Home Business-new Chinese company to invest 90 million USD in Yucatán

Chinese company to invest 90 million USD in Yucatán

by Yucatan Times
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HUNUCMÁ, YUCATÁN.— On Sep. 17th, the municipal president of Hunucmá, José Alberto Padrón Romero declared that in November a Chinese company will start building a factory in this municipality to employ nearly one thousand workers.

The president of the Chinese-American company Wood Genix in China, Yinan Li, reported that, with an investment 30 millionUS  dollars, they will install a factory of 14,000 square meters in Hunucmá. However, the board explained that the factory will create 300 jobs in that municipality, and with an additional investment of 60 million dollars, they will install another 50,000 square-meter plant in Kanasín, where 600 sources of employment will be opened.

Yinan Li stated that they will manufacture 40 full-length wooden kitchens a week and export them, via Progreso, to the United States, to equip houses, hotels, apartments, restaurants and entertainment complexes such as those located in the Orlando, Florida area.

Hunucmá is becoming an industrial pole, since many foreign companies are looking to invest there.

The Yucatan Times Newsroom

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