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Share Name | Share Symbol | Market | Type |
---|---|---|---|
UL Solutions Inc | NYSE:ULS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.09 | -0.18% | 51.08 | 51.83 | 50.51 | 51.20 | 203,797 | 20:00:29 |
New testing capabilities for the consumer technology, automotive, and wire and cable industries to help customers with exports to the U.S., Canada and throughout Latin America
UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, has expanded its Mexico laboratory capacity and capabilities to meet the growing demand of manufacturers in Latin America for product safety and performance testing.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028338193/en/
The expansion of UL Solutions’ laboratory in Mexico adds testing capabilities for consumer technology, automotive, and wire and cable products, broadening testing services for exports to the United States, Canada and throughout Latin America, while meeting local market needs. (Photo: Business Wire)
The expansion of UL Solutions’ laboratory in Mexico adds testing capabilities for consumer technology, automotive, and wire and cable products, broadening testing services for exports to the United States, Canada and throughout Latin America, while meeting local market needs. This also resulted in the facility becoming a Volkswagen de Mexico partner laboratory.
“Mexico is a significant manufacturing hub, a key U.S. trading partner and a dynamic Latin American economy,” said Todd Denison, senior vice president of Global Regions at UL Solutions. “Expanding our capabilities in Mexico strengthens our ability to offer customers the science-based services they need to meet safety and performance testing and certification requirements, whether for local or export markets.”
This state-of-the-art testing laboratory originally opened in May 2022. The facility was developed to help streamline the product certification process for importers and exporters in Mexico. Located in Querétaro, about 135 miles or approximately 220 kilometers northwest of Mexico City, the facility is in a thriving industrial region with a strong manufacturing base, skilled work force and significant automotive industry presence.
The facility is one of Mexico’s few multinational testing laboratories. The services offered support local businesses in bringing safer, compliant products to Mexico and throughout North and South America.
As a result of the expansion, the Querétaro facility has achieved certification as an external laboratory partner by Volkswagen de Mexico, for testing automotive components and performance materials from its suppliers, according to the automotive group’s standards.
Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. Eighty-eight percent of vehicles made in Mexico are exported, with 76% destined for the U.S. Mexico is also the world’s fifth-largest manufacturer of heavy-duty vehicles for cargo, hosting manufacturers and assemblers of buses, trucks, tractor trucks and engines.1
“Mexico is one of the world’s most important automotive markets,” said Rodolfo Flores, regional director of Latin America, UL Solutions. “This is why we continue to invest in talent, expertise and customized equipment to provide world-class testing to the automotive industry and its suppliers. With our laboratory certified as an external partner Volkswagen testing laboratory, we have strengthened our collaboration with Volkswagen to have its supplier products officially approved for its vehicles.”
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
1Mexico Country Commercial Guide, Automotive Industry, 11-24-2023
Source: UL Solutions Inc Source Code: ULS-IR
View source version on businesswire.com: https://www.businesswire.com/news/home/20241028338193/en/
Media: Kathy Fieweger Senior Vice President - Communications Kathy.Fieweger@ul.com +1 312-852-5156
Investors: Dan Scott / Rodny Nacier, ICR Inc. IR@ul.com
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