# 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.

- Type: New facility
- Announced: 2024-04-25
- Where: Querétaro, Mexico
- Value: $65.0M (60.0M EUR)
- Jobs: 700
- Status: announced
- Products: connectors, cables, sensors
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md), [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Phoenix Contact](https://endata.com/companies/17065.md)

## Sources

- [publimetro.com.mx](https://www.publimetro.com.mx/queretaro/2024/04/25/anuncian-dos-nuevas-inversiones-en-queretaro-por-mil-165-mdp/), 2024-04-25: "Querétaro is one of the most important investments for Phoenix Contact. This year we are going to invest more than 60 million euros."

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