Noah Itech invests US$100 million in Mexico
NUEVO LEON. Noah Itech, supplier of the assembler Tesla, will invest 100 million dollars in the construction of its first plant in the Vynmsa Industrial Park, in the municipality of Santa Catarina, where 100 highly specialized jobs will be created, as the Chinese company specializes in automation processes.
“We firmly believe that this land is the right place to materialize our development, as Nuevo León has enormous growth potential due to the unparalleled visionary spirit that characterizes it,” said Fang Te Chou, vice president of Noah Itech Mexico.
The Chinese-owned firm offers design, installation and automation support services for the 3C manufacturing industry, as the IT, communications and consumer electronics segment is known. In fact, high-tech products account for more than 95% of its total sales.
Sonia Gutiérrez Martos, Project Coordinator of Noah Itech Mexico, highlighted that the state has earned the respect of foreign companies, as more and more companies want to be in this region.
For his part, Samuel Alejandro García Sepúlveda, Governor of Nuevo León, highlighted that the state maintains the trend of announcing every week, the arrival or expansion of Foreign Direct Investment (FDI).
“This announcement serves me for three reasons: one, to confirm that they invested in the best state, second, we have the commitment to carry out all the necessary public works to have the best infrastructure and third, not to stop showing off Nuevo Leon to the whole world,” said the state governor.
This plant will become a Research and Development Center for automation and electronics technology, specialized in the automotive sector.
Among Noah Itech Mexico’s clients are Tesla and GM, Google, Facebook and companies dedicated to electromobility, such as Quanta Computer Mexico, Tesla’s Tier 1 supplier.
Noah Itech Mexico is expected to start operations at the end of the first half of this year.
Advantages and incentives in Nuevo León
Iván Rivas Rodríguez, Secretary of Economy, mentioned that investments come to Nuevo León because of its infrastructure and human capital.
“We are excited to start 2023 with this announcement, it means that not only the manufacturing sector finds in Nuevo León the best conditions to locate, one of them, and the most important, is the most prepared human capital in the country,” added the state official.
It is worth mentioning that the state graduates 15,000 engineers and scientists, as well as 20,000 technicians from local universities every year.