Samuel Garcia Sepulveda, the Governor of Nuevo León, has been on an official tour of China over the past several days, focusing on attracting investments to the Mexican border state of Nuevo León. Through his ‘X’ social media handle, Governor Garcia made a significant announcement regarding Lingong Machinery Group (LGMG), a prominent manufacturer of construction and mining machinery. LGMG is set to establish a new manufacturing facility in Nuevo León, marking a substantial investment in the state.
The Governor confirmed that this new investment is valued at millions of dollars and was secured as part of the collaborative efforts made by members of his cabinet during their tour of China. According to García, the investment is estimated to reach an impressive $5 billion and is expected to generate approximately 7,000 employment opportunities for the people of Nuevo León.
The project’s execution will be carried out in three distinct phases. The first phase will commence with the acquisition of land in October 2023, followed by the planning and construction phase in December of the same year. The completion of the initial phase is anticipated by July 2024.
In addition to the LGMG venture, Trina Solar, a leading Chinese solar panel manufacturer, has expressed its commitment to investing up to $1 billion to establish a new factory in Nuevo León. Furthermore, Kawasaki Heavy Industries, a renowned Japanese corporation, has pledged $200 million for the establishment of a production facility within the state.
Governor Samuel Garcia Sepulveda’s visit to China has indeed paved the way for a series of substantial investments, positioning Nuevo León as a promising hub for diverse industries, from construction and solar energy to heavy machinery production.
