Bosch to build $215 million plant in central Mexico

BOSCH

14/09/2022 16:43

MEXICO CITY, Sept 14 (Reuters) - Technology supplier Bosch
Ltd  BOSH.NS  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
cellular phones and machinery for manufacturing automation at
the facility, 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.
 ($1= 19.9840 Mexican pesos)

 (Reporting by Raul Cortes Fernandez; Writing by Valentine
Hilaire; editing by Jonathan Oatis)
 ((Valentine.Hilaire@thomsonreuters.com;))