Mexican President Claudia Sheinbaum Pardo announced that WEG will invest $250 million in a new plant in Hidalgo state between 2027 and 2030. The project is expected to create 2,000 direct local jobs and 4,000 indirect jobs.
Sheinbaum said the project would support growth by enabling equipment to be produced in Mexico. The investment is part of Plan Mexico.
Economy Secretary Marcelo Ebrard Casaubon said WEG is one of the world’s largest manufacturers of generators, alternators and transformers. He described the company as important to the expansion of industry, data centres and artificial intelligence.
