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US heater maker Watlow inaugurated its fourth Mexican plant in El Marqués, Querétaro, investing 420 million pesos to expand electric heater and sensor production and employing 1,315 people there.
Watlow and Global Standard Technology Co., Ltd. formed a South Korean joint venture named Watlow Pacific Inc. to strengthen Watlow's semiconductor presence in the region.
Watlow, a thermal systems designer and manufacturer, has acquired Yarbrough Solutions Worldwide of Austin, Texas, a semiconductor equipment solutions provider. Terms were not disclosed.