# ITP Aero opens two new hangars in Querétaro, Mexico after €28M investment

ITP Aero has inaugurated two new hangars for casting production and logistics in Querétaro, Mexico, following a €28 million investment. The expansion is expected to create 250 jobs over three years.

- Type: Expansion
- Announced: 2024-10-30
- Where: Querétaro, Mexico
- Value: $30.4M (28.0M EUR)
- Jobs: 250
- Starts operating: 30 Oct 2024
- Status: completed
- Products: aircraft engine components, castings
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [ITP Aero](https://endata.com/companies/3897.md)

## Sources

- [expansion.com](https://www.expansion.com/pais-vasco/2024/10/30/672254fc468aeb95718b456e.html), 2024-10-30: "ITP Aero ha puesto en marcha dos nuevas naves en Querétaro (México) para producción de fundidos y logística, tras la inversión de 28 millones de euros."
- [mexicobusiness.news](https://mexicobusiness.news/aerospace/news/itp-aero-invests-mx580-million-queretaro-facility-expansion), 2024-10-31: "ITP Aero Mexico, a leader in aerospace manufacturing, has inaugurated the expansion of its production facility in Queretaro with an investment of over MX$580 million (US$29 million), creating 250 new jobs."
- [promexicoindustry.com](https://www.promexicoindustry.com/en/article/itp-aero-expands-in-quertaro-with-new-facilities-and-workforce-growth), 2024-11-07: "ITP Aero México has expanded its production center in Querétaro with an investment exceeding 580 million pesos."

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