Kawasaki Heavy Industries to invest $200 million in Mexico

Friday, 13 October 2023 00:01:03 (GMT+3)   |   San Diego
       

The Mexican unit of Japan-based Kawasaki Heavy Industries will invest $200 million to build a recreational vehicle production plant in the northern state of Nuevo León, Mexico, Governor Samuel García reported on his personal X account (formerly Twitter) from his tour work in Japan.

“Kawasaki, a global company and one of the giants of Japan, will invest $200 million in our state that will generate 1,100 new jobs,” the governor wrote in a post. The production of that factory will be for export to the United States and Canadian markets.

“Just one day in Japan and we already have new investments for Nuevo León,” reported García, who is on a work tour of Japan and China.

According to the Mexican magazine Expansión, which interviewed officials from the government of Nuevo León, they hope to attract investment from about 50 companies from those two countries to the state.

Separately, the El Financiero newspaper reported today that the Dubai company, Levare International, put its plant into operation to produce pumping systems for the oil industry to serve the markets of Canada, the United States, Colombia, China, Oman, Kuwait, Slovakia, Serbia, Egypt and Saudi Arabia.

Levare's investment was for the equivalent of $82 million. The plant is located in the city of El Carmen, located 22 miles north of the state capital, Monterrey, and 150 miles southwest of the border city of Laredo, Texas.


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