EuroGroup Laminations, a manufacturer of stators and rotors for electric motors and generators, has opened a new plant in Querétaro, Mexico to produce products for the EV segment.
The company has committed a total investment of some €50 million to the plant. Following the initial investment in 2016, the sustained growth of the e-mobility market prompted the Group to expand the facility’s 21,000-square-meter footprint by an additional 10,000 square meters.
EuroGroup Laminations plans to double its installed production capacity for the EV segment. The Group now operates 13 plants around the world—7 in Italy, 2 each in Mexico and China, one in the US and one in Tunisia. The Group’s order book for the EV and automotive segment stood at €6.4 billion as of October 2023.
“We are proud to inaugurate the new Mexican plant in Queretaro and thus strengthen our production capacity for the North American EV market for rapid growth to execute orders already received for over 3.5 billion euros to be delivered between 2024 and 2028,” said CEO Marco Arduini. “We are working on the basis of a growth plan that will allow us to increase production by reducing manufacturing time. We also continue to invest in new processes and cutting-edge technologies to ensure unique solutions and the highest quality standards.”
Source: EuroGroup Laminations