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Linamar Corp, a Canada-based advanced manufacturing company, plans to invest $60m (C$79.14m) to expand its operations by adding specialised equipment for the production of electric vehicles for its plant in Gomez Palacio, a city in the northern state of Durango in Mexico. The expansion will create 200 new jobs.

Linamar has a wide presence in Mexico, with other plants in Ramos Arizpe and Mieleras that supply parts for the likes of General Motors, Porsche and Toyota. The Gomez Palacio plant falls under Linamar’s mobility division, which is split into three geographical areas: North America, Europe and Asia-Pacific.

The company was founded in Canada by a Hungarian immigrant in 1966, and today has operations in Bulgaria, Canada, China, France, Germany, Hungary, India, Japan, Mexico, South Korea, Spain, the UK and the US. It has more than 28,000 employees worldwide.

Mexico has established itself as a hotbed of automotive manufacturing in recent decades, and has attracted myriad foreign investors in this time. In 2023 alone, it has attracted large investments from the likes of Kia, Aptiv, Xusheng and BorgWarner.

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By GlobalData