(Corrects description of product to be made in new plant; corrects title of mother or father firm to Bosch Group from Bosch Ltd)
MEXICO CITY (Reuters) -Expertise provider Bosch Group on Wednesday introduced plans to assemble a 4.3 billion peso ($215 million) plant within the central Mexican state of Queretaro.
Its subsidiary Bosch Rexroth will produce parts for cell functions designed for equipment, in keeping with a press release from the corporate.
The plant will occupy 42,000 sq. meters (452,080 sq. toes) and is about to begin operations subsequent yr, creating greater than 900 jobs.
“We will develop a stronger regional provide chain,” President and Chief Govt Officer of Bosch Rexroth North America Greg Gumbs mentioned within the assertion.
The corporate has introduced investments in Mexico of about 15 billion pesos in latest months to increase crops within the states of Queretaro and Aguascalientes, and a brand new manufacturing website in Nuevo Leon.
($1= 19.9840 Mexican pesos)
(Reporting by Raul Cortes Fernandez; Writing by Valentine Hilaire; modifying by Jonathan Oatis)