Posco announced that it will invest around 136 million dollars for the construction of a plant in Ramos Arizpe, Coahuila. The South Korean company in the steel sector confirmed that this injection of capital will last until 2030, and the construction of its new plant will begin, which will have an initial price of 43 million dollars, and is projected to be completed in the second half of 2023. .

The initial production volume will be 300 thousand units per year for the company

which specializes in manufacturing and supplying galvanized steel sheets.

The Coahuila plant will focus on the production of traction motor cores for electric vehicles, and thus be able to cover the North American market and take advantage of the benefits that the industry has with the Free Trade Agreement between Mexico, the United States and Canada.

Of interest: Industrial development is strengthened with thematic bonds

The growth of the electric car cluster in Coahuila continues to increase in the entity, since, at the beginning of 2023, General Motors will start this new process in the region, which is why the chain of suppliers in the area continues to be strengthened.

In this sense, companies such as Yanfeng, Magna, LG, Martinrea, among others, have celebrated the opening of new plants to adapt to new trends.

On this occasion, Posco, a company of Korean origin, laid the first stone of its new factory in the state. The company is dedicated to the production of galvanized sheets, which are used in automobiles and household appliances; In addition, among its main clients are Nissan, Volkswagen, Honda, Stellantis and, of course, General Motors.

This project will generate 200 jobs directly, for which 100 million dollars were invested to build its industrial warehouse in the Amistad industrial park, in the municipality of Ramos Arizpe.

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Likewise, Miguel Ángel Riquelme Solís, governor of Coahuila, explained that the organization has more than 15 years of experience in the country, which is why it has stood out as one of the most competitive in the automotive sector.

He assured that this type of investment strengthens Coahuila as one of the places with the largest number of auto parts manufacturers due to its strategic advantages, such as a qualified workforce, proximity to the border with the United States and a high-level supply chain.

Finally, he highlighted that the entity has received, in the last five years, a total of 180 investment projects, which represents an amount of 9,536 million dollars.

In Solili you can consult industrial warehouses available in Monterrey, Tijuana y Ciudad Juárez

Original note