Volex Opens Manufacturing Plant in San Luis Potosi

Volex has opened a new 15,000m2 manufacturing plant in San Luis Potosí, a project that will allow the company to triple its production capacity, strengthen its global footprint and generate more than 2,000 jobs in the state. The facility, located in the Milpillas area along Periferico Norte and the Mexico–Laredo rail line, positions the British manufacturer within one of Mexico’s most competitive industrial corridors. State officials said the investment underscores San Luis Potosi’s manufacturing momentum, driven by strong technical talent, stability and robust infrastructure.

The plant will produce power and interconnection solutions, including wiring harnesses, power cables, electrical systems, and high-quality components used in sectors such as automotive, home appliances, telecommunications, technology, and industrial equipment.

The new complex replaces the former operations of Prodamex, a company acquired by Volex. Its previous site, an aging 5,000m2 facility on the Zacatecas highway, had reached full capacity. With 15,000m2 of space and room to expand to 30,000m2, the new plant gives Volex the ability to scale significantly within its global manufacturing network.

Marco Antonio Quintero, General Manager, Prodamex, said rising demand and customer growth prompted the decision to expand. He noted that process reengineering efforts in recent years increased sales by 33%, reinforcing the need for a larger, more modern operation.

Volex currently employs about 700 workers in the region but expects to reach 2,000 jobs in the short term. The company said its growth model focuses on innovation, customer proximity, and strong integration with San Luis Potosi’s industrial ecosystem.

Executives acknowledged support from state authorities, business chambers and internal teams that helped drive the project, noting that San Luis Potosi has become a strategic partner for Volex’s global network thanks to its manufacturing expertise, connectivity and availability of specialized talent.

Mexico Attracts MX$20.47 Billion in New Industrial Plants

MBN reported that Mexico recorded MX$20.47 billion (US$1.15 billion) in new investments across 17 industrial projects between Sept. 18 and Oct. 21, reflecting growing confidence among both domestic and foreign companies in the country’s industrial environment. The projects, encompassing new plants and facility expansions, were announced or inaugurated during this period and span multiple states and industries, underscoring Mexico’s sustained manufacturing and logistics momentum.

The reported investments came from Mexico, Japan, South Korea, the United States, Germany, Sweden, China, and India, covering industrial, logistics, and real estate sectors. Among the largest investments were Cloud HQ (United States) with MX$4.8 billion, LG (South Korea) with MX$3.5 billion, APM Terminals México (Mexico) with MX$3.215 billion, Grupo Inmobiliario Monterrey (Mexico) with MX$3 billion, and Daikin (Japan) with MX$1.1 billion. Together, these five projects accounted for nearly 80% of total investments during the period.

The 17 projects span 11 states, including Nuevo Leon, Queretaro, which emerged as the top destinations, attracting high-value, high-tech projects. In Nuevo Leon, major announcements include Hyundai MOBIS (MX$700 million), MillerKnoll (MX$80 million), FINSA (MX$352 million) and Grupo Inmobiliario Monterrey (MX$3 billion). In Queretaro, standout projects include LG (MX$3.5 billion), Cloud HQ (MX$4.8 billion) and Gerresheimer (MX$100 million), consolidating the state’s position as a hub for manufacturing, technology and foreign direct investment (FDI).