HIHO invests US$100 million in new plant in Guanajuato
GUANAJUATO – HIHO, a prominent company in the aluminum sector and acknowledged provider of wheels for major automakers like Nissan, Chrysler, Volkswagen, Mercedes Benz, and BMW, has declared a $100 million investment for the establishment of a new facility in Apaseo el Grande, Guanajuato.
It is important to note that this substantial expansion will result in the creation of approximately 600 positions in the area.
With an established presence in multiple countries such as the United States, Japan, China, India, England, Hong Kong, Singapore, and South Korea, HIHO has opted to invest in Mexico and join the automotive industry in the nation.
The commencement of the Apaseo El Grande plant signifies a strategic move for HIHO, augmenting its worldwide network of facilities and fortifying its foothold in the North American market. The company has garnered a strong reputation in the aluminum field, particularly in the production of top-notch wheels for renowned vehicle manufacturers.
The $100 million investment serves as a testament to HIHO’s faith in Mexico’s prospects for expansion and advancement in the automotive sector. Aside from generating direct employment opportunities at the plant, this expansion is projected to invigorate the local economy and foster the creation of indirect jobs within the supply chain and associated services.
HIHO’s arrival in Mexico brings promising tidings for the region and underscores the country’s allure as an appealing investment destination within the automotive industry. The novel Apaseo El Grande facility is anticipated to contribute to the sector’s growth, while simultaneously creating job prospects and fortifying the Mexican automotive industry as a whole.