Kingfa to Invest US$50M in San Luis Potosí
Chinese company Kingfa recently announced a US$50 million investment to expand its industrial plant in San Luis Potosí. The project will progressively increase the number of production lines from five to 30 and generate up to 500 direct jobs. This phase is scheduled to begin operations in February 2027.
The announcement by the San Luis Potosí Secretariat of Economic Development (Sedeco), led by Mario García Valdez, followed a meeting with company representatives, including Sue Yuan, daughter of Kingfa's founder, and Jun He, the company's president for North America.
During the meeting, details of the project's second phase were presented, along with an agreement on the corresponding incentives. In addition to expanding its manufacturing capacity, the company plans to build housing for its employees.
The new investment builds on the project announced by Kingfa in May 2025, which involved an US$84 million investment to establish a manufacturing, research, and development complex at the Logistik III Industrial Park in Villa de Reyes, San Luis Potosí.
The expansion represents another step in Kingfa's efforts to consolidate its industrial platform in Mexico, increase production capacity, and develop specialized materials to meet its customers' needs.
