The first stones were laid in the past week for two new factories that will supply the automotive manufacturing industry.
In Ramos Arizpe, Coahuila, a supplier to the new Kia Motors assembly plant in Nuevo León has started building a 1.851-billion-peso (US $100 million) factory that will produce aluminum parts for air conditioning and braking systems.
The South Korean firm Kodaco-México is expected to begin operating in the last quarter of this year and employ 400 people at the company’s fifth plant, its first outside South Korea.
It anticipates sales of US $23 million in 2017, a figure that will soar to $110 million in 2020.
At a ceremony in the Santa María Industrial Park, Coahuila Governor Rubén Moreira said the state is now Mexico’s third-largest exporter and No. 1 in the production of automotive parts.
Kodaco chose Ramos Arizpe for its proximity to the junction of two railway lines and highway access to the Pacific coast.
A foundation stone was also laid in Silao, Guanajuato, where the Italian-based Pirelli is building its second tire plant in the municipality with an investment of $200 million.
The factory will begin operating in April next year, producing some 2.5 million tires annually and providing 400 jobs.
Source: El Economista (sp)