Investment of roughly one billion US dollars Mexican state of San Luis Potosí chosen as location Capacity of around 150,000 units per year Start of production planned for 2019 Krüger: Decision underscores commitment to the NAFTA region
The BMW Group will build a new plant in Mexico in close proximity to the city of San Luis Potosí in the state of the same name. This move is in line with the company’s clear strategic policy of ensuring globally-balanced growth.
“Mexico is an ideal location for the BMW Group and will be another important plant within our production network. We will invest one billion US dollars in the new production site over the next few years. Production is planned to start in 2019 and during that year, the workforce will reach around 1,500 people,” said Harald Krüger, member of the BMW AG Board of Management, responsible for Production.
Over the medium term, several thousand jobs will be created on the plant site and in the surrounding area. The company will announce which BMW models will be built at the San Luis Potosí location at a later date.
“This decision underscores our commitment to the NAFTA region. We have been building BMW cars at our US plant in Spartanburg for the past 20 years. With a planned annual capacity of 150,000 units for the new plant in Mexico, the BMW Group will be even better positioned to take advantage of the growth potential in the entire region,” Krüger said. “The Americas are among the most important growth markets for the BMW Group. We are continuing our strategy of „production follows the market‟,” he continued.
The company made the announcement at the “Los Pinos” Official Residence of the President in Mexico City today. The ceremony was attended by Mexican President
Source: BMW Group