Siemens vows to invest US$ 200 million, create 1000 jobs in Mexico

Germany-based multi-sector company Siemens announced US$ 200 million investments in Mexico over a 10 years’ period to create up to 1,000 direct jobs.

Siemens’ CEO Joe Kaeser and Mexican Ministry of Economy Ildefonso Guajardo signed a Memorandum of Understanding aimed to support several projects on key fields such as Energy, Healthcare and Education.

Some of the investment will lead to expansions on its six Mexican production facilities, which currently employ 3,000 workers. The company also plans to invest in technological innovation, industries digitization and value chain development to boost small businesses growth. 

“We are committed to support Mexican agenda in energy, infrastructure and development of new manufacture processes,” said Louise Goeser, Siemens Mexico CEO.

Siemens revenue in Mexico reached US$ 1.59 billion last year, making the country one of the top 10 markets for company, said Goeser.


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