Company will increase North American presence with new factories in Texas, Mexico
For American reshoring enthusiasts, this one's a home run. Schneider Electric, one of the world’s largest industrial-tech companies, is bolstering it's North American presence. As featured this week in the Wall Street Journal, Schneider reportedly plans to open new factories in Texas and Mexico as part of "a regional manufacturing strategy."
Said factories are set for El Paso and Monterrey, and will make items such as circuit breakers and electrical panel boards, adding to its 35 factories and distribution centers in North America. It also plans to expand its Tlaxcala, Mexico, plant, WSJ said.
The company said "it has started working with North American suppliers and is encouraging some of its suppliers elsewhere to set up factories in the region as it builds a local supply chain for materials such as nickel and lithium," according to the report.