Sunday, February 25, 2024

China’s Jiaxipera latest of 20 firms to invest in Coahuila in 2023

Chinese company Jiaxipera has announced the opening of a new plant for refrigerator compressors in the state of Coahuila, which will create 600 new jobs.

The factory, to be located in the Davisa Industrial Complex in Ramos Arizpe, will cost US $60 million and is expected to produce 6 million compressors per year.

Industrial park in Saltillo, Coahuila
The DAVISA industrial park where the new plant will be located. (DAVISA)

“We are very proud to be in this place,” Jiaxipera general manager Haidong Jiang said at the inauguration ceremony. “This new factory will allow us to be close to other companies with which we have a relationship and also access qualified labor, since we need specialized engineers.”

Jiang added that Mexico is a strategic location for Jiaxipera, it being one of the top five producers of household appliances in the world. He also said the company hopes to make further investments in the region in coming years.

The most valuable thing we have in the state is the skilled workforce, the working women and men of Coahuila in this great region who continue to be an example,” said Coahuila Governor Miguel Àngel Riquelme Solís.

Riquelme said he was committed to creating security and labor conditions to continue attracting investment in Coahuila, which is now a key pillar of industrial development in Mexico.

Nineteen new investment projects have been completed in the state since the start of 2023, said state Economy Minister Claudio Bres Garza.

Bres Garza also referred to figures from the Mexican Institute of Social Security (IMSS), which show that 21,430 new jobs have been created in Coahuila this year, with 6,380 in March alone.

“This commits us to continue promoting strategies that attract more foreign investors,” he said.

Grupo Bursátil Mexicano (GBM) said in January that an estimated US $208 million of investments had been announced for Coahuila during that month alone, as part of nearshoring projects by companies seeking to take advantage of Mexico’s proximity to the United States.

With reports from Cluster Industrial, Mexico Industry and Territorio de Coahuila y Texas

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