GUANAJUATO – Kohler arrives in San Luis de La Paz, Guanajuato with an investment of US$181.2 million and a commitment to generate 886 direct jobs.

Kohler is a leading U.S. company in the production and design of kitchen furniture, bathrooms and decorative products, which has also successfully ventured into other business areas such as energy, hospitals and real estate.

The Governor of the State, Diego Sinhue Rodriguez Vallejo, highlighted that the Kohler Bajio project, which is starting up, is for the Kitchen and Bathroom Division; its production will be basically for export, although it will also seek to conquer a very important segment of the Mexican market.

The Governor emphasized that Kohler’s arrival in Guanajuato also means the consolidation of the construction, ceramics and materials sector in the state, with companies of great prestige and world class.

The President and CEO of Kohler Co, David Kohler, thanked the state authorities for their support to undertake this project, with which they will contribute to improve the quality of life of the people of this region.

“We are celebrating 30 years of investment in Mexico, when we arrived in Monterrey in 1991, now we are coming to Guanajuato, where we will have one of the most important plants we have in the world”, he added.

The event was attended by the Mayor, Luis Gerardo Sanchez Sanchez, and the minister of Sustainable Economic Development, Mauricio Usabiaga Diaz Barriga, as well as the President of the State Congress, local Congressman Armando Rangel Hernandez.

SOURCE: MEXICO NOW

Daimay Automotive Interior inaugurated the facilities of its plant III and IV in Ramos Arizpe, Coahuila, where it will be generating 1,000 jobs.

In September 2020, it confirmed an investment of $ 32 million to expand its operations in this region and increase the production of interiors for cars such as headboards, visors and armrests.

The company installed in the Finsa Industrial Park will also manufacture some awnings for General Motors, which will be used for the assembly of electric vehicles.

Daimay is a Chinese company with more than 20 years of experience in the supply of automotive interiors, both in the area of ​​design and engineering and manufacturing.

Victor Villarreal, regional manager of Daimay, declared that the state is a competitive place that allows the constant expansion of its operations, having a qualified workforce and the advantage of having one of the best logistics for exporting products to North America.

Likewise, Miguel Riquelme Solís, governor of Coahuila, affirmed that in the entity the company will find all the tools to continue consolidating its brand, in addition to a first-rate infrastructure, labor peace and people trained to develop any type of projects.

Daimay Automotive Interior has already invested 150 million dollars and created 4,000 jobs, becoming one of the most important companies in the automotive sector in the state.

Source: Mexico Industry

STATE OF MEXICO – Alfredo del Mazo Maza, Governor of the State of Mexico, announced that Hitachi will invest US$56 million to improve industrial safety at its plants in Lerma, thus contributing to the creation of 480 new jobs. This investment will be made over 2 years.

Joaquin Loose Doedter, president of Hitachi Mexico; Luis Manuel Vallejo Rosas and Edmund Friedrirh Petersen, Hitachi’s general directors of operations and human resources; alongside the state governor, announced that the company has invested US$97 million in the continuous improvement of equipment and processes to strengthen its operations between 2018 and 2020.

Hitachi’s 3 plants employ more than 2,700 people who manufacture water pumps, balancers, coils, valves, sensors, pistons, shock absorbers and brake casting for brands such as Nissan Ford Honda General Motors Mazda and Fiat Chrysler.

The company also manufactures powertrains, advanced driver assistance systems and chassis for automobiles. Most of its production is destined for the United States, Canada, Germany, the United Kingdom and South Korea, and it has also obtained Q1 certification from Ford, Excellence Supplier from General Motors, and ISO 14001 certification.

Del Mazo Maza recognized the work of the Hitachi team for their commitment to the country and the products they manufacture, as the brand has been present in Mexico for 60 years, standing out for its innovation and diversification.

SOURCE: MEXICO NOW

MEXICO – The Mexican unicorn Kavak raised a Series E financing round for US$700 million and thus became the second most valuable startup in Latin America, with a value of US$8.7 billion, after the Brazilian neobank Nubank.

According to Kavak’s CEO in Mexico, Alejandro Guerra, the resources of this new investment will be allocated to two objectives: improving the user experience and expanding to other emerging countries.

Kavak currently operates in Mexico, Argentina and Brazil, where it arrived at the beginning of 2021. It has 40 logistics centers for the reconditioning and sale and purchase of pre-owned cars, 20 of which are in Mexico, and 4,700 employees worldwide.

According to Guerra, their estimated goal is to double the number of collaborators globally by the end of 2022 and also to double the number of logistics hubs in Mexico, in order to expand mainly to the northern and western regions of the country by the end of 2021.

Kavak is taking advantage of disruptions in the new car supply chain around the world to reach other emerging markets, both in Latin America and other regions of the world.

Although the executive said that they do not yet know which countries they will take their business model to, he assured that the first place will be Latin American emerging markets, followed by Asia, Eastern Europe and even Africa.

SOURCE: MEXICO NOW

The HNI Corporation confirmed that it will open a new office furniture plant in Saltillo, Coahuila, for which it will be generating an investment of 18.5 million dollars.

This financing is due to the high demand for office seats in North America, and will be generating around 250 direct and indirect jobs. It should be noted that the products that are being manufactured in Mexico will be to supply the five distribution centers that the company has in the United States.

The plant will be located in the Mencorsa Industrial Park and is expected to start operations in the first quarter of 2022 with a capacity area of ​​160,000 square feet.

Max Sánchez Armas, director of operations in Mexico, thanked the support of the state authorities for being able to facilitate the arrival of the North American company to Mexico, for which he reaffirmed that with this investment a long commercial relationship and several projects will begin.

Likewise, he explained that the decision to have chosen Coahuila is due to the proximity that the state has with the United States, because of the logistics and communications infrastructure, as well as because of the qualified workforce, security and labor peace.

SOURCE: MEXICO INDUSTRY

With more than 100 million dollars, Le Bélier confirmed that he will continue developing investment projects in Guanajuato.

The world’s leading aluminum smelting company in the automotive industry maintains its confidence in the region, which is why it will be generating 500 new jobs at its production plant in San Miguel de Allende.

Diego Sinhue Rodríguez Vallejo, governor of Guanajuato, stated that this project is the only one nationwide that brings together all the aluminum smelting techniques through state-of-the-art systems, which are supported by automation and digitization.

The state executive and government representatives had a meeting with David Guffroy, CEO of Le Bélier and his work team, where they shared that their investment in Guanajuato was a good decision due to connectivity, highly competitive workforce, possibilities for new businesses and ecosystem. local supply offered by the state.

“That is why we take care that the companies that arrive have a high social commitment and care for natural resources, that is the case of Le Bélier, which has an SBT certification for the good of our planet,” said Guffroy.

This French company serves the auto parts market for brands such as BMW, Mitsubishi, Daimler, Continental, Hitachi, among others. In addition, it has a workforce of 3,200 people, has a presence on three continents and estimates for 2021 more than 290 million euros in sales.

It should be remembered that, in June of this year, the European company began the construction of its plant that will be located in the San Miguel de Allende Business Park, where it is expected to start operations in the first months of 2022. On that date, had confirmed an investment of 68 million dollars and the generation of 500 direct jobs.

SOURCE: Mexico Industry

The Fasemex Group will invest 3 million dollars to install its metalworking plant called Lidell in Monclova, and promote the economic development of the Central Region of Coahuila.

This investment will generate at least 300 jobs for the production of hoppers.
Likewise, the expansion was announced by the Freightcar America company, which will invest 60 million dollars for the production of train wagons at its Castaños plant.

During the event, the first stone of this megaproject was laid, which already employs 900 people, a figure that could increase with this injection of capital thanks to the growth they will have.

For his part, Miguel Ángel Riquelme Solís, governor of Coahuila, recognized investors for their great effort in times of pandemic and promised to provide them with all the tools for their consolidation, such as a qualified workforce, job stability and well-being for the workers.

Jesús Meyer, president of corporate Freightcar America, said they have managed to build the 1,000th rail car, which highlights the highly talented and specialized human capital they have.

“This is a sample of the growth we have had in the manufacturing field, I have worked for nearly 40 years in this field and I can realize that the Castaños plant is world-class in quality and personnel,” concluded the manager.

SORCE: Mexico Industry

GUANAJUATO – Diego Sinhue Rodriguez Vallejo, Governor of Guanajuato, agreed with Nestle in Switzerland an investment of US$160 million to be placed in Guanajuato’s Inland Port, which will generate 200 new direct jobs for the state.

This investment will begin in 2021 and will be part of an expansion of its production plant located in Guanajuato Puerto Interior, in the municipality of Silao.

Sinhue explained that this capital investment will increase production from 214,000 to 285,000 tons of dry feed, as well as from 12,000 to 25,000 tons of wet feed.

“It is good news because it also confirms the start of the economic reactivation in our state, with such an important company as Nestlé,” said the president.

He expressed his interest in further strengthening relations with Switzerland, and highlighted that there are currently investments of Swiss origin in Guanajuato of US$400 million, offering 840 committed jobs, mainly in the automotive, auto parts and agri-food sectors.

SOURCE: MEXICO NOW

DURANGO – Grupo Prysmian, a world leader in the manufacture of electrical and telecommunications cables with headquarters in Milan, Italy, and more than 40 years of presence in Mexico with 6 plants and more than 1,650 employees, announced the investment of US$27 million to begin the expansion of its cable and fiber optic manufacturing plant in the state of Durango.

The plant installed in Durango, was inaugurated in 2017, manufactures fiber and optical cables used in the telecommunications sector to enable internet access and connectivity services for communities, residential areas, businesses and industries.

The expansion is expected to double the current volume from 2.5 to 5 million kilometers of optical fiber per year, which will strengthen Prysmian’s leading position as a key strategic player in this segment.

“We are very proud of this important investment because even in the midst of this pandemic, we are very committed to our customers in the telecommunications industry and to Mexico,” said Marcelo De Paola, president and CEO of Grupo Prysmian in Mexico.

The expansion project will be completed in 2022 and would make Prysmian’s Durango plant one of the group’s three largest in telecommunications.

SOURCE: MEXICO NOW

MEXICO – In view of the reactivation that aviation has shown in the face of the coronavirus pandemic, by the end of 2021, Mexican aerospace industry exports will have a marginal recovery, registering an amount of US$7.1 billion, an annual growth of 7.5%, according to a representative of the sector.

“During the past year, this sector reported a figure of US$6.6 billion,” detailed the executive director of the Mexican Federation of the Aerospace Industry (FEMIA), Luis Lizcano.

Lizcano explained that several aircraft parts are manufactured in Mexico and then exported, mainly to the United States and Canada, where they are assembled completely.

However, the president of FEMIA reported that Mexican aerospace industry exports at the end of the year will be 26% lower than in 2019, the pre-pandemic period.

“As domestic and international flights are reactivated, this will push us to have a higher level of parts sales abroad, which we expect to continue in the coming years,” the executive mentioned.

Lizcano commented that this industry is present in 20 states in Mexico, including Querétaro, Chihuahua, Sonora, Nuevo León and Baja California; the main exports are to the United States, Canada, France, Germany and the United Kingdom.

SOURCE: MEXICONOW