# Valeo to build $29M auto parts plant in Lerma, Mexico

Valeo Sistemas Eléctricos will build a new plant in Lerma, State of Mexico, to supply Stellantis. The $29 million investment will create 220 jobs.

- Type: New facility
- Announced: 2023-05-23
- Where: Lerma, State of Mexico, Mexico
- Value: $29.0M
- Jobs: 220
- Status: announced
- Products: automotive electrical systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Valeo](https://endata.com/companies/655.md)
- [Stellantis](https://endata.com/companies/7966.md) (customer)

## Sources

- [tyt.com.mx](https://www.tyt.com.mx/nota/valeo-construira-nueva-planta-en-lerma-para-proveer-a-stellantis), 2023-05-23: "Hoy los directivos de @Valeo_Group, líder global en la fabricación de piezas automotrices, nos informaron que expandirán su industria en nuestro estado con una nueva planta de producción en #Lerma."
- [marklines.com](https://www.marklines.com/en/news/289555), 2023-06-09: "Valeo Group announced it will invest USD 29 million to build a state-of-the-art production plant and generate 220 new jobs in Lerma, State of Mexico."

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