Ashcroft announces an investment of 241 million pesos in Querétaro

The manufacturing center of the American company will be located in the Puerta Querétaro industrial park, where pressure and temperature measurement instruments will be produced.

Querétaro, Qro. The American company Ashcroft – dedicated to the manufacture of pressure and temperature instruments – will install a production plant in Queretaro’s metropolitan municipality of El Marqués.

The firm will invest 241 million pesos in this project, planning to generate 150 highly specialized jobs.

The manufacturing center will be located in the Puerta Querétaro industrial park, where pressure and temperature measurement instruments will be produced.

The investment announcement was made official in a meeting between Ashcroft CEO, Steven Culmone, and the Secretary of Sustainable Development ( Sedesu ), Marco Antonio del Prete Tercero.

Ashcroft, founded in 1852 and based in Connecticut, United States, is a benchmark in the manufacture of pressure and temperature instruments such as pressure gauges, standard pressure gauges and thermometers. It has manufacturing centers in Mexico City, Brazil, Germany, Switzerland, the Netherlands, Malaysia, China and Singapore.

American investment

The United States is the main issuer of foreign direct investment ( FDI ) to Querétaro, accumulates 6,036.4 million dollars from 1999 to the first semester of 2020, contributes 33.6% of the total investment that the state has received, according to records from the Secretariat of Economy (SE).

In the first half of 2020, the state received 257.7 million dollars of US foreign investment, mainly in the first half of the year when it added 224.6 million and in the second quarter 33.1 million dollars.

Source: El Economista

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