The Chinese company Kingfa has announced a $50 million investment to expand its plant in San Luis Potosí, as part of its industrial expansion plans in Mexico. The project includes the enlargement of its facilities and the construction of housing areas for its staff.

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The announcement was made by Sue Yue, a representative for Kingfa’s CEO, who outlined the company’s plans to strengthen its presence in the state. This investment marks a new phase for the Chinese firm’s operations in San Luis Potosí.

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The expansion will allow Kingfa to grow its industrial infrastructure in San Luis Potosí—a state that hosts numerous international companies involved in various manufacturing activities and supply chains.

The company specializes in the development and manufacturing of polymeric materials and modified plastics, which are used in sectors such as automotive, electronics, and consumer goods. Its operations are integrated into industrial supply chains that require specialized materials for their production processes.