nVent to open new 400,000 sq ft U.S. factory, adding 200 jobs by mid-2027 to meet rising infrastructure demand

nVent Electric plc is expanding its manufacturing capacity with a new 400,000-square-foot facility in Goodyear, Arizona, set to start production by mid-2027. This expansion aims to meet growing demand for engineered buildings, including prefabricated electrical houses used in power utilities, data centers, and industrial infrastructure. The new site will create over 200 manufacturing jobs in the Phoenix area, supporting faster deployment of critical power infrastructure. This move follows another recent expansion in Kansas, reflecting nVent's strategy to scale up amid increasing infrastructure investments.

nVent Electric's stock price on Pluang is USD 131.03 as of Oct 27, 2026 18:42 WIB, showing a 1.43% increase over the day. The company has a market capitalization of $20.91 billion, reflecting its significant presence in the industrial sector. Trading volume is 2,138,903 shares, indicating active investor interest around the time of this manufacturing expansion news.