Technology supplier Bosch Group on Wednesday announced plans to construct a 4.3 billion peso ($215 million) plant in the central Mexican state of Queretaro.
Its subsidiary Bosch Rexroth will produce components for mobile applications designed for machinery, according to a statement from the company.
The plant will occupy 42,000 square meters (452,080 square feet) and is set to start operations next year, creating more than 900 jobs.
“We will be able to develop a stronger regional supply chain,” President and Chief Executive Officer of Bosch Rexroth North America Greg Gumbs said in the statement.
The company has announced investments in Mexico of about 15 billion pesos in recent months to expand plants in the states of Queretaro and Aguascalientes, and a new production site in Nuevo Leon.
ABOUT BOSCH
Robert Bosch GmbH, commonly known as Bosch, is a German multinational engineering and technology company headquartered in Gerlingen. The company was founded by Robert Bosch in Stuttgart in 1886. Bosch is 92% owned by Robert Bosch Stiftung, a charitable institution.
Source: OEM
