Bosch to open a US$ 80 million plant in Queretaro by the end of year
German auto supplier Bosch works the details to start operations at a new production site in Queretaro, central Mexico, by the end of this year after a US$ 80 million investment, company officials revealed.
While the facility will focus on the production of steering systems, it was conceived considering future upgrades so it could shelter more projects related to braking and other automotive systems.
The amount of jobs Bosch estimates to create in this endeavor is still under review.
According to Gonzalo Simental, Vice President for Finance at Bosch Mexico, the company currently sees Queretaro “as a center of gravity that brings us closer to our customers, especially in the automotive corridor,” he said in an interview to El Financiero.
Simental highlighted the company’s access from Queretaro to different customers in the Bajio corridor, such as General Motors, Mazda and Honda, aside from Toyota and BMW currently building assembly plants in the region.
In addition, through the North Arc, Queretaro has connection with Puebla, home to Volkswagen and Audi facilities.
– Bosch ended 2016 with 32,800 employees, US$ 450 million investments in NAFTA region
– Chinese firm acquires Bosch’s Starter Motors division; deal includes assets in Mexico
– Bosch agrees to pay US$ 327 million in dieselgate-related settlement