# POSCO inaugurates $100 million electric motor parts plant in Mexico

POSCO inaugurated a plant in Ramos Arizpe, Coahuila, Mexico, for manufacturing parts for electric motors, with a $100 million investment in the first phase, creating 200 jobs.

- Type: New facility
- Announced: 2023-10-18
- Where: Ramos Arizpe, Coahuila, Mexico
- Value: $100.0M
- Jobs: 200
- Starts operating: 18 Oct 2023
- Status: completed
- Capacity: 1.2 million to 7.0 million pieces produced annually by 2030
- Products: parts for electric motors (cores)
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [POSCO](https://endata.com/companies/8856.md)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/posco-inaugurates-100-million-engine-plant-in-mexico-1310979.htm), 2023-10-18: "Posco comes to consolidate the electromobility 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.