According to a report from Reuters, Germany-based Siemens plans to replace some of the US-produced steel and plastic used at its nine Mexican factories with locally-sourced products over the next decade in order to strengthen domestic businesses.
The company manufactures machinery, low and high voltage equipment for homes and companies, transformers, and motors and blades for turbines at its Mexican plants. Siemens said it plans to spend approximately MXN 9.3 billion ($497 million) per year on locally sourced products, up from current levels of about MXN 6 billion ($322 million).
According to a spokesperson from Siemens, the company wants 80 percent of its goods and services used in its Mexican factories to come from local suppliers over the next decade, double the current amount.