# EuroGroup Laminations to expand production in Mexico

EuroGroup Laminations will invest €50 million to expand its production capacity in Mexico to serve the automotive industry.

- Type: Expansion
- Announced: 2024-01-12
- Where: Mexico, Mexico
- Value: $55.0M (50.0M EUR)
- Starts operating: 9 Feb 2024
- Status: announced
- Capacity: doubled installed production capacity for EV segment
- Products: electric motor components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [EuroGroup Laminations](https://endata.com/companies/74945.md)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/ev-motor-maker-eurogroup-laminations-expand-production-mexico-2024-01-12/), 2024-01-12: "Electric motor component maker EuroGroup Laminations said on Friday it would invest 50 million euros ($55 million) to expand its production capacity in Mexico to serve the automotive industry."
- [chargedevs.com](https://chargedevs.com/newswire/eurogroup-laminations-opens-new-production-plant-for-the-ev-market-in-mexico/), 2024-02-09: "EuroGroup Laminations, a manufacturer of stators and rotors for electric motors and generators, has opened a new plant in Querétaro, Mexico to produce products for the EV segment."

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