The Italian company invested 50 million euros to ramp up its EV components manufacturing capacity
Autore: By InnovationOpenLab
"We're proud to inaugurate a new Mexican plant in Queretaro and thus strengthen our production capacity for the North American EV market, to fulfill already received orders for more than 3.5 billion euros". This is how Marco Arduini, CEO of EuroGroup Laminations, sums up why his company is going to invest 50 million euros for a new Eurotranciatura Mexico manufacturing plant.
EuroGroup Laminations designs and manufactures stators and rotors for electric motors and generators and was already present in South America through Eurotranciatura Mexico. It invested here, back in 2016, to start manufacturing components for the automotive and EV markets.
Then the sustained growth recorded in the e-mobility market prompted the Italian company to activate a site development program. With new 10,000 square meters of plant for the EV and Automotive segment adding to the existing 21,000 square meters.
The new facilities were built meeting high standards of innovation and sustainability, with an emphasis on decarbonization and circular economy. The expansion of the production site in Mexico also marks a key step in EuroGroup Laminations' growth path, with a doubling of installed production capacity for the electric vehicles market.
"We are working on the basis of a growth plan that will allow us to increase production while reducing manufacturing time. We also continue to invest in new processes and cutting-edge technologies to ensure unique solutions and the highest quality standards," Arduini says in this regard.
The new Querétaro site adds to EuroGroup Laminations' global production fleet, which now consists of 13 plants. Seven are in Italy and six abroad: two in Mexico and China, one in the United States, and one in Tunisia. All the plants contribute to fulfilling orders already received by the company in the EV and Automotive fields. Orders that as of October 2023 amounted to a record 6.4 billion euros.