Mississauga, Ont., June 19, 2023 – Festo is investing $100 million to build a plant in Monterrey, Mexico to reinforce supply-chain resilience for key products used in the Americas. It highlights the company’s “Local for Local” philosophy to position it closer to specific markets with great growth potential.
Construction has begun, with initial production slated for 2025. Once in operation, the plant will provide automation products and solutions for sectors in the Western Hemisphere, such as automotive, mining, pharmaceuticals and electronics.
The plant site is located in the renowned “Interpuerto Monterrey” industrial park, where other well-known international companies and customers also have manufacturing facilities. It’s located near the city’s airport, as well as Festo Monterrey facilities, and is only 200 km from the U.S. border.
Monterrey is one of the most important industrial locations in Latin America, with international universities and well-trained professionals. Festo is well-connected there with important customers as well as relationships with the technical universities. It also maintains a Festo Didactic training centre and sales office in the city.
Festo at a glance
Festo, the world’s leading supplier of automation technology and technical education, is deploying its products and services to meet the challenges of digitization and smart production. Founded in 1925, the family-owned company based in Esslingen, Germany supports a wide range of needs for advanced solutions in factory and process automation. In Canada, Festo has been supporting Canadian industry for over 40 years, continuously elevating the state of manufacturing in this country with innovative products, optimized motion control solutions and unrivalled support. Globally, some 300,000 customers put their trust in the company’s pneumatic and electric drive products and technology. In addition, Festo Didactic provides state-of-the-art training equipment and educational programs for industrial companies and educational institutions – about 56,000 customers worldwide. The Festo Group registered sales of around €3.35 billion in the 2021 financial year and is represented worldwide at 250 locations with about 20,700 employees. About seven per cent of its annual turnover is invested in research and development.
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