# MAT Foundry Mexico receives operating license for $70M automotive foundry in Hidalgo

MAT Foundry Mexico received an operating license for a MX$1.2 billion ($70 million) automotive foundry in Mineral de la Reforma, Hidalgo, Mexico. The plant is expected to generate 650 direct and indirect jobs and supply heavy-duty vehicle components.

- Type: New facility
- Announced: 2026-02-23
- Where: Mineral de la Reforma, Hidalgo, Mexico
- Value: $70.0M
- Jobs: 650
- Status: announced
- Products: heavy-duty vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [MAT Foundry Mexico](https://endata.com/companies/90468.md)
- [MAT Holding](https://endata.com/companies/348.md) (investor)

## Sources

- [mexicobusiness.news](https://mexicobusiness.news/trade-and-investment/news/mat-foundry-mexico-receives-operating-license-hidalgo), 2026-02-23: "Local authorities in Mineral de la Reforma, Hidalgo, have formally granted an operating license to MAT FOUNDRY México, an automotive foundry project that represents an initial investment of MX$1.2 billion (about US$70 million) and is expected to generate 650 direct and indirect jobs in the region."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.