News
BMW Group to Build Plant in Mexico.
Issued at 2014-07-08
Tweet
The BMW Group will invest $1 billion over the next few years to build a new plant in Mexico in close proximity to the city of San Luis Potosí. Production is scheduled to begin in 2019. The project is expected to create around 1,500 jobs. BMW will announce which models will be build at the site in the future, but the annual capacity calls for 150,000 units.
This news follows the company's announcement in March that it will invest $1 billion at its existing plant in Spartanburg, S.C., to increase annual production capacity to up to 450,000 vehicles by the end of 2016. The BMW Group is also currently building a plant in the state of Santa Catarina in Brazil.
Source: Industrial Heating
Tweet
Related News
- Stay Ahead in Nonferrous and Lightweight. Follow Diecasting & Nonferrous China 2026
- European Foundry Industry in Transition – New Opportunities Through the Defense Sector
- Global pig iron production fell by 4.4% y/y in October
- India sharply increased iron ore imports by more than 200% y/y in January-October
- EU plans to limit exports of aluminium scrap
- Calderys Group celebrates 160 years of innovation and industrial excellence
- Foundries in Transition: Why Humanoid Robots Are Now in Demand
- Iron ore exports from Brazil increased by 5.7% y/y in January-October
- See all News
