Home Business-newBusiness Japanese company to invest 50 million USD in Yucatán

Japanese company to invest 50 million USD in Yucatán

by Yucatan Times
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The Japanese firm Uchiyama Group, a Manufacturing Corporation that manufactures a wide variety of polystyrene products, such as “PLASFOAM”, for the automotive sector, plans to establish a modern plant in the state of Yucatan, which would be the first of this company in Mexico.

According to a statement from the state government, Yucatan consolidates its new industrial generation, as it increasingly becomes a strategic point for the investment of important companies.

Governor Rolando Zapata Bello received the president of the transnational company, Kenzo Uchiyama, who said that due to multiple factors, the corporation he represents wants to settle in the state and presented the project to be developed in a five-year period, mentioning that the Japanese firm wants to start the project as soon as possible.

According to plan, Uchiyama Group plans to invest 50 million US dollars to build its first headquarters in Mexico, in order to produce bearing seals or gaskets for dynamic and static engines, which would initially generate 200 new jobs and in a five-year period the number could go up to 1,000.

The modern facilities would be built on a 15-hectare site in the industrial corridor of Hunucmá, where other big multinational firms such as the Yucatecan Brewery and Universal Containers already operate.

The Japanese company was founded in 1898 and is a supplier of major motor companies such as Toyota, General Motors, Mazda, Nissan, Mitsubishi, Isuzu, Subaru, Suzuki, Honda, Hino, Yamaha and Caterpillar, among others.

Before the head of the State Secretariat of Economic Development (Sefoe), Ernesto Herrera Novelo, Uchiyama highlighted the competitive advantages offered by Yucatan to guarantee investments, including air, rail, land and port connectivity, as well as the training of human talent and the high levels of security that prevail in the region.

In this regard, he noted that another factor that attracted them was that other international corporations, such as the German Leoni, are installed and growing in Yucatecan territory, so he considered that something important is happening here and could confirm that it is a favorable area for business.

During the meeting, Zapata Bello recalled that for almost six years his administration has promoted a new industrial generation, which has allowed to maintain a national leadership in the manufacturing sector, and has also created favorable conditions for the arrival of more companies to Yucatan.

In addition, the head of the Executive talked about the important effort made in education for the formation of highly prepared human capital, during times of global economic challenges. As well as the support of the federal government, in terms of logistics and communications, which allow the state to be much more competitive.

Finally, the governor highlighted the advances that are made in terms of innovation, technological development, environmental protection within high safety standards, which position Yucatan as the safest state in Mexico.

Source: yucatan.com.mx

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