REYNOSA, Tamaulipas – A Korean Consortium has announced it will invest $36 million to build a new industrial warehouse and manufacture auto parts for KIA, creating more than 500 direct jobs.
Reynosa’s Mayor Maki Ortiz Dominguez met with Jeongkyu, a representative from Seoyon Electronics Company of South Korea, and Mateo Hwang, Mexico’s representative for Seoyon EC.
Seoyon Electronics Company own industrial factories in China and Poland, and Reynosa is the first city on the North American continent where they will install a manufacturing plant, according to Ortiz Dominguez.
Reynosa’s geography, market, and local workforce were the reasons why the Korean Consortium decided to invest the more than $36 million towards the industrial warehouse, she added. Besides the job openings, the Korean project includes buying 4.4 acres of land for its plant, and 0.7 acres for local offices. As part of the strategy, Seoyon will also install offices in McAllen.
The first step will be to hire staff and train them and have them ready before Seoyon EC starts its local operations, Ortiz Dominguez said.
According to Ortiz Dominguez, Reynosa is a competitive border town which offers logistics, infrastructure, and a qualified and experienced workforce to manufacture products to expand onto the international level.
Editor’s Note: This story was translated into English by Rio Grande Guardian editor Melva Lavín-Castillo. Click here to read the original posting in Spanish.