Brazil
For more information, contact Achilles Arbex (aarbex@AMTonline.org).
GM has announced a $240-million investment in the Gravatai industrial complex to produce a new Chevrolet vehicle in Brazil. This investment is part of a $1.4-billion package that will be applied from 2024 to 2028.
Thyssenkrupp is investing $24 million in its automotive operations in Brazil to enhance its local plants' capabilities to meet increasing demand from automakers. The investment includes expanding production capacity at the Pocos de Caldas plant and increasing local content at the production unit in Sao Jose dos Pinhais.
Toyota plans to invest $5.5 billion in Brazil by 2030, including doubling production capacity at the Sorocaba industrial complex and producing batteries for hybrid vehicles.
JCB is investing approximately $70 million to expand its operations, with $30 million targeted for modernizing the Sorocaba factory and an additional $100 million for operations in Latin America.
Volkswagen has announced a $600-million investment in the Sao Jose dos Pinhais factory to start production of a sedan and a new pickup truck in Brazil.
Sao Paulo has seen increased private investments in the automotive industry, including significant investments by Asian automakers such as Toyota, Honda, and Hyundai. Non-Asian companies, including Comporte, Mercado Livre, Enel, Azul, and Takoda Data Centers, have also announced substantial investments.
Mexico
For more information, contact Carlos Mortera (cmortera@AMTonline.org).
Doosan Bobcat, a Korean manufacturer of compact vehicles for the construction sector, has laid the first stone of its new plant in Mexico at the Monterrey Interport, located in Salinas Victoria, with an investment of $300 million. The new project will focus on the production of Bobcat M-series compact loaders for the North American market.
Schneider Electric has inaugurated its fourth plant in Nuevo Leon with an investment of $29.4 million. The plant, called Monterrey 4, will specialize in serving the United States and Canada with solutions for high energy consumption in the medical sector, data centers, and other industries. The Monterrey 4 plant will manufacture specialized products, such as low-voltage electrical distribution boards.
Audi will invest more than $1 billion to produce electric vehicles with E-Tron technology at its plant in San Jose Chiapa.
Cadrex Manufacturing Solutions, a manufacturer and mechanical solutions provider, opened a new 150,000-square-foot facility near its existing space in the Monterrey metropolitan area. Extending the current space to a total of 405,000 square feet, the facility has sheet metal fabrication, sheet metal stamping, welding, plastic injection molding, assembly, and testing capabilities.
GEON Performance Solutions, a global leader in the formulation, development, and manufacturing of performance polymer solutions, announced a $1.3-million expansion in its Ramos Arizpe site to add a production line and upgrade existing resources for polyolefin compound manufacturing. The expansion, expected to be completed this year, will add more than 120 million pounds of capacity annually to the market.
Minth Group announced an investment of $57 million to expand its operation in Aguascalientes, Mexico, and strengthen its capabilities in extruding aluminum products and plastic and metal injection.
INFAC, a South Korean company, is investing $6 million to expand in Monclova, Coahuila. The company, currently dedicated to producing harnesses, will use its new industrial building to produce battery parts for electric vehicles in 2025.
AGCO announced an expansion of its plant in Queretaro, Mexico, which is dedicated to the assembly of tractors for the agro-industry, with an investment of $45 million.
Danfoss Mexico is expanding its plant in Apodaca. The plant expansion project will allow it to offer an estimated annual production capacity of 100,000 units of compressors used in HVAC applications, 1.6 million pressure sensors, and A2L leak detection sensors used in many industrial processes.
The automotive and aftermarket supplier Grupo Vazlo announced its arrival in Aguascalientes with an investment of $42.5 million. The company specializes in the production, marketing, and distribution of aftermarket auto parts.
Mars Petcare announced that it will invest $62 billion in its wet food plant in Queretaro, quadrupling its capacity and inaugurating its first expansion. By 2025, it will have 14 additional production lines, eight of which are already in operation.
Are You an AMT Member Coming to IMTS?
For the latest industry intelligence in foreign markets and to learn more about all of AMT’s Global Resources, attend the members-only International Briefing Breakfast at IMTS 2024 on Wednesday, Sept. 11, at 7:30-9:30 a.m. For more details, contact Achilles Arbex at AArbex@AMTonline.org.
