# ZF Group invests EUR 240 million to expand Querétaro plant

ZF Group announced a EUR 240 million investment to expand its operations in Querétaro, Mexico, adding 1,300 new jobs. The project will be built on 80,000 square meters at its existing plant in El Marqués, producing brake systems for electrification.

- Type: Expansion
- Announced: 2023-02-22
- Where: El Marqués, Querétaro, Mexico
- Value: $255.0M (240.0M EUR)
- Jobs: 1,300
- Status: announced
- Capacity: 80,000 square meters
- Products: brake systems, electrification components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [ZF](https://endata.com/companies/5885.md)

## Sources

- [eleconomista.com.mx](https://www.eleconomista.com.mx/estados/Automotriz-alemana-ZF-Group-invertira-240-millones-de-euros-en-Queretaro-20230222-0092.html), 2023-02-22: "Esa inversión está ligada al futuro de la industria automotriz, de electrificación, los productos que vamos a producir desde aquí para todo el mundo."
- [mexicobusiness.news](https://mexicobusiness.news/automotive/news/zf-group-invests-us245-million-expand-mexican-operations), 2023-02-23: "We have called Queretaro one of our homes in Mexico for a long time now, and we look forward to further strengthening our relationship in the community as we continue our transformation as one of the leading mobility technology companies in the industry."

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