In a strategic move, Chinese structural elements producer Minglida Precision Technology is set to invest up to $100 million in the construction of a new factory in Irapuato, Guanajuato, Mexico, according to a report by Yicai.

The facilities, which will be located in the Marabis Industrial Park, will aim to produce aluminum profiles, die-cast aluminum elements and plastic structural parts. These high-quality components will be intended to meet the growing demand of customers dedicated to the photovoltaic sector, energy storage and electric vehicle manufacturers.

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So far, specific details of the project are scarce, but Minglida Precision Technology has made it clear that this initiative seeks to support its expansion abroad, where it already harvests 45% of its sales. In addition, the company's key objective is to optimize its production costs, a strategy that seeks to strengthen its competitiveness in the global market.

The choice of Irapuato as the headquarters for this new factory is no coincidence. Minglida Precision Technology aims to take advantage of the plant's strategic location to provide localized manufacturing services to its customers in the region. This decision also aligns with the company's intention to ensure guarantees related to the supply chain, thus strengthening its position as a reliable partner in the industry.

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In 2022, the main revenue drivers for Minglida Precision Technology were the photovoltaic and electric vehicle sectors, which contributed 55% and 25%, respectively, to its total revenue.

The company hopes to capitalize on this positive trend by expanding its production capacity and consolidating its presence in key markets.

In Solili you can consult industrial warehouses available in Querétaro and Aguascalientes

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