Automotive industry investment in Guanajuato continues to grow
Kosai, Japan-based ASMO, Inc. is the latest company from the Asian nation to make a significant automotive industry investment in the South Central Mexican state of Guanajuato.
The firm recently announced that it will establish a build-to-suit manufacturing facility in the city of Irapuato. The newly established ASMO Mexico SA de CV will eventually employ approximately five hundred individuals, but will begin operations with an initial one hundred and fifty workers. They will be occupied in the manufacture of power window motors, washer and wiper systems and power seat motors. Construction on the new plant, which will exceed seventy-four thousand square feet under roof is slated to begin in September of 2016.
The decision made by the executives ASMO, Inc. to invest in the automotive industry in Guanajuato was driven by projection of sales volumes that are expected to top USD $90 million. The up front investment that the company is committed to making in plant and equipment is a bit above USD $ 47 million.
In addition to this recent automotive industry investment in Guanajuato, ASMO, Inc. has a sizeable exisiting manufacturing presence in North America, including several plants located in the United States. These facilities are operational in Battle Creek and Novi, Michigan and Statesville and Greenville, North Carolina. ASMO’s parent company is global Japanese automotive supplier, Denso.
At present ASMO, Inc. currently employs a total of more than 1,400 workers in North America. This total will increase by the aforementioned numbers when the Irapuato, Guanajuato plant begins production.
Automotive industry in Guanajuato has been driven by Japanese firms. Over the past seven years, large assemblers such as Honda and Mazda, and scores of suppliers that will service them, have injected approximately USD $4 billion into the State’s passenger vehicle industry.
Read the primary source for this post at PRWeb.