Phoenix Contact to build $60M connector plant in Querétaro, Mexico

German company Phoenix Contact will invest 1,095 million pesos (approx. $60M) to build a new plant in Querétaro, Mexico, to manufacture connectors, cables and sensors. The plant is expected to create 700 jobs.

“Querétaro is one of the most important investments for Phoenix Contact. This year we are going to invest more than 60 million euros.”publimetro.com.mx

• 1 source
• publimetro.com.mxAnuncian dos nuevas inversiones en Querétaro por mil 165 mdp – Publimetro MéxicoGuillermo CastilloApr 25, 2024

Summarized from public sources; check the original articles before acting on it.