Monterrey, NL. The company 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 St. Catarinawhere 100 highly specialized jobs will be created, since the firm of Chinese origin specializes in automation processes.
“We firmly believe that this land is the right place to carry out our development, because New Lion it has enormous growth potential due to its incomparable visionary spirit that characterizes it and is what has made this state a strong, well-communicated and hospitable entity for foreign investment.”
“From here we are going to work together with the whole world on growth projects in Nuevo León,” said Fang Te Chou, vice president of Noah Itech Mexico.
The Chinese capital firm provides design, installation and automation support services for the 3C manufacturing, as the segment of computing, communication and consumer electronics is known. In fact, high-tech products account for more than 95% of its total sales.
For her part, Sonia Gutiérrez Martos, Project Coordinator for Noah Itech Mexicostressed that the state has earned the respect of foreign companies, as there are more and more companies that want to be in this region.
After the ceremony for the laying of the first stone, the state authorities stressed that very soon the municipality of Santa Catarina will be on everyone’s lips, (in anticipation of the arrival of the electric vehicle assembly company Tesla).
This plant will become a Research and Development Center for automation and electronic technology, specialized in the automotive sector.
Noah Itech México’s clients are Tesla and GM, Google, Facebook, and companies dedicated to electromobility, such as Quanta Computer México, Tesla’s first level or Tier 1 supplier.
Noah Itech Mexico is expected to start operations at the end of the first half of this year.
The automotive sector plays an important role in the Foreign direct investment from Nuevo Leon. According to data from the State Ministry of Economy, 60% of investment this year refers to this industry.
The dependency estimated that in the fourth quarter of the year 4,000 million dollars of IEDa figure similar to the end of last year and in 2023 it is expected to exceed this figure.
During the present administration that began in October 2021 to date, 101 investment projects have been confirmed for 3.4 billion dollars, with the generation of 55,000 jobs.
The state will be able to guarantee the supply of electrical energy, in this sense it is working with the developers in an electrical Census, to specify the main investment poles.
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