Yorozu plans to invest $70 Million in New Plant in Mexico

Yorozu plans to invest $70 Million in New Plant in Mexico

Submitted by John Ganjei on Wed, 2012-02-15 20:49
Wed, 2012-02-15

The Japanese automotive manufacturer of Yorozu plans to invest MXP$900 million (around US$70 million) to build a new plant at the State of Guanajuato, in central Mexico.

According to a recent press release, Mexican subsidiary of Yorozu is expected to be in full operation by 2015, generating 230 jobs, in addition to sales close to MXP$800 million (US$62.5 million). The new factory in Guanajuato will be devoted to producing shock absorbers for vehicles.

This company, based in Yokohama (a few miles from Tokyo) pointed-out that the construction of the new plant responds to an increased demand in automotive manufacturing in Mexico. Yorozu already has another subsidiary in Aguascalientes.

The announcement by Yorozu comes just over a month after Japanese auto parts manufacturer DENSO said it planned to build a plant to produce air conditioning equipment in Guanajuato. DENSO Mexico, based in the northern city of Apodaca, plans to start constructing a $57 million new factory in March in Silao, a city in Guanajuato.