Atotech invests 169.4 million pesos in a new plant in Querétaro
México Industry | July 18, 2022 |

The company Atotech de México opened the doors of its new plant in Querétaro, which represented an investment of more than 169.4 million pesos. The generation of a hundred jobs is expected with this opening.

Peter Frauenknecht, CFO of Atotech Global, highlighted the strategic location of the Airport Industrial Park, which they chose for this location, as one of the strengths for choosing Querétaro as the site for their new plant.

And it is that he highlighted that the area is distinguished by self-sufficiency, the ecological approach, the proximity to clusters, as well as the transport routes. In this vein, he shared that the company adds a competitive advantage that gives them the opportunity to offer a better service to customers in Mexico and North America.

Check here: US companies will invest 40 billion dollars in Mexico

Notably, Atotech is a leading specialty chemicals technology company, providing equipment, software and services to support a variety of end markets, including smartphones and other consumer electronics, computing and communication infrastructure, as well as numerous industrial applications.

In addition, it provides technical solutions for the world's surface finishing industries, through a combination of innovative chemistry and world-class equipment, continuously investing in research and development, a condition that allows us to offer the most innovative and sustainable products.

Of interest: Mexico's growth forecast rises to 1.77% by 2022

In his speech during the opening ceremony, Marco Antonio del Prete Tercero, head of the Secretariat for Sustainable Development of Querétaro, reported that, of the manufacturing industry, chemistry is the second subsector that has contributed the most foreign direct investment to the state in the first three months of 2022.

Likewise, he emphasized that, from 1999 to the first quarter of this year, Querétaro has attracted more than 1,100 million dollars from German capital, from which Atotech originates, with which the country ranks as the fourth historical commercial partner of the entity.

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