Stoneridge Executes Agreement With Navistar to Expand Manufacturing in Ramos Arizpe, Mexico

Stoneridge, Inc. SRI today announced that it has executed an agreement to manufacture certain electronic products for its largest customer, Navistar NAV, in a new facility located in Ramos Arizpe, Mexico, near the city of Saltillo. The new facility will allow Stoneridge to further support and strengthen its relationship with Navistar by producing critical components in a highly cost-efficient manner, as well as enable the Company to more competitively bid on other customer projects over the next two to three years. The Company also expects to utilize this new leased facility, which is approximately 145,000 square feet, for additional production requirements.