The company of French origin, Fives, a supplier of machines, process equipment and production lines, announced that it will make a new investment in a five thousand square meter plant in the Ramos Arizpe Industrial Park, in Coahuila.

The location responds to the benefits that Mexico offers in terms of geographical position, trade agreements and quality labor. Frédéric Sanchez, president of Grupo Fives, stressed that this new plant has the objectives of reducing dependence on the Chinese market and improving the production of the French company.

Consult here: 42% of the new industrial supply of the two-month period was concentrated in the northern region of the country

In this context of nearshoring, this property will improve the capacity of the subsidiary Fives Cinetic México to meet the demand of the Mexican market, but also that of North America in the automotive and logistics industries.

Mexico has received global companies that seek to shorten their production chains, becoming one of the countries with the greatest opportunities, bearing fruit by attracting 35 thousand 291.6 million dollars (mdd) of Foreign Direct Investment in 2022.

"On several occasions I highlighted the opportunity that nearshoring represents for Mexico and for French companies, to bring their value chains closer to this country whose geography, international agreements and manufacturing tradition are strategic factors in this new world panorama", emphasized Jean-Pierre Asvazadourian , French ambassador in Mexico.

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In Mexico there are 500 French subsidiaries distributed throughout the Republic, generating 150,000 direct jobs and up to 700,000 indirect jobs, in addition to the fact that 32 of the 40 most important companies in France have a presence in the country.

French investments total 9.5 billion dollars, not counting the recent acquisition of 30% of the airport operator OMA for 1.17 billion dollars that took place at the end of 2022, by Vinci Airports.

In Solili you can consult industrial warehouses available in Monterrey and Guadalajara

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