# ZF Group to expand axle plant in Toluca, Mexico with $43.2M investment

ZF Group will expand its advanced manufacturing capacity in Toluca, Mexico, adding a new production facility at its existing factory. The $43.2 million investment will create 150 jobs and add approximately 8,000 m² of space, with production starting in Q1 2024.

- Type: Expansion
- Announced: 2023-05-17
- Where: Toluca, Mexico, Mexico
- Value: $43.2M
- Jobs: 150
- Starts operating: Q1 2024
- Status: under construction
- Capacity: approximately 8,000 m²
- Products: front and rear axles, suspension modules for electric passenger vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [investmentmonitor.ai](https://www.investmentmonitor.ai/news/zf-group-mexico-advanced-manufacturing-investment/), 2023-05-17: "This investment demonstrates our commitment to our customers and employees in the region, as well as our commitment to advancing next-generation mobility."

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