Mexico
For more information, contact Carlos Mortera (cmortera@AMTonline.org).
Germany’s Diehl Aviation will invest more than $49 million in a plant in Queretaro to manufacture lavatories, supply systems, and overhead compartments for aircrafts.
Safran will invest $6.5 million in its new plant in Chihuahua. The French multinational’s new plant will focus on the production of aerospace components, including evacuation systems and seating components.
German multinational Siemens announced an investment of $51.3 million in its Queretaro plant in Kaizen to optimize and redesign its production in the town. The plant will focus on creating and designing innovative power distribution solutions for the automotive industry.
ASK Industries, an Italian company with Japanese and American capital, inaugurated its $33-million plant in Sonora. The plant, which will open in the Vie Verte Hermosillo 2.0 industrial park, will manufacture components and audio systems for vehicles.
KBI Dongkook invested $30 million to expand its Pesqueria, Nuevo Leon, plant. The Korean supplier of Hyundai and KIA in Nuevo Leon expanded the existing plant by more than 14,000 square meters to produce plastic-injection components for new car models.
Germany’s SAF-Holland inaugurated a plant in Coahuila with an investment of $33 million. The plant will focus on manufacturing fifth wheels for tractors, mainly for the U.S. and Mexican markets.
China’s USI inaugurated its second plant in Jalisco with an investment of $82 million. The plant will focus on manufacturing high-tech electronic products for sectors such as the automotive industry.
Maxion Structural Components, a Brazilian manufacturer of structural components for trucks, buses, pickups, cars, tractors, agricultural machinery, and off-road vehicles, has announced an investment of $69.7 million to expand its Plant 3 in Coahuila. This project is set to enhance the company’s production capacity and lead to the creation of 500 new jobs in the region.
Siemens Mexico, Central America, and the Caribbean inaugurated its outstanding Mitras Project in Monterrey, Nuevo Leon, after two years of planning and an investment of more than $57 million. This new plant, specializing in plastic injection, was established to expand production and meet the growing demand for medium and low-voltage electrification solutions in the national and North American markets.
HVAC manufacturer Trane will expand its plant in Monterrey, Nuevo Leon, with an investment of $18 million, strengthening nearshoring and increasing production for the U.S. residential market. The expansion boosts foreign investment for nearshoring in Nuevo Leon, where roughly 30% of the projects are focused on the manufacturing industry
China’s Sinoboom has begun the construction of its plant in Guanajuato Puerto Interior, with an initial investment of $150 million.
Audio electronics company Harman's fourth manufacturing plant was inaugurated in Queretaro, with facilities receiving an investment of $115 million.
Ternium Mexico announced a significant investment of nearly $4 million dollars to expand its presence in northern Mexico. The company announced that the capital injection is part of an ambitious expansion plan that will be completed in 2026, with the development of new plants in the municipality of Pesqueria, Nuevo Leon.
ELAM-FAW, which specializes in the assembly of cargo vehicles for Chinese automaker FAW, announced its expansion in Mexico with another assembly plant in the state of Colima with an investment of $360 million.
Good Mark Industrial Mexico, a Chinese company, will establish its first plant in the Americas in the La Laguna region of Coahuila, in the Pyme industrial park in the Mieleras area of Torreon. This project includes an initial investment of $12 million.
Grupo Plasma Automation, a Mexican manufacturing company, inaugurated the Innovation Center for Manufacturing in Guanajuato, Mexico, with an investment of $5.6 million and the creation of 250 new direct jobs.
Brazil
For more information, contact Achilles Arbex (aarbex@AMTonline.org).
France’s Renault aims to increase its footprint in the Brazilian market by introducing new models and hybrid technology, demonstrating its commitment to innovation and sustainability. The company intends to invest $1 billion in the country by 2025, indicating exciting developments ahead.
Danish turbine giant Vestas has announced plans to upgrade a Brazilian manufacturing plant and start local production of the V163-4.5MW model that has been a success in North American onshore wind. The company will invest $24 million in the expansion of its factory in Ceara, which is currently the leading Brazilian state for clean energy equipment production.
The government of Ceara recently announced a substantial investment of $100 million to build a multi-brand factory dedicated to the production of electric and hybrid vehicles. This initiative is led by Comexport, a prominent Brazilian foreign trade company, and has an initial target of producing 40,000 units per year. The brands using this new facility weren’t disclosed, although Comexport currently works with brands such as Volvo, Mercedes-Benz, and Toyota.
Scania detailed its new investment cycle of $370 million for 2025-2028. The Swedish company is the first truck and bus manufacturer to join the electrification movement initiated by car manufacturers. A significant portion of this new investment will be allocated to the production of electric buses.
Danfoss, a Danish multinational manufacturer of valves, pumps, compressors, and motors, will invest $16 million in its operations in Brazil. These investments will enable Danfoss to better serve customers with upgraded facilities, new and modern machines, and improved equipment.
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.
