# Schneider Electric to build $29M plant in Monterrey, Mexico

Schneider Electric will invest $29 million in a new plant called 'Monterrey 4' in Nuevo León, Mexico, specializing in low-voltage electrical distribution panels. It is expected to be fully operational by early June 2024 and create over 300 jobs.

- Type: New facility
- Announced: 2024-02-19
- Where: Nuevo León, Mexico, Mexico
- Value: $29.0M
- Jobs: 300
- Starts operating: Jun 2024
- Status: under construction
- Capacity: 183,000 m² initial, expandable to 520,000 m²
- Products: low-voltage electrical distribution panels
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [Schneider Electric](https://endata.com/companies/2048.md)

## Sources

- [eleconomista.com.mx](https://www.eleconomista.com.mx/empresas/Schneider-Electric-invertira-29-millones-de-dolares-en-nueva-planta-de-Monterrey-20240219-0062.html), 2024-02-19: "Estamos orgullosos de fortalecer nuestro compromiso con México y Nuevo León al inaugurar una planta que, además de crear más de 300 nuevos empleos, será una instalación Engineer-to-Order (ETO)."
- [mexico-now.com](https://mexico-now.com/schneider-electric-invests-us29-million-in-monterrey/), 2024-02-20: "'Monterrey 4' will implement intelligent technology, consolidating our path towards efficiency, industry digitalization and environmental care"
- [mexicobusiness.news](https://mexicobusiness.news/energy/news/schneider-electric-invest-us29-million-monterrey), 2024-03-07: "We are proud to strengthen our commitment to Mexico and Nuevo Leon by inaugurating a plant that, in addition to creating over 300 new jobs, will be an Engineer-to-Order (ETO) facility."

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