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EuroGroup Laminations, a producer of stators and rotors for electrical motors and turbines, has opened a brand new plant in Querétaro, Mexico to provide merchandise for the EV section.
The corporate has dedicated a complete funding of some €50 million to the plant. Following the preliminary funding in 2016, the sustained progress of the e-mobility market prompted the Group to broaden the power’s 21,000-square-meter footprint by a further 10,000 sq. meters.
EuroGroup Laminations plans to double its put in manufacturing capability for the EV section. The Group now operates 13 vegetation all over the world—7 in Italy, 2 every in Mexico and China, one within the US and one in Tunisia. The Group’s order ebook for the EV and automotive section stood at €6.4 billion as of October 2023.
“We’re proud to inaugurate the brand new Mexican plant in Queretaro and thus strengthen our manufacturing capability for the North American EV marketplace for fast progress to execute orders already acquired for over 3.5 billion euros to be delivered between 2024 and 2028,” mentioned CEO Marco Arduini. “We’re engaged on the idea of a progress plan that can enable us to extend manufacturing by decreasing manufacturing time. We additionally proceed to spend money on new processes and cutting-edge applied sciences to make sure distinctive options and the best high quality requirements.”
Supply: EuroGroup Laminations
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