Kia takes investment to other states in Mexico
Kia’s arrival to Nuevo Leon, besides bringing investment into the State, has promoted business activity in Coahuila and Tamaulipas, which captured over US$640 million from 19 companies, and almost 15,000 jobs were created. According to records from Coahuila’s Ministry of Economic Development (SEDEC), since 2014, when Kia announced its arrival into Nuevo Leon, the State of Coahuila has been receiving investment for US$593.6 million with the arrival of 13 Korean automotive companies and 10,305 new jobs have been created. Tamaulipas, on the other hand, was able to get 6 investment projects for new industrial buildings and expansions, creating a positive economic flow of US$50 million, as well as 4,600 new jobs, assured Angel Ortiz, Ministry of Economic Development. There are also 26 more projects in the agenda, prompted by the arrival of Kia to Nuevo Leon, and if they are realized, US$1.5 billion and 17,000 jobs will soon benefit the State.