The Chinese Tier 1 supplier company, Xinquan, announced a new expansion in the state of Aguascalientes, for an amount of 100 million dollars that will generate 700 new direct jobs in the entity.

The Xinquan Mexico company is dedicated to the development and manufacturing of interior auto parts and was established in 2021 in the entity with a 27,576 square meter plant in the San Francisco IV Industrial Park.

Check here: Industrial demand in San Luis Potosí rebounds during November 2023

The facility will have corporate offices, warehouses, logistics areas and initial capacity to produce 600 thousand pieces per year with injection and assembly lines for plastic parts and leather covers. The new investment includes the construction of a warehouse of additional 10,750 square meters.

The initial investment in the complex was 40 million dollars, and the second was 30 million during the first quarter of this year 2023. With this new announcement the company will accumulate investments of 170 million dollars in the hydro-warm entity.

In Aguascalientes, 12 companies with Chinese capital have set up shop, generating more than 4,000 jobs in the auto parts, textile, services and clean energy sectors; China is the state's third export destination.

The Aguascalientes market is attractive for foreign investments due to the security of the entity, its logistics infrastructure and industrial parks as well as its human capital.

Of interest: Industrial construction in Querétaro rebounds during the month of November

Tang Zihua, global president of Xinquan, said he was happy to return to Aguascalientes to announce the new investment and thanked the government and the population of Aguascalientes for making the development of the company in the entity possible.

Xinquan, founded in 1982, has 18 subsidiaries in Mexico, including a technical center that specializes in the Design, Manufacturing and Sale of automotive interior and exterior components, trims and a nationally certified laboratory. It has ISO/IEC-17025, IATF-16949, ISO-14001, and OHSAS-18001 certifications.

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

Original note