Daye to invest US$120 million in Nuevo León
NUEVO LEON – The Hofusan Industrial Park, in the municipality of Salinas Victoria, Nuevo León, continues to attract Chinese companies. The company Daye, which specializes in the production of power tools and intelligent garden products, will invest 120 million dollars in a plant that will employ 2,000 workers.
James Ye, president of Daye, commented to the press that they chose the state of Nuevo León after having seen many options in Southeast Asia, in Bangkok, in North Carolina, outside of China and Singapore; this was the best location because of the industrial park, “the whole environment we checked.”
“The global market is strong and growing. Daye’s investment in Mexico is aimed at continuing to expand our growth in the North American market. North America remains the world’s strongest market for outdoor power equipment,” he emphasized.
This is the first plant to be built in Mexico, which consists of two stages, the first covering an area of 50,000 square meters and the second phase will be 100,000 square meters.
The company is headquartered in China and has a presence in Hong Kong, the United States and Europe. Daye is one of the world’s leading manufacturers of outdoor power equipment such as lawn mowers, tractors, blowers, string trimmers and other lawn equipment.
It is worth mentioning that the Hofusan Industrial Park is close to three canals: National Highway 85D, Highway No. 1 and the main freight railroad line. Each channel can connect Monterrey to major freight destinations.
In turn, Raúl Cantú, Mayor of Salinas Victoria, pointed out that this municipality is the second largest recipient of foreign direct investment (FDI), which has generated accelerated population growth. According to Inegi’s Population and Housing Census, there are 86,000 people registered, however, the municipality’s figures indicate that the population has grown to 180,000 people.
Currently, they have technical high schools, however, they are reaching an agreement with the Universidad Autónoma de Nuevo León (UANL), to have a University, which specializes in engineering with terminal lines in Logistics and Information and Communication Technologies.
China represents 30% of the investment in Nuevo León
Iván Rivas Rodríguez, Secretary of Economy of Nuevo León, commented to the press that in the third quarter of this year, “China represented 30% of the FDI that came to the state, the United States 20%, Germany 22%. There are 101 investment projects, we know that in five years they will generate more than 50,000 jobs, according to data with our own records”, clarified the official.
He considered that China, as a country of origin, brings strong investments. “Today’s is 120 million dollars, with the creation of 2,000 jobs. The furniture manufacturer Man Wah will invest 300 million dollars; Kuka (robotics, software and service) has more than 250 million dollars.
So far we have 101 projects in our investment portfolio that have already said yes and confirmed their investment or expansion,” concluded Rivas Rodriguez. “Right now Salinas Victoria is the second municipality with the greatest attraction of investment, Apodaca is the first and Ciénega de Flores is number three”.