Sunstrong International Industries, with headquarters in Singapore, will invest $20 million in its first plant in the northern state of Coahuila, Mexico, where it plans to hire up to 500 people for the production of electrical products, the state government reported.
With Sunstrong's investment, the Coahuila government reported, it is the 57th business project that arrived in the state so far this year. In addition, the 12th investment arrives in the city of Torreón (361 miles from the border city of Laredo, Texas), where Sunstrong will be located.
These 57 investment projects have already generated 39,000 new jobs, the government reported in a press release.