Trane invests US$18 million in Nuevo Leon

NUEVO LEON - Trane, a leading company in the manufacture, installation and maintenance of air conditioners, announced the expansion of its production plant in Monterrey, Nuevo Leon; which consisted of an expansion of 10,000 square meters for the manufacture of products for the residential sector aimed at the U.S. market.

"This expansion represents a 40% growth in exports to the United States and the possibility of generating more than 200 new jobs in the region," said Daniel Cordova, director of the Trane Monterrey plant.

The expansion of the Trane Monterrey plant adds to the nearshoring phenomenon in terms of foreign investment in the state of Nuevo Leon, in which around 30% of the projects are focused on the manufacturing industry.

In addition, historically, the state has been the preferred destination of foreign companies for the manufacture of air conditioning, heating and industrial and commercial refrigeration equipment, who have invested more than one billion dollars² since 1999.

"This project also reinforces the global team's confidence in the high quality standards and the ability of our equipment and facilities to meet market expectations. With this expansion, we will be able to meet the growing demand for our products and services inside and outside the country, in addition to creating new jobs and boosting the local economy," said Córdova.

The investment for this expansion amounts to US$18 million and is focused on adapting the facilities for the manufacture of a 3 to 5 ton residential package, a highly demanded equipment in the United States, but which was previously manufactured in the eastern part of the neighboring country.

"The geographic location of our plant puts us right in the middle of the United States, this will allow us to be able to distribute this product to any part of the country in a more strategic way," added Daniel Córdova, who also serves as president of the Nuevo León Appliance Cluster.

The entry of this new product also opens the door to the Mexican plant, the residential market, as it focused mainly on the manufacture of compressors 4 to 300 tons, scroll and screw type; as well as the manufacture of air conditioning units Split type and package system in low and high tonnages, both focused on the commercial and light commercial market.