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Amfas Announces Maquila-Based Assembly and 3PL Logistics Services in Ensenada, Mexico

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Amfas International, a U.S.-based, ISO 9001:2015 certified manufacturing and supply chain partner with a global footprint and a legacy since 2002, today announced the launch of its new Maquila-based assembly, 3PL+ logistics, and quality services facility in Ensenada, Baja California, Mexico, with operations scheduled to commence in April 2026. This expansion marks a strategic advancement in Amfas’ ability to support OEM programs through integrated global manufacturing, nearshore assembly, and cross-border logistics – delivering greater speed, cost efficiency, and operational control across North American supply chains.

ENSENADA, Mexico, June 26, 2026 /PRNewswire-PRWeb/ — The Ensenada facility has been purposefully designed to deliver assembly, logistics, and tariff-deferral capabilities without the complexity or capital requirements of full-scale manufacturing operations. Situated in El Sauzal, Ensenada, in close proximity to the ocean port and major transportation corridors, the facility offers direct logistical advantages for companies serving the United States market. Its location enables faster transit times, streamlined cross-border movement, and flexible distribution models tailored to modern supply-chain requirements. As nearshoring continues to accelerate across North America, Ensenada has emerged as a strategic hub for assembly staging and cross-border logistics under Mexico’s maquila framework, providing a compliant and efficient alternative to traditional offshore models.

Amfas is helping U.S. manufacturers strengthen nearshore supply chains through Ensenada-based assembly and 3PL logistics, improving speed, control, and tariff efficiency.

The Ensenada facility introduces an enhanced 3PL+ service model structured under the maquila program, allowing customers to temporarily import goods duty-free for processing and re-export, while aligning with USMCA frameworks to support reduced tariff exposure and compliant cross-border trade. This structure supports inventory holding with deferred duty and tariff payments, direct-to-customer and direct-to-end-customer distribution models and coordinated cross-border logistics for U.S.-bound shipments. By leveraging this framework, customers gain greater flexibility in inventory positioning while mitigating tariff exposure and optimizing working capital. The result is a streamlined supply-chain model that aligns operational efficiency with financial prudence.

“Ensenada is the missing middle between offshore cost and onshore control. It gives customers faster assembly, inspection, and U.S.bound shipping while managing duty and tariff exposure intelligently, without tying up capital or building a full-scale manufacturing footprint.” says Steve Walker, Founder and CEO, Amfas International.

In addition to logistics services, the facility provides assembly-only operations supported by applicable free trade agreements. These services include mechanical and electro-mechanical sub-assemblies, box build and enclosure assembly, wire harness and cable assembly, as well as kitting, labeling, barcoding, and packaging. Operating within the maquila structure enables qualifying programs to benefit from reduced or zero-duty treatment, allowing customers to establish scalable nearshore assembly programs that integrate seamlessly with existing manufacturing footprints.

Quality assurance is embedded as a foundational component of the Ensenada operation. The facility offers comprehensive component and assembly inspections, sorting and rework services, First Article Inspection (FAI) reporting, and onsite mechanical measurement capabilities supported by a dedicated quality lab. Through the Maquila program, parts can be temporarily imported for inspection and rework at a zero-duty rate, enabling corrective actions and compliance verification without unnecessary financial burden. This integrated quality infrastructure ensures that customer programs meet rigorous performance and documentation standards prior to distribution.

The Ensenada operation has been developed to serve customers across automotive, industrial, and broader OEM supply chains seeking reliable nearshore assembly, logistics coordination, tariff mitigation, duty deferral, and quality assurance services. Early engagement with the Amfas team enables customers to strategically align inventory flows, establish assembly configurations, and implement logistics planning in advance of full program launches, ensuring a smooth transition and scalable growth pathway.

About Amfas International

AMFAS International, an American-owned and managed company with a strong legacy since 2002, combines domestic engineering expertise, quality assurance, logistics experience, and domestic stocking with a vast global manufacturing network. This strategic approach enables Amfas to support OEMs with sourcing, assembly, logistics, and quality services – delivering seamless, compliant, and scalable supply chain solutions that keep you ahead of the competition. Connect with us at info@amfasinternational.com or visit https://amfasinternational.com/

Media Contact

Marcus Sims, Amfas International, 1 9012374698, info@amfasinternational.com, https://amfasinternational.com/

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SOURCE Amfas International

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

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SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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