Nissan and Vesta Sign Agreement for the Development of Integrated Supplier Park at the New Aguascalientes, Mexico Manufacturing Project

AGUASCALIENTES, Mexico - Nissan and Vesta (BMV: Vesta), an industrial real estate developer from Mexico, signed a definitive agreement for the development of a Douki Seisan Park (DSP) on site at the company's new Aguascalientes, Mexico manufacturing plant. The DSP would reside in close proximity to the automotive plant, allowing to intrinsically link automotive suppliers to production processes. This DSP will be developed within Nissan's new US$2-billion manufacturing complex where Phase 1 of automotive operations are scheduled to open by the close of 2013.

The Nissan-Vesta DSP will be developed by Vesta, in stages, at a cost of US$57 million during the first phase. Initially, it will host on 140 acres (57 hectares) 7 suppliers within 5 buildings of 1.6 million square feet of construction, with the potential of expanding further in the future. Already in position are: POSCO, producer of sheet metal, and soon to break ground Nissan Aftersales operations, among others. Calsonic (supplier of dashboards modules) operations are being developed by Nissan within the new plant's assembly line and would not be part of the contiguous DSP park.

Nissan's agreement with Vesta to build a DSP park responds to a need for specialized partners that can help support the accelerated expansion of production capacity, as demand for Mexico-made vehicles currently surpasses supply.

Vesta's expertise in the development of "Park to Suit" for specific supply chain projects will be an asset to Nissan's manufacturing complex.

"Nissan's leadership position in Mexico, in areas such as sales, manufacturing and customer satisfaction, stems from a commitment to innovation. In yet another "first," we have structured the development of a park to suit, integrated supplier park with the support of highly-specialized experts that meet our demands for competitiveness, efficiency and, of course, innovation," said José Valls, president and managing director of Nissan Mexicana.

Armando Avila, vice president of Manufacturing for Nissan Mexicana commented, "We are making history in Aguascalientes with the development of a second state-of-the-art, US$2 billion manufacturing complex that will deliver quality vehicles to many markets around the world. Nissan's suppliers are a key players in this expansion and investment story. Through their presence at the Douki Seisan Park, we will collaborate shoulder-to-shoulder in closely timed, innovative manufacturing processes. "

He added, "We are committed to growing significantly in a very competitive manner. The DSP will facilitate a streamlined and highly-efficient supply chain and logistics operation."

"Mexico is one of the best manufacturing and export global platforms, not only given the importance of its supply chain, but for the quality of its skilled labor and the coordination and support provided by state and federal government entities," said Lorenzo Berho, president and managing director of Vesta.

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