Korea-based Seoyon Electronics to build US$ 36 million plant in Reynosa
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South Korea-based Seoyon Electronics announced a US$ 36 million investment to build an autoparts plant in the border city of Reynosa, Tamaulipas, aimed to supply Kia’s recently inaugurated assembly facility, located in the neighbor State of Nuevo Leon.
The company will hire 500 workers directly, according to a press release issued by Reynosa authorities. This will be Seoyon first plant in the Americas, the company currently operates production facilities in China and Poland.
Seoyon will buy 10.8 acres of land to build the factory. Corporate offices in McAllen, Texas, right across the U.S.-Mexico border, are also part of their plans.