# 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.

- Type: New facility
- Announced: 2023-02-21
- Where: Monterrey, Nuevo Leon, Mexico
- Value: $68.0M
- Jobs: 1,200
- Starts operating: Jul 2023
- Status: announced
- Products: components for electric and commercial vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [SKF](https://endata.com/companies/4959.md)

## Sources

- [mexicodailypost.com](https://mexicodailypost.com/2023/02/21/swedish-firm-skf-announces-the-opening-of-a-new-plant-in-monterrey/), 2023-02-21: "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."

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