European companies investing US$167 million in Hidalgo

Two European companies are investing US$167 million in Hidalgo, which will generate 460 direct jobs and over 1,000 indirect positions, according to a statement issued by the State Government. Global Housing Solutions (GHS), a company based out of Austria, said it has allotted US$50 million to build a plant to produce nearly 25,000 modular houses each year, which will supply the demand of this sector in Mexico and will also export to Central America and the U.S. On the other hand, ESSITY, a corrugated paper and hygienic products producer, will invest US$117 million in a factory to open soon in Hidalgo.