Coahuila's Automotive Industry Gains Momentum with Magna International's $166 Million Venture

By Editorial Team


March 22, 2024

Magna International has announced a significant investment of 166 million dollars in Ramos Arizpe, Coahuila, marking a pivotal development for the automotive manufacturing sector in the region.

The company's latest project entails the production of electrical and structural components for electric vehicles, a move that is expected to create 700 direct jobs. Magna International's decision to expand its operations underscores its confidence in Coahuila's potential as an investment destination.

During a recent event, company executives emphasized Coahuila's advantages, citing factors such as skilled labor, competitiveness, security, and strategic location. This affirmation reaffirms the region's appeal to global investors seeking sustainable growth opportunities.

With a current presence of 10 plants in Coahuila, employing over 15,000 individuals, Magna International is deeply entrenched in the state's economic landscape. The additional plant further solidifies its commitment to aligning with the latest trends in the automotive industry.

Governor Manolo Jiménez Salinas of Coahuila expressed appreciation for Magna's continued confidence in the state. He underscored the government's commitment to fostering a conducive environment for business growth, emphasizing initiatives such as dual education and collaborative efforts with stakeholders.

Fernando Moreno, Vice President of Legal Services at Magna in Mexico, highlighted the company's global standing as a key supplier to the automotive industry. With 32 manufacturing facilities and nearly 30,000 employees across Mexico, Magna's investment in Coahuila underscores its strategic vision for growth.

Joan Escrig, Group General Manager Ramos Arizpe, Muncie & Shelby Township, emphasized the importance of government support in facilitating Magna's projects. He underscored the alignment between Magna's objectives and the broader socioeconomic development goals of the region.

In conclusion, Magna International's investment signifies not only a significant boost to Coahuila's economy but also a testament to the state's potential as a thriving hub for automotive manufacturing. As the project unfolds, it is poised to contribute to job creation, technological innovation, and sustainable development in the region.

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