Sinbon Electronics to set up in SLP

SAN LUIS POTOSI - Sinbon Electronics, a leading Taiwanese company, has announced its initial investment of US$100 million to establish a new plant in the Logistik Industrial Park, located in Villa de Reyes, San Luis Potosí.

The groundbreaking ceremony marks the beginning of a project that promises to generate 700 direct jobs in the region.

The groundbreaking ceremony was attended by representatives of the Secretary of Economic Development (SEDECO), acting on behalf of the Governor, Ricardo Gallardo Cardona. This event highlights the state government's commitment to attracting investments that drive economic growth and job creation in the region.

Sinbon Electronics, ranked 26th among the top Taiwanese companies, is internationally recognized for its excellence in the production of a variety of electronic products, including automotive, medical, green energy, industrial and communications equipment.

Its incursion into San Luis Potosí not only marks its entry into the Mexican market, but also strengthens the state's position as an attractive destination for foreign investment.

Sinbon Electronics' new plant in San Luis Potosí will focus on the production of electrical components for the automotive and green energy sectors. This strategic focus reflects the importance of the automotive industry in the region and its growing interest in the transition to more sustainable technologies.

Sinbon Electronics' investment adds to a number of recent developments in San Luis Potosí's industrial sector. During the month of April, the region has witnessed the arrival of several new companies, including Taxan of Japan, Automann USA, and CSMET GROUP of China. These developments reinforce San Luis Potosi's position as a pole of attraction for foreign investment in Mexico.

With its commitment to start operations in April of next year, Sinbon Electronics becomes a key player in San Luis Potosi's economic development strategy. Its presence is expected not only to boost the local economy, but also to contribute to strengthening the automotive supply chain and moving towards a more sustainable future in the region.