# Grupo Industrial Saltillo invests $30M to expand Draxton foundry in San Luis Potosí

Grupo Industrial Saltillo announced a $30 million investment to expand capacity at Draxton's automotive parts foundry in San Luis Potosí, Mexico, adding 30,000 tonnes per year of nodular iron casting capacity with operations starting in Q4 2022.

- Type: Expansion
- Announced: 2021-07-23
- Where: San Luis Potosí, Mexico
- Value: $30.0M
- Status: announced
- Capacity: additional 30,000 tonnes per year, bringing global capacity to 620,000 tonnes per year
- Products: nodular iron castings, brake calipers, brackets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Draxton](https://endata.com/companies/8205.md)
- [Grupo Industrial Saltillo](https://endata.com/companies/8204.md) (investor)

## Sources

- [zocalo.com.mx](https://www.zocalo.com.mx/invierte-gis-30-mdd-en-expansion-en-slp/), 2021-07-23: "Grupo Industrial Saltillo anuncia una inversión por 30 millones de dólares para la expansión de capacidad de su planta de fundición de autopartes de su negocio Draxton, en San Luis Potosí."

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