Xinquan announces new expansion in Aguascalientes
AGUASCALIENTES - The Chinese Tier 1 supplier, Xinquan, announced a new expansion in the state of Aguascalientes, for an amount of US$100 million, which will generate 700 new direct jobs in the state.
The new investment includes the construction of an additional 10,750 square meter warehouse.
The initial investment of the complex was of US$40 million, and the second one of US$30 million during the first quarter of this year 2023. With this new announcement, the company will accumulate investments of 170 million dollars in the state of Aguascalientes.
Xinquan Mexico is dedicated to the development and manufacture of interior auto parts and was established in 2021 in the state with a plant of 27,576 square meters in the San Francisco IV Industrial Park, with corporate offices, warehouses, logistics areas and initial capacity to produce 600,000 parts per year with injection and assembly lines for plastic parts and leather covers.
"Xinquan will continue to grow under the clear sky of Aguascalientes; the Red Dragon of Mexico is the guarantee of success and much good luck for Xinquan and Chinese investments," said the Governor of Aguascalientes, Tere Jiménez.
Twelve Chinese-owned companies have set up operations in Aguascalientes, generating more than 4,000 jobs in the auto parts, textile, services and clean energy sectors; China is the state's third largest export destination.
The investment announcement was attended by Manuel Alejandro González, Secretary of Economic Development, Science and Technology; Tang Zihua, global president of Xinquan; Robert Liu, president of Xinquan Mexico; and José Briones, operations director of Xinquan Mexico.