ITT Motion Technologies will invest 40 million dollars in its Guanajuato plant

The transnational ITT Motion Technologies will invest around 40 million dollars in its plant located in Guanajuato Puerto Interior .

This Italian company is a global producer of brake pads, shock absorbers and other components for the automotive and rail market ; and that in 2018 it arrived in Guanajuato where it manufactures its products to supply the North American market . 

With this injection of capital, it will increase its physical presence to offer more than 111 jobs and production in its brake systems , to contribute to the automotive hub offered by the state. 

The news was confirmed by Diego Sinhue Rodríguez Vallejo, governor of Guanajuato, at the close of the first week of his 2021 Investment Attraction Tour in Europe. 

"Italy is a great commercial ally of Guanajuato, today we are closing a very successful agenda in this country, with an announcement of a new investment of forty million dollars and the generation of 111 direct jobs and more than 300 indirect ones," he said.

Globally, ITT is dedicated to the automotive, aerospace, industrial and energy industries; is a world leader in the production of vehicle brake pads and has significant technological advancements and innovative integrations for electric vehicles.

Currently, the Italian company is a supplier of cars such as Tesla Cybertruck , Ford Mustang , Cadillac and Jeep Grand Cherokee , among others; So they are committed to safeguarding the environment before, during and after their production processes with qualified personnel. 

“We seek avant-garde investments with a high environmental commitment and sustainability, in addition to guaranteeing permanence in the face of global changes such as the consolidation of the electric car markets, in order to offer our young people the possibility of developing in an economic ecosystem of the knowledge, "he added.

The Guanajuato Committee and the ITT Motion Technologies board were present at the closing of this investment , led by Carlo Ghirardo, senior vice president and president of the Value Center Motion Technologies; as well as Mathieu Lemonnier, Director of the Mexico Plant and Alexandre Clodot, Chief Financial Officer of North America.