Automotive sector dominates investments in Nuevo León
El Horizonte | September 15, 2021 |

According to projections of the state government, the trend is for the Nuevo León entity to become an engineering hub in the sector, since as a result of these projects its offer in production and services will be expanded.

Data from the Ministry of Economy and Labor show that today there are 369 foreign direct investment projects under negotiation and / or confirmed, with a value of 958 million dollars and the generation of more than 20,800 jobs, and of them a 21% correspond to the automotive industry.

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By country, the United States and China concentrate the largest investments in this portfolio, with a participation of 33% and 18% of the total, although they also stand out from other economies such as Korea.

Such is the case of the South Korean Namyang Nexmo dedicated to the manufacture of transmissions that will be installed in Apodaca, with an investment of $ 35 million dollars.

Another is Kawasaki, a Japanese company that will produce all-terrain vehicles in Salinas Victoria, where it will generate at least 300 new jobs, or Dana Incorporated, which will promote automotive electrification from Escobedo, where it will invest $ 40 million dollars and generate 350 jobs.

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