Poly Group Corporation, a large Chinese central state-owned enterprise under the supervision and administration of the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), has announced that it will become a Chinese manufacturer in Mexico by producing Christmas trees and related products in a new 130,777 square foot facility in Ciudad Juarez. The company plans to open a distribution facility from which to ship its production into the U.S. and Canadian markets during the third or fourth quarter of 2012. This will be the first manufacturing facility that the company operates outside of its home country.
In addition to manufacturing Christmas trees and related items, the Chinese manufacturer in Mexico will also produce molded plastic swimming pools, and the accessories that accompany them. In additon to selling into the U.S. and Canada, Poly Group will also utilize Mexico as a strategic manufacturing platform from which to satisfy the needs of consumers in the Mexican domestic market, as well of those of buyers throughout Latin America. It is projected that when the project reaches its maturity, this Chinese manufacturer in Mexico will employ approximately five hundred workers in its Ciudad Juarez plant. The firm was assisted in its Mexican site selection efforts by CB Richard Ellis. CBRE is a Los Angeles based commercial real estate and investment company that has locations the world over, which includes an office in El Paso, Texas.
The Poly Group director of global operations, Eric Steinmeyer, attributed the company’s choice of Juarez to its “geographic proximity to the U.S. market, good labor availability, low operating costs and its strong infrastructure.”
Poly Group was founded in February 1992 with the approval of the Chinese State Council and the Central Military Commission.
Read the primary source for this post at Area Development.