Paramount Die Monterrey Facility Opening Expands Global Wire Die Capacity
The Paramount Die Monterrey Facility Opening in Monterrey, Mexico marks a major step in the company’s global growth strategy. The new plant comes online in August and helps the business respond faster to demand from Mexico, Latin America, and export markets worldwide.
Paramount Die Monterrey Facility Opening Supports International Growth
As the world’s largest supplier of carbide wire drawing dies, Paramount Die Company will use the Monterrey facility to serve regional customers more quickly and efficiently. The added space also increases capacity for wire drawing dies shipped to customers outside the U.S., which supports further international expansion.
More than half of Paramount’s products already go to overseas markets, so this facility strengthens its global position. According to President Richard Sarver, the Monterrey plant “expands our ability to quickly deliver world-class products and services to the global market” and further improves overall competitiveness.
Hiring Plans and Local Job Creation
Staffing for the new site is underway. An initial team of about 20 employees will launch operations, and headcount will grow to more than 100 people 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 in Abingdon, Maryland continues to operate as the company’s primary manufacturing facility, technical R&D center, and corporate headquarters. Alongside the Monterrey project, Abingdon is also expanding to increase output of carbide tooling for metal forming applications such as shaving, rolling, and deep-draw tooling.
Together, the Abingdon and Monterrey facilities create a more flexible, resilient production network that better supports customers around the world.
