Nuevo Leon attracts 2 Chinese plants; lures another 18 projects US$1.7 billion worth

Nuevo Leon attracts 2 Chinese plants; lures another 18 projects US$1.7 billion worth

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The government of Nuevo Leon currently seeks to attract 18 projects from Chinese companies interested in establishing manufacturing operations in the state. These plans involve investments for more than US$1.7 billion and the opening of 12,550 job positions, said during a press conference in recent days Samuel Pe├▒a Guzman, undersecretary of Investment and Industrial Development, of the State Secretariat of Economy and Labor.

Apart from these 18 projects, two Chinese companies from the automotive sector, Mexin and Hangzhou XZB Tech Co, already confirmed investments for US$28 million and US$9 million, respectively, to start operations in the state.

Hangzhou XZB will begin operations shortly at the Hofusan industrial park, in the municipality of Salinas Victoria, for which it will open 50 job positions in a first stage. 

The company produces valve collets, valve springs, hydraulic lifters and push-rods. It already serves Volkswagen in Mexico, but now it aims to supply parts for General Motors and Ford.

Meanwhile, Mexin will start operations this month and will expand progressively until March 2019. By then, it will have a staff of 460 strong. The official did not explain the nature of the Mexin business nor offered further details.

Several of the companies that analyze settling in Nuevo Leon are part of the China Heat Treatment Association, whose representatives were present at the press conference where Pe├▒a Guzman explained that each of the 18 projects are in different stages of negotiation.

"We are making efforts because we are rivaling with South Texas, which is a very competitive region," the official said.


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