Canadian Company Magna International Invests in Mexico

Magna International invests in Mexico
The firm will allocate more than $ 100 million to build an automotive stamping plant in SLP, the President also officially an investment of 365 million dollars of Iberdrola in two projects in the country.
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The chief executive of Magna International, Don J. Walker (right) and President of Mexico, Felipe Calderón (left). (Photo: Notimex)


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Davos 2011, the new reality DAVOS (Sports Network) - The president of Mexico, Felipe Calderón Hinojosa , met with the chief executive of Magna International Company , Don J. Walker , who announced they will invest over 100 million dollars for the construction of a new automotive stamping plant in San Luis Potosi.

As part of the work of the 2011 Annual Meeting of World Economic Forum , President Calderon said the meeting in which it was revealed that the complex will create 700 direct jobs.

The new plant will occupy an area of 41.800 meters square and is expected to be inaugurated in June 2012, and once it reaches full capacity is expected to produce assemblies and stamped parts.

This is the plant number 31 of the company in Mexico since its installation 18 years ago, it now has 30 manufacturing plants and branches of engineering, product and sales in seven Mexican states: Sonora, Nuevo León, Coahuila, San Luis Potosi, Guanajuato, the state of Mexico and Puebla , where it employs nearly 13,000 people.

The production platform in Mexico is the fourth most important global Magna, exceeded only by the soles of Canada, the United States and Germany , and the company has 245 manufacturing facilities worldwide, divided into five continents.

Among his clients include: Audi, BMW, Chrysler, Fiat, Mercedes Benz, VW, Saab, Kia, Toyota, Mazda, General Motors, Subaru, Freightliner, Jaguar, Hyundai, Opel, Porsche, Mitsubishi Motors, Suzuki, PSA Peugeot Citroën Renault, Nissan, Honda and Daimler.

Oaxaca winds and Salamanca

Calderon also met with President of the Spanish company Iberdrola, Ignacio S. Galán, to present the investment of $ 365 million for the construction of two projects that consist of a cogeneration power and a wind farm.

The first project consists of a cogeneration power to be located in Salamanca, Guanajuato, and was awarded through an international tender failure that occurred last December and will create 500 jobs directly.

This company is the leading Spanish energy group, a global leader in wind electricity generation and one of the largest companies in this sector, and currently has a presence in 40 countries, employing over 33 thousand people.

The Spanish company said its growth plans will focus particularly in Mexico, Brazil and Eastern Europe.