Bosch announces $248 Million USD investment in Monterrey
With an investment of $248 Million USD, the Bosch Group —through its subsidiary BSH, Europe’s leading manufacturer of household appliances— will open a large home appliances manufacturing facility in Monterrey, its first in Mexico, in order to expand its business in the Americas.
Carla Kriwet, CEO of BSH, announced that construction will begin in the summer of this year and production will start in 2024, with the capacity to generate up to 600,000 units annually.
“The refrigeration appliances to be produced at the new facility are specifically tailored to the large storage capacity needs of consumers in the North American market,” Ms. Kriwet highlighted.
On the other hand, Iván Rivas, Secretary of Economy of the State Government of Nuevo Leon, mentioned that the positive aspect of this investment is that it means that international corporations have confidence in the State.
“The new investment boosts the economic growth strategy implemented by the Governor of Nuevo Leon, Samuel García, to turn the State into an important generator not only of wealth, but also of employment,” he said.
The 430,000 square meter facility will be located in the Interpuerto Monterrey industrial park in the municipality of Salinas Victoria, in the northern part of Monterrey’s metropolitan area.
Michael Neumann, appointed as BSH’s technical leader in Mexico, highlighted the characteristics of Monterrey as an investment destination for its new facility.
“In Monterrey we have all the necessary conditions to operate a production plant that will set a new standard. We will create around 1,500 skilled jobs in the region and we are committed to supporting local development”.
The Bosch Group is a leading global supplier of technology and services and employs around 401,300 people worldwide.
“(The facility) will be an important pillar of the company’s growth strategy in the Americas and our worldwide production network ” Kriwet said.
Rene Schlegel, President of Bosch Mexico, pointed out that the investment responds to the infrastructure characteristics.
“Mexico has a very good infrastructure, a well-developed supplier network and a skilled and specialized workforce, which makes it an excellent location for BSH production.”
The new facility in Mexico, he noted, will meet high standards of sustainability and efficiency, not only in terms of construction and the materials it will use, but also in factory operations.
This project positions Monterrey as an international hub for home appliances manufacturing and reaffirms its place as Mexico’s top producer in this industry, representing 21% of the national total production.