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SKF to build $68M plant in Monterrey, Mexico · Endata

◂ Announcements

Feb 21, 2023NEW FACILITYMonterrey, Nuevo Leon, Mexico

SKF to build $68M plant in Monterrey, Mexico

SKF will invest US$68 million in a new plant in Monterrey, Nuevo Leon, to produce components for electric and commercial vehicles, creating about 1,200 jobs.

Value

$68.0M

Jobs

1,200

Starts operating

Jul 2023

Status

Announced

Productscomponents for electric and commercial vehicles

CompaniesSKF

Sectors#Automotive Components #Industrial Machinery

“SKF will invest US$68 million in the construction of a new plant in Monterrey, Nuevo Leon, where it will produce components for electric and commercial vehicles, with the aim of reducing its dependence on imports.”mexicodailypost.com

1 source
mexicodailypost.comSwedish firm SKF announces the opening of a new plant in Monterrey, Nuevo Leon - Monterrey Daily PostThe Mexico Daily PostFeb 21, 2023

Summarized from public sources; check the original articles before acting on it.

More from SKF

Nov 23, 2023CONTRACTFos-sur-Mer, France, France
SKF and ArcelorMittal sign five-year contract for bearing technology in Fos-sur-Mer
ArcelorMittal customer SKF supplier skf.com
Nov 21, 2023ACQUISITIONGermany
SKF acquires 2C Composites to strengthen magnetic bearings offer
SKF acquirer 2C Composites target bearing-news.com
Oct 5, 2023NEW FACILITYGuadalupe, Nuevo León, Mexico$67.5M1,200 jobsops 11 Oct 2023
SKF opens new bearing plant in Guadalupe, Mexico
SKF liderempresarial.com
Jul 12, 2023ACQUISITIONGermany
SKF agrees to divest Spandau Pumpen coolant pump business to EBARA Pumps Europe
EBARA Corporation partner Ebara Pumps Europe acquirer prnewswire.com ebaraeurope.com advant-beiten.com
May 22, 2023NEW FACILITYTangier, Morocco$4.70M
SKF opens SEK 50M magnetic bearing plant in Tangier, Morocco
SKF e-powertechnology.com
May 17, 2023PARTNERSHIP
SKF and Wolong sign MoU on magnetic bearings and levitation motors
SKF partner Wolong Electric Group partner e-powertechnology.com

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