Korean manufacturer LS Automotive builds US$ 60 million plant in Nuevo Leon
LS Automotive Technologies Co. (LSAT), a Korean manufacturer of automotive components, announced it broke ground in recent days to build a new plant in the municipality of Guadalupe, Nuevo Leon in Northern Mexico.
LSAT will invest US$ 60 million in the 40,000 square meter site at the FINSA industrial park to manufacture a wide variety of components that ranges from internal vehicle control systems such as switch modules and interior lamps to electric control system such as sensors and body control equipment.
The company plans to use the new facility as an overseas base for the North American region amid growing demand in the continent including the United States and Mexico.
Its customer base in North America includes not only Korea-based automakers such as Hyundai Motor Co. and Kia Motors Corp. but also General Motors Co. and Fiat Chrysler Automobiles N.V.