Spain-based engine specialist Industria de Turbo Propulsores (ITP) has restructured its majority-owned Mexican subsidiary Industria de Turborreactores (ITR) into three separate companies as part ITP's global strategic plan 2011-2015.
Effective since last month, ITR's engine overhaul shop will concentrate on maintaining commercial powerplants, notably the Pratt & Whitney JT8D series, and components under the Turborreactores brand.
ITP Ingeniería y Fabricación (ITP I&F) will focus on engineering services as well as the production of engine casings and seals.
Industria de Tuberías Aeronáuticas México (ITAM) will specialise in manufacturing aeronautic tubes.
While the three divisions continue to operate from their shared facilities in Querétaro, the restructuring should make their management more efficient and financial situation clearer, ITP said.
The Spanish company wants to develop the Mexican site, which currently employs a total workforce of around 500, as a "low-cost centre within the ITP Group" and extend its capacities for dollar-based in-house production, said ITP chief executive Ignacio Mataix.
Rolls-Royce holds a 46.9% share of ITP Group while the balance is owned by Sener Aeronautica.