Benzinga | Sep 23, 2021 11:55AM EDT

Commercial Vehicle Group To Invest ~$5M In Injection Molding Machines

* Commercial Vehicle Group Inc's (NASDAQ:CVGI) AdvancTEK division invests more than $5 million in two additional 2500 ton injection molding machines.

* The two new machines will go into AdvancTEK's 97,000 square foot, IATF 16949 certified Injection Molding Center in Saltillo, Mexico.

* The company noted this new investment is connected to new business wins in non-commercial vehicle markets.

* Price Action: CVGI shares traded higher by 2.64% at $9.72 on the last check Thursday.