Paramount Die Monterrey Facility Opening Expands Global Wire Die Capacity
Theย Paramount Die Monterrey Facility Openingย inย Monterrey, Mexicoย marks a major step in the companyโs global growth strategy. The new plant comes online inย Augustย and helps the business respond faster to demand fromย Mexico, Latin America, and export markets worldwide.
Paramount Die Monterrey Facility Opening Supports International Growth
As the worldโs largest supplier ofย carbide wire drawing dies,ย Paramount Die Companyย will use the Monterrey facility to serve regional customers more quickly and efficiently. The added space also increases capacity forย wire drawing diesย shipped to customers outside theย U.S., which supports further international expansion.
More than half of Paramountโs products already go to overseas markets, so this facility strengthens its global position. According to Presidentย Richard Sarver, the Monterrey plant โexpands our ability to quickly deliver world-class products and services to the global marketโ and further improves overall competitiveness.
Hiring Plans and Local Job Creation
Staffing for the new site is underway. An initial team of aboutย 20 employeesย will launch operations, and headcount will grow toย more than 100 peopleย as production ramps up. This growth supports local employment and builds advanced manufacturing capability in the Monterrey region.
Abingdon Headquarters Remains the Core Hub
The plant inย Abingdon, Marylandย continues to operate as the companyโsย primary manufacturing facility,ย technical R&D center, andย corporate headquarters. Alongside the Monterrey project, Abingdon is also expanding to increase output ofย carbide toolingย for metal forming applications such asย shaving,ย rolling, andย deep-draw tooling.
Together, the Abingdon and Monterrey facilities create a more flexible, resilient production network that better supports customers around the world.
