Cinemex will invest 350 million pesos (mp) for new complexes in the State of Mexico (Edomex), announced Alfredo del Mazo Maza, governor of the entity.

"Cinemex reaffirms its confidence in Edomex by presenting its expansion plan, which will have an investment of 350 million pesos and will consist of the opening of 2 new complexes and the expansion of one more."

According to information from Milenio, this new investment will generate more jobs, as well as the strengthening of the sector, one of the most affected during the pandemic.

Cinemex has 44 complexes in Edomex, which places it as the entity with the largest number in the country, and its reopening would mean 3,000 jobs.

At the meeting, it was detailed that the company's operations and investment plan also represents the reactivation of its entire chain of suppliers and commerce at the points where its complexes are located.

Last February, the company closed its 140 cinemas indefinitely. It is worth mentioning that from January to April, Canacine reported revenue at the box office for 956 million pesos, 67% below last year.

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