Maxon Lift Corp reached an agreement with Nexxus Industrial Parks to acquire 36 acres of land in their ADN 2 park North of Monterrey, Mexico. In addition to the land acquisition, Maxon will work with Nexxus on a build-to-suit factory building, with work beginning immediately.
The first phase of the project will add 400,000-plus square feet of manufacturing space, with up to 600,000 square feet of building space in future phases. This additional capacity will give Maxon the capability to build over 100% of the liftgates needed in the North American market, with more capacity available in future phases to fill industry demand for the next 20-30 years.
“The entire Maxon family is very excited about this opportunity,” said Casey Lugash, member of the Office of the President for Maxon, “This investment shows the family’s commitment to the North American liftgate industry, and our confidence that Maxon will continue to be the leader of the growing North American liftgate market.”
Ground breaking will begin immediately with completion of the building around the end of 2021. Maxon expects to be in full operation in early 2022. Maxon will continue to operate its existing plant as before. Upon completion, Maxon will have over 800,000 total square feet of liftgate manufacturing space spread across the two plants.
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