# Draxton invests $30M in expansion at San Luis Potosí plant

Draxton is investing $30 million to expand its plant in San Luis Potosí, Mexico, adding 30,000 tons of nodular iron casting capacity. The expansion is focused on casting critical parts for braking systems compatible with hybrid and electric vehicles, with operations starting in Q4 2022.

- Type: Expansion
- Announced: 2022-03-01
- Where: San Luis Potosí, Mexico, Mexico
- Value: $30.0M
- Jobs: 100
- Starts operating: Q4 2022
- Status: under construction
- Capacity: 30,000 tons per year
- Products: nodular iron castings, brake system parts, control arms
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Draxton](https://endata.com/companies/8205.md)

## Sources

- [mexicoindustry.com](https://mexicoindustry.com/noticia/draxton-slp-fabrica-componentes-de-fundicion-para-vehiculos-electricos), 2022-03-01: "La ampliación representará una inversión de 30 millones de dólares y estará enfocada en la fundición de piezas críticas para sistemas de frenos, 100% compatibles con vehículos híbridos y eléctricos."
- [mexicoindustry.com](https://mexicoindustry.com/index.php/noticia/draxton-slp-fabrica-componentes-de-fundicion-para-vehiculos-electricos), 2022-03-01: "La ampliación representará una inversión de 30 millones de dólares y estará enfocada en la fundición de piezas críticas para sistemas de frenos, 100% compatibles con vehículos híbridos y eléctricos."

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