state-of-the-art facility. Located in the region’s automotive industry corridor, the company unveiled its advanced tool design and construction technologies that establish Querétaro as Royal’s “Center of Excellence” for molding and assembly.

Eric Heglie, Chairman of the Royal Power Board of Directors and CEO Randy Ross welcomed more than 200 employees, customers, auto industry executives, government leaders, and associates. The event featured remarks by company and elected officials, video of employee testimonials, mariachi band, catered lunch, commemorative gifts, and a ribbon-cutting.

Governor Dominguez Servién recognized Heglie and Ross for investing in the region and creating jobs. Crediting Royal Power Solutions for being part of the region’s economic engine, Servién said that from January to August 2019, Querétaro’s automotive sector grew 9.3 percent compared to the previous year, and its economy increased 5.8 percent - more than four times the country as a whole.

“Querétaro is the leader in automotive auto parts industry. Royal’s investment strengthens the supply chain and consolidates our national leadership," he said. "The auto parts sector is the largest recipient of foreign capital in Querétaro with more than 242 million USD invested here in the past five years.”

Royal Power Solutions is a supplier of critical high-precision electrical power and signal distribution components for global vehicle and industrial applications. The company specializes in stamping and molding systems for terminal, connector and busbar products for the auto industry.

Heglie, a Partner at Industrial Growth Partners (IGP) - the majority shareholder of Royal - explained that IGP focuses on industrial manufacturing companies around the world. The company has raised and invested more than 2 billion USD and invested in more than in 40 companies.

“For more than 20 years, we have successfully started and supported growth initiatives in Mexico. This new facility is our seventh operation under IGP’s ownership in Mexico.”

Heglie expressed that it has been IGP’s positive experience that the highest quality workers with the best with the people, training, skills and resources are in Querétaro. He also credited the Governor’s leadership and assistance in starting the business at this location.

Royal initiated production at the facility in Q1 and is currently assembling automotive battery terminal systems, molded plastic covers and studded eyelets for multiple Tier I and Tier II manufacturers. The 75,000 square-foot plant is located at Parque Technologico Innovacion in Santiago de Querétaro. The plant footprint can be doubled based on future production demand.

Ross announced that Royal has made significant investments in the facility, equipment, and people, saying “The what is location/descriptionSouth wall is designed to be removed for further expansion. We have a great team in America and in Mexico. We will work together, we will learn together, and we will grow together. And together, we will knock down that wall and create more opportunities for all.”

He acknowledged the team effort led by COO Tom Ross, General Manager Chad Cranney, and Controller Karen Villasenor for flawlessly getting the operation up and running with precision manufacturing, high quality, and critical customer approvals.

“Our customers depend on us to develop and supply them with industry-leading technologies and products,” said Ross. “Our new products are designed for the global electrification of vehicles and other machines. Our designs emphasize safe products for our customers and their customers; environmentally favorable solutions that make the world a better place for all; and efficient and affordable solutions so all of society can benefit.”

Ross went on to say that precision stamping requires highly specialized skills and Royal invested in producing and assembling automotive battery terminal systems, molded plastic covers, studded eyelets, and automobile connection systems in Mexico.

"Companies who want the best quality auto parts, turn to Querétaro,” said El Marques Mayor Vega Carriles. “Those looking to give cars greater intelligence, greater security, and the most advanced technology, turn to the innovation, talent and leadership found in our state.”

Royal’s high-speed stamping and product solutions for terminal, connector, busbar and shielding production is a rare capability in Mexican manufacturing, according to Chad Cranney, Querétaro general manager and a 35-year automotive industry veteran.

“Other companies have failed at stamping because they hire employees here and just expect them to figure it out,” he said. “Precision stamping requires a unique skill set, so we are investing in knowledge transfer to properly train our team members.”

Royal offers customers agility, speed and reduced delivery times. By manufacturing precision systems and components in the Bajío Industrial Corridor, it has localized the supply chain for companies assembling automotive wiring harnesses in Mexico. Learn more: www.RoyalPowerSolutions.com

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About Royal Power Solutions

An Industrial Growth Partners (IGP) company, Royal Power Solutions - established in 1938 - is a global leader in the development and production of critical high-precision power and signal distribution components. The headquarters is located in Carol Stream, Illinois.