Foreign investment doubles in Chihuahua

Category: News
Published: 2015-06-29

The State of Chihuahua has secured a US$2.18 billion FDI for 14 industrial projects presented during 2015, doubling last year’s amount of US$1.15 billion. The projects involve the creation of 11,742 jobs. Manuel Valles Russek, Secretary of Economy, said that these investments are being exercised mainly in the cities of

Juarez, Chihuahua, Meoqui and Nuevo Casas Grandes, and the sectors of electric-electronic, automotive and auto-parts, medical, aerospace devices, metal- mechanical and agribusiness. Ford will invest US$200 million for its factory expansion and 500 direct jobs will be created, while investing, on the other hand, US$1.1 billion for the construction of a new engine plant that will create 1,300 direct jobs. Honeywell has also announced the construction of its new Center of Electronics Excellence in Ciudad Juarez at a cost of US$25 million, with 320 new jobs. Moreover, Visteon laid the foundation stone of a technical center in the city of Chihuahua, valued in US$85 million, which will offer 1,100 new job openings.