The Chinese Companies, Holley Group and Futong Group, together with the businessman Cesar Santos, will invest between US$300 and US$500 million to start developing the Hofusan Industrial Park in Salinas Victoria, Nuevo Leon, through a joint venture, by early 2016.
Mr. Santos will provide an 850-hectare land and the Chinese entrepreneurs will be funding partners in charge of the park development. This park will have industrial, commercial, services and residential areas. In a first stage, US$50 million will be invested for the industrial part that will occupy 200 hectares. Furthermore, US$80 million will be used to install two plants of Holley Group and one of Futong Group, which will start operations by 2017.
Source: El Norte