“We’ll be there” Industries 4.0 Announce More Investments for Mexico
Amid nearshoring, companies maintain confidence in the country
Driven by relocation or nearshoring, Industries 4.0 (smart factories and automation processes) continue to have confidence in Mexico and have announced investments in research and new plants amounting to as much as 7 billion pesos.
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During a tour organized by the Italian German Exhibition Company Mexico through the states of Mexico, Hidalgo, and Querétaro, companies such as Grupo Endress+Hauser, FAM ELAM, and WEG demonstrated that even though a slowdown is expected for the remainder of the year and political uncertainty lingers due to the upcoming U.S. elections, “nothing will stop them,” and they are continuing with their investment and growth plans.
The companies see opportunities brought by the relocation of businesses, which is why they are also aligned with Environmental, Social, and Governance (ESG) criteria.
In this regard, Miguel Ángel Revilla, Marketing Director of Endress+Hauser, revealed that the company has allocated 1.2 billion euros globally to research and innovation, and for Mexico specifically, 16 million euros were invested in the construction of a smart building.
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Ernesto del Blanco, Chairman of the Board of Ensambladora Latinoamérica de Motores (ELAM), a Mexican capital company and assembler of heavy vehicles associated with China’s FAW, also expressed confidence in the country by investing 7 billion pesos in a production plant in Colima.
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Meanwhile, Víctor Alejandro González, head of digital systems sales at WEG, a Brazilian company based in Querétaro and a leader in electric motor manufacturing, echoed this confidence in Mexico by investing an additional 200 million dollars in two new electric parks. He acknowledged that “in the next 10 years, 80% of vehicles will be electric. And we’ll be there.”
Información publicada originalmente en El Heraldo de México.
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