The Ministry of Economic Development (SEDECO) in Nuevo Leon met with Navistar International Corporation’s executives to discuss about the re-location of its U.S. plants in Nuevo Leon, with the objective of generating jobs and a costs reduction for the Company, informed Fernando Turner Davila, Head of the SEDECO.
At least 20 Navistar’s suppliers are interested in re-locate their plants, which will generate higher foreign investment amounts and the creation of thousand jobs. Samuel Peña, Undersecretary of Foreign investment in Nuevo Leon, said that, as part of a strategy, Navistar has expansion projects and is seeking to reduce costs by relocating its suppliers. The Company produces over 60,000 cars and trucks in Nuevo Leon yearly, 85% of them are exported to the U.S. and Canada.
Source: Monitor Económico