WEG has announced the acquisition of a new piece of land in the city of Atotonilco de Tula, state of Hidalgo, Mexico.
Located in front of the largest manufacturing site of the Company in the country, the land has a total area of 640,000 m² (6,900,000 ft²) and is part of the long-term strategy to increase the productive capacity and expansion of the Company in the country. WEG invested US$ 40 million in the acquisition of the new space.
“This is a fundamental investment to support WEG's growth in the future, as it strengthens our position in one of the largest markets in the world for the Company's product portfolio. In addition, with this investment we will be able to continue growing, both in production capacity and in the verticalization of operations, following our modular expansion strategy”, explains André Luis Rodrigues, CFO of WEG.
The proximity of the new land to WEG's largest manufacturing site in the country will facilitate the integration of production processes and the verticalization of Mexican operations in the future, as well as the logistics process, allowing to share resources from the support areas between the units.
WEG has been present in Mexico since the year 2000 and has five factories in the country: two in Huehuetoca, producers of electric motors and transformers, one in Tizayuca, specialized in the manufacture of transformers, and two in Atotonilco de Tula, where the Company has manufacturing dedicated to the production of electric motors, electrical panels and industrial powder coatings. With the acquisition of the new land, the Company adds more than 1,200,000m² (12,900,000 ft²) of surface area in Mexico, where it currently has around 4,000 employees.