Ikea to invest US$170 million in Coahuila

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RAMOS ARIZPE — Thanks to the incentives that the government of the municipality of Ramos Arizpe, Coahuila, offered to Grupo Ikano, which manages the Ikea brand in Mexico, the Swedish company decided to build a plant in this city.

 

Some of the incentives offered to the company are related to Property Tax and Income Tax, as well as incentives in building permissions, subsidies in ecology permissions, among others.

In this project an investment of US$170 million will be allocated and comfort products based on foam such as mattresses, rooms, among others, will be produced.

In addition to the seven existing Ikea stores of the Ikano Group in Southeast Asia, this store will be the first in Latin America. Likewise, it is planned to offer online purchases for customers in Mexico City at the same time that the physical store opens in the fall of 2020.

"We are very excited to open in a market as dynamic as Mexico," said Malcolm Pruys, retail manager of IKEA Mexico.

"This is the great moment to announce our arrival, as well as our plans in the country. Our ambition is to bring the concept of democratic design to the majority of Mexicans, "he added.

Ikano Industry acquired a space of 78 hectares in Ramos Arizpe, in the Chuy Maria Industrial Park and it will generate 2,000 jobs in its operations.

 

Source: El Financiero