# XCMG to invest $50M in new Monterrey plant

XCMG Xuzhou Construction Machinery Group announced an investment in Mexico to establish a new production plant in Monterrey, Nuevo León. The first phase is over $10 million, with a second phase of $40 million planned for 2023. The plant will create 235 jobs and produce scissor lifts for the North American market, with full production expected by end of 2022.

- Type: New facility
- Announced: 2022-03-09
- Where: Monterrey, Nuevo León, Mexico
- Value: $50.0M
- Jobs: 235
- Starts operating: 2022
- Status: announced
- Capacity: 7,000 square meters
- Products: scissor lifts
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [XCMG Xuzhou Construction Machinery Group](https://endata.com/companies/61506.md)

## Sources

- [promexicoindustry.com](http://www.promexicoindustry.com/en/article/xcmg-construction-machinery-will-invest-50-million-dollars-to-establish-itself-in-nuevo-len), 2022-03-09: "XCMG Xuzhou Construction Machinery Group Co., Ltd. announced an investment in Mexico, to establish a new production plant in Monterrey, Nuevo León."

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