Spanish firm commits to invest in satellite center in Yucatán

Spanish aerospace manufacturer Elecnor Deimos is planning to invest US $130 million to build a satellite production plant in Yucatán.

Executives from the company and Yucatán Governor Mauricio Vila Dosal signed a letter of intent for the project during a meeting at an Elecnor Deimos factory in the Spanish city of Puertollano.

Once feasibility studies have been completed, the plant is expected to be built within two years. It is unclear exactly where in Yucatán it will be located.

Elecnor Deimos will employ about 200 aerospace engineers at the new facility as well as other specialized staff such as programmers. The plant will generate an additional 600 indirect jobs, the Yucatán government said in a statement.

Vila highlighted that Yucatán will be the first state in Mexico where communication and research satellites will be made. The opening of the plant will place the state at the “forefront” of the aerospace industry, he said.

Vila also spoke to Elecnor Deimos executives about the company’s commitment to invest US $700 million in two wind farm projects in the municipalities of Panabá and Sucilá.

Construction of the projects will create 1,000 jobs and once they are operational, the wind farms will have the capacity to generate enough power for 500,000 homes.

Elecnor Deimos’ commitment to invest in Yucatán is the result of Vila’s attendance at the 2019 Paris Air Show, the state government said.

Source: El Universal (sp) 

Have something to say? Paid Subscribers get all access to make & read comments.
Mexico City, Mexico - August 25, 2021: Aerial view of BBVA bank tower

With ‘Smartshoring Mexico,’ BBVA aims to aid arrival of Spanish investment

0
The Madrid-headquartered bank's newest service aligns with plans to double bilateral trade with Mexico, as well as expand mutual investment by 50% in the next four years.
CNTE campamento

With direct talks broken off, police prepare for more protest actions from CNTE

0
The teachers' union rejected the government's "final" offer and proceeded to take over highway toll booths on Monday. There are signs, however, that the members' resolve is starting to wane.
Joel Bravo

Armed men kill Oaxaca mayor who had requested government protection

0
According to party representatives, Mayor of San Miguel Amatitlán Joel Bravo had told state authorities that he feared for his life and asked for protection from the state government at a regional security meeting on May 11.
BETA Version - Powered by Perplexity