Mexico. Siemens continues to consolidate its industrial leadership in Mexico, Central America and the Caribbean with additional investment aimed at expanding its operations in Querétaro and Nuevo León.
In 2022, the company laid the first stone of the Mitras project in Nuevo León, an industrial expansion focused on plastic injection processes, with an initial investment of approximately $1,220 million pesos to increase production capacities in the region. This project concluded in 2024.
Last year, the "greenfield" project was inaugurated in the Kaizen Industrial Park, announced at the end of 2023, and optimization operations began at the Balvanera plant, both in Querétaro. These initiatives contemplated, at the time, a joint investment of approximately $1,090 million pesos.
Currently, Siemens reinforces its commitment to both regions by allocating additional resources for the consolidation of these manufacturing sites. In the case of Mitras (an expansion of the plant in Santa Catarina with almost two decades of operations and an annual production of more than 33 million electrical switches), additional investments are planned to increase the capacity of the molding plant and improve the support of low-voltage products for the industrial sector. During fiscal years 2025 and 2026, approximately $131 million pesos are planned for this purpose.
For its part, the medium voltage products plant in Balvanera, with almost 40 years of continuous operation, remains one of Siemens' strategic pillars in Mexico. The modernization project includes the renovation of buildings and machinery, the digitalization and automation of processes, as well as the increase of capacity in the prefabrication area through the acquisition of equipment for painting, bending and punching.
The total projected investment for this site, together with the already completed Kaizen Industrial Park, amounts today to approximately $1,874 million pesos, which represents around $784 million pesos additional to those announced in November 2023.
These investments not only strengthen Siemens' production capacity, but also consolidate its modernization, digitalization and sustainability strategy at a global and regional level, totaling approximately more than $3,200 million pesos of investments announced in the last two years.
Alejandro Preinfalk, president and CEO of Siemens Mexico, Central America and the Caribbean, said: "These investments reflect our confidence in Mexico as a strategic driver for industrial innovation in the region. By strengthening our operations in both locations, we not only expand our production capacity, but also reaffirm our commitment to technological development, sustainability and the generation of local value."
This confidence of the multinational in Mexico is in addition to the industrial presence of Siemens in other regions of the country, such as Ciudad Juárez, Chihuahua (manufacture of bases for meters, load centers and components for brakes and switches); Vallejo, Mexico City (assembly center); and Guadalajara, Jalisco (logistics and customer service center).
