# Innovation New Material to build $197M plant in Mexico

Innovation New Material Technology will invest USD 197 million to build a plant in Mexico to produce aluminum alloy materials for automobiles.

- Type: New facility
- Announced: 2023-08-22
- Where: Mexico, Mexico
- Value: $197.0M
- Status: announced
- Products: aluminum alloy materials for automobiles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Innovation New Material Technology](https://endata.com/companies/69578.md)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-innovation-new-material-plans-to-build-usd197-million-plant-in-mexico), 2023-08-22: "Innovation New Material Technology, China’s biggest producer of aluminum alloy bars, said it will invest USD197 million to build a plant in 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.