Chihuahua attracts foreign direct investment from Europe

Category: Investment
Published: 2019-07-03
Chihuahua attracts foreign direct investment from Europe

CIUDAD JUAREZ – Recently, the minister of Innovation and Economic Development, Alejandra De la Vega, announced several investment projects that were confirmed last June, as a consequence of multiple trade missions within Europe.

“The main objective was to strengthen the aerospace cluster of Chihuahua, the most important in Mexico, if we consider the number of jobs that the cluster generates as well its exports’ volume, which amounts to US$1.5 billion,” stated Alejandra De la Vega.

During the first few days, meetings were held with top-level executives of several companies already established in the state, such as Cessna, Bell Helicopter, GKN, Honeywell and Safran. These companies sought to land their new expansion projects and thus attract better jobs.

In addition, meetings were held with several Japanese aerospace suppliers such as Ishikawajima-Harima Heavy Industries (IHI), Hoden Seimitsu Kako Kenkyusho, Urano, Sugazawa Seiki, Machida Gear Manufacturing and Okinawa MRO.

On the other hand, an investment coming from the German company Leoni, was confirmed; it will amount to US$ 30 million that will be allocated to the construction of a second plant in the city of Cuauhtémoc, opening 120 highly skilled job positions.

At said plant, cables for chargers of electric cars will be manufactured, positioning the state of Chihuahua as a pioneer in the industry of electromobility.

Source: Juarez a Diario