Distinguished guests were present at today’s opening of GPV’s new 4,500 square meter electronics plant in Guadalajara, Mexico. The Governor of the State of Jalisco, Jorge Aristóteles Sandoval Diaz, Secretary of Economic Development of the State of Jalisco, José Palacios Jiménez, Mayor of Zapopan, Jalisco, Jesús Pablo Lemus Navarro, along with the Danish Ambassador, Henrik Bramsen Hahn, took part in cutting the ribbon to officially open the new Danish-Mexican growth adventure.
Furthermore, GPV was honoured by the presence of Denmark’s new Tech Ambassador, Casper Klynge based in Silicon Valley, California, US who would like to understand GPV’s position within high-end industrial electronics products.
Naturally, the CEO of GPV, Bo Lybæk, and the local General Manager, Tommy Kristiansen, were also present, and now everyone is looking forward to serve customers in the Americas out of the advanced manufacturing setup:
- Today marks a huge milestone in the history of GPV. For many years, we have had manufacturing activities on the European and Asian continents – and with our establishment here in Mexico, we will be present on the three key continents, which enables us to provide an even better service to our global OEM customers, Bo Lybæk explains.
- During recent years, we have been focused on gaining a solid foothold on the American market, and we have succeeded in doing so. Hence, there are plenty of things to do here in Guadalajara, he continues.
Today, the total number of employees is around 80 people. However, within the next two quarters, another manufacturing line will be established and the workforce will be expanded further. GPV is in dialogue with local universities regarding talent development, and it is GPV’s ambition to attract the best employees from the local community by offering an attractive workplace:
- We have not come to Mexico to get cheap labour. We have come because of the good location, attractive framework conditions for companies and not least due to the easy access to many skilled and well-educated people. We can ascertain from personal experience that the educational level at the universities in Guadalajara is very high. We seek to match that by offering attractive conditions of employment, such as life assurance, canteen scheme, transportation of all employees, etc. We are also actively engaged in helping the victims of the recent earthquakes in Mexico, Bo Lybæk says.
Bo Lybæk gives his speak at the Official Opening of GPV Americas (Mexico)
GPV is specialised in the production of advanced mechatronics products, i.e. a combination of electronics and mechanics. In this regard, GPV has a competitive advantage, as many competitors are solely manufacturers of either electronics or mechanics. GPV also specialises in developing customised solutions in low and medium volumes with a high degree of flexibility. It can be both electronic sub-assembly solutions and finished products (box-build), and GPV manufactures a total of roughly 4,500 products of various types for about 300 international customers – mainly OEM’s within cleantech, instruments & industry, medico and marine & defence.
And it is not only in the Americas that GPV’s business is thriving. The company has seen an average revenue growth (CAGR) since 2012 of more than 7% per year. The growth stems from an increase in demand from both existing and new customers. Hence, GPV is currently expanding its capacity further in both Denmark and Thailand, and, just as in Mexico, the manufacturing lines will be based on state-of-the-art Industry 4.0 technology.
The revenue of GPV is expected to surpass DKK 1 billion in 2017 with a total manufacturing of 8,5 million units.