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German company brings $300 million investment to Nuevo León, Mexico

Monterrey, Mexico 12-May-2022.- With an investment of $300 million, German Automotive Smart Components Company ZF Group raised his bet andin…

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Monterrey, Mexico 12-May-2022.- With an investment of $300 million, German Automotive Smart Components Company ZF Group raised his bet andin Nuevo Leonewhere it will form a complex that includes a manufacturing plant, an innovation and development center, and a multidisciplinary center of excellence where the entire Administrative Operations of North America.

Martin Fischer, President ZF Group North Americahighlighted that after seeing the benefits to the state, the company decided to scale up its project by 20 percent within the Finsa Guadalupe Industrial Park, which they initially planned to employ 800 people.

was held yesterday Plant building inaugurationWhich will begin to be equipped with state-of-the-art machinery to start manufacturing high-tech electronic products in mid-2023.

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With this setup, new lion progress in the processes of Electric vehicles and manufacturing for the futureBecause ZF will produce advanced driving assistance systems, such as rear-view mirror cameras that detect pedestrians and cyclists, and can trigger accident prevention system

ZF will also produce other technologies in the state which will be required for supply Autonomous driving and electrification, The event also laid the foundation stone for the research and development centre, which is considered essential to ZF in its global commitment to next generation mobility.

“We are building a complex that has three parts: a factory that is going to manufacture electronic products, an engineering center that is going to make a full development program, and an administration center.

“We started (the project) on a small scale, but we decided to do further development here in Nuevo León and focus not only on administration, but on engineering as well,” Fischer said before the event.

Manager said that part of Operating with 250 employees And that if the original project has already expanded, ZF is ready to move on. “We have reserve land and infrastructure ready for expansion.”

Yesterday’s ceremony was attended by the Secretary of the Economy Ivan Rivas, who revealed the amount of investment and the number of jobs. “It’s a huge investment, more than $300 million and over 1,150 jobs,

“With the establishment of this centre, new technologies will be developed which will Nuevo Leone as Autonomous Driving Automotive Hub of Latin America”, highlighted the official.

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Fischer recalled that ZF has been working in the country for 57 years and has 17 plants and 23 thousand employeesIt has the second workforce after Germany, and highlights that it is the largest German company in Mexico.


 

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German company brings $300 million investment to Nuevo León, Mexico

2022-05-12 15:29:50