Siemens Grows Investment in Nuevo Leon, Queretaro to MX$3.2B

Strengthening its role as a manufacturing and technology leader in Mexico, Central America, and the Caribbean, Munich-based Siemens announced an additional investment of MX$3.2 billion (US$172.8 million) in Nuevo Leon and Queretaro. 

The German multinational allocated an additional MX$131 million (US$7 million) to its Mitras plant in Santa Catarina, Nuevo Leon, bringing its investment in that location to MX$1.35 billion (US$72.4 million). The funds will expand molding capacity and improve support for low-voltage industrial products.

“These investments reflect our confidence in Mexico as a strategic driver of industrial innovation in the region,” said Alejandro Preinfalk, President and CEO, Siemens Mexico, Central America and the Caribbean. “By strengthening our operations in both locations, we are not only expanding our production capacity but also reaffirming our commitment to technological development, sustainability, and local value creation.”

In Queretaro, Siemens is investing an additional MX$784 million (US$42 million) in its Balvanera and Kaizen plants, totaling MX$1.87 billion (US$100 million) in the state. The projects include modernizing facilities, acquiring new machinery, and enhancing digitalization and automation processes.

Siemens’ recent expansions built on the Mitras project, launched in 2022 with a MX$1.22 billion (US$65.4 million) investment in injection molding, completed in 2024. The company also inaugurated its Kaizen greenfield project in Queretaro last year, along with optimization work at the Balvanera facility.

Siemens maintains an industrial presence in Juarez, Chihuahua; Vallejo, Mexico City; and Guadalajara, Jalisco. Together, these facilities support the company’s strategy of modernization, digitalization and sustainable growth in Mexico.

In related news, MBN reported that Siemens Energy announced it will redirect over 80% of the funds it typically allocates for logistics and hospitality for its COP30 delegation toward a long-term educational program in the Amazon region. The Educating to Energize initiative will offer two-year technical courses to socially vulnerable students in Belém, with the goal of training them for work in energy transition projects.

The pilot project has an initial investment of approximately US$260,000. The program, which began internal planning in 2024, is the result of a partnership with the German Society for International Cooperation (GIZ), the Federal Institute of Pará (IFPA), and the Fundação de Apoio ao Instituto Federal da Paraíba (FUNETEC). In addition to training, the project includes scholarships, educational materials, and new laboratory equipment for practical classes.

Initially, 160 students with completed secondary education will be offered spots for the two-year courses. The training will cover basic engineering skills, such as electrical installation and transmission line maintenance, as well as advanced skills in installing photovoltaic systems and emerging topics like wind energy, electric mobility, energy storage, energy efficiency, and green hydrogen.