German Company Siemens Invests $50 Million Dollars in Mexico

Siemens invests US50 million in Querétaro
February 2, 2011 - 23:21Credit:Roberto Morales / Posted in The Economist
El Marques, Qro. The German company Siemens will invest $ 50 million in facilities and construction of research and development centers for high voltage equipment at this location.

By 2015 plans to create 500 new jobs in Querétaro Siemens plants.

Yesterday, Siemens laid the foundation stone of an assembly and testing plant that has an area of 10.000 square meters. He also announced that two new research centers will be opened for development of innovative products tailored to American markets.

"Siemens is not only taking advantage of the significant advantages we offer to produce, but is still a pioneer in the transformation that we are pushing for stronger as a knowledge economy," said Bruno Ferrari, Secretary of Economy.

Production

Industrial Park In The Marquess manufacture equipment for high voltage systems in a plant with an area of 4,000 square meters.

The largest engineering conglomerate in Europe has signed agreements to provide services ProMéxico to facilitate the transfer of the German operations to Mexico.

The firm operates 12 manufacturing and service facilities in Mexico, which makes everything from high-voltage substations and electric motors, to lamps, auto headlights and engine and gas turbines, among other products.

"Siemens is well prepared to meet the demand for efficient high-voltage equipment in Mexico. At the same time, this plant (El Marqués) will serve as a platform for exports to Central America and the United States, "said Wolfgang Dehen, CEO of Siemens Energy.

The investment in a context in which the federal government seeks to attract European companies to Mexico to reduce costs by locating in the dollar and have a cheaper production platform.