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Swiss Firms Franke and ABB Launch $94 Million Expansion in San Luis Potosí

A technician academy with ramped-up power technology output underscores Swiss-Mexican industrial collaboration.

Overview

  • The expansion is expected to create more than 2,000 direct jobs, with Franke opening with 200 employees and ABB’s plant set to reach over 1,600 workers.
  • Franke’s $82 million factory will produce kitchen equipment for export to U.S. restaurant chains and is projected to grow to 500 staffers.
  • ABB is investing $12 million to boost production of medium- and low-voltage distribution technology essential for Mexico’s national grid.
  • Franke’s new Escuela Franke has begun training local technicians in high-precision welding to support advanced manufacturing operations.
  • In 2024 Swiss firms invested $540 million in Mexico, making Switzerland the country’s ninth-largest foreign investor and reflecting growing confidence in high-value manufacturing partnerships.