# WEG invests US$40M in land acquisition in Atotonilco de Tula, Mexico

WEG acquired a 640,000 m² plot of land in Atotonilco de Tula, Hidalgo, Mexico for US$40 million to support future production capacity expansion and verticalization of operations.

- Type: Investment
- Announced: 2023-08-25
- Where: Atotonilco de Tula, Hidalgo, Mexico
- Value: $40.0M
- Status: announced
- Products: electric motors, transformers, electrical panels, industrial powder coatings
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [WEG](https://endata.com/companies/1550.md)

## Sources

- [weg.net](https://www.weg.net/institutional/SE/en/news/result-and-investiments/weg-announces-investment-of-us-40-million-to-acquire-new-land-in-mexico), 2023-08-25: "This is a fundamental investment to support WEG's growth in the future, as it strengthens our position in one of the largest markets in the world for the Company's product portfolio."

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