Power management company Eaton to invest US $85M in Querétaro

The U.S. power management company Eaton announced last week that it will expand operations in Querétaro, where it currently manufactures equipment for subway power lines, including connectors and lightning arresters.

With an investment of US $85 million, the company’s plans include upgrading the location’s equipment and expanding the space by 92,500 square feet, to increase manufacturing capacity in Querétaro by 50%. The expansion is expected to begin in 2024.

When complete, the company expects upgrades to increase capacity at their Querétaro plant by 50%. (Eaton/X)

Recent investments by Eaton total $750 million in the North American region alone, including an $80 million investment in its El Paso, Texas plant to increase production of circuit breakers, switchboards, panelboards and other assemblies. 

Components manufactured by Eaton are used in the mining, rail, gas and petroleum and data management industries. 

“We are delighted to expand our operations to meet the growing demand from electric utility companies throughout the Americas,” said Mike Yelton, president of Eaton’s electrical sector in the Americas region. 

Eaton has 22 manufacturing plants in Mexico, in 11 states. The Bajío region, which includes Querétaro, is home to seven Eaton locations, employing more than 5,000 people. The company expects to create an additional 300 jobs. 

Eaton control room
Eaton produces a range of power management solutions for major energy consumers, such as rail and data management firms. (Eaton)

Eaton was certified as a “Top Employer in Mexico 2023” by the Top Employers Institute for the fourth consecutive year. The company employs approximately 92,000 people worldwide.

After Querétaro, Eaton’s Ciudad Juárez plant is next in line for an expansion, according to a company press release.

With reports from El Economista, Expansión and Mexico Now

1 COMMENT

Have something to say? Paid Subscribers get all access to make & read comments.

Opinion: What would a regional utopia look like? Part 7

0
This summer's World Cup is the perfect excuse to lock in permanent structures that turn the pitch into the place where Mexico, the U.S. and Canada finally play as one team, Pedro Casas writes.
Cars for sale

Mexico sets a new record for car sales in the first 4 months of the year

0
While auto exports have been working their way back from a slump, car sales in Mexico keep humming along, topping the half-million mark for the January-April period for the first time.
Revolut logo signboard on modern office building in Vilnius, Lithuania on May 30, 2021. Revolut is financial technology company that offers banking services

With US $64M in April, digital bank Revolut has invested $167M in Mexico in less than half a year

0
Having received 3.75 billion pesos in deposits just nine weeks after its launch, Revolut is taking full advantage of what's turning out to be a ravenous appetite among Mexicans for digital banking services.
BETA Version - Powered by Perplexity