Robert Bosch, a Germany-based engineering and technology company that manufactures domestic appliances, has announced plans to expand its facility in Aguascalientes, Mexico. The company had planned to invest $75.3m before in its operations in the city but has now increased the investment to $258.2m. This development will create 400 new jobs.
The facility will produce new brake technology (known as electronic parking brakes) for brands such as Tesla, BMW, and Nissan.
Robert Bosch was founded in the town of Gerlingen in 1886, and its business is now broken down into four areas: mobility, consumer goods, industrial technology, and energy and building technology. It has operations in more than 60 countries, employing more than 400,000 people.
The news comes as yet another boost to Mexico’s economy, which has benefitted from the nearshoring trend of recent years, and companies wanting access to the lucrative North American market increasingly eschew Asian destinations – due to post-Covid supply chain worries and concerns about the US trade war with China – take advantage of its skilled (and relatively cheap) labor.
Aguascalientes sits in central Mexico and is one of the smallest states in the country. Its population is about 1.3 million. One renowned for its silver mining, Aguascalientes is now known for being an industrial hub in Mexico, particularly the car industry, with the state hosting major operations for the likes of Nissan and Toyota.
Source: El Heraldo de Aguascalientes