Advertising


News


Sumitomo Electric Wiring Systems, first automotive Tier 1 investment in Tabasco

By Redacción

Tabasco

August 14, 2023





First manufacturing plant of electrical harnesses for vehicles

Sumitomo Electric Wiring Systems (SEWS) announced its arrival in Tabasco, being the first  investment by a Tier 1 supplier of the automotive industry  to the entity.

The Japanese company will invest around 10 million dollars to install  its first  electrical harness manufacturing plant for vehicles in the municipality of Cunduacán , an injection of capital that marks a milestone in the history of the region's economic development.

In the company of Tokiji Oayama, president of  Sumitomo Electric Wiring Systems , he assured that the company is within the supply chain of customers such as  Toyota, Honda, Nissan, Kia, General Motor and Ford Motors .

The new production factory  "Site 1" will be installed in the  Tabasco Business Center Industrial Park  (TBC). Throughout 2024 it will be generating around 700 direct jobs, which in one fell swoop will almost double the number of jobs offered by companies based in TBC, today with a workforce of around 1,000 employees. 

Tokiji Oayama highlighted the confidence that the automotive industrial group has in the state of Tabasco, as well as the conviction that exists in the high quality of its workforce and the competitiveness of the southeast of Mexico.

"We have decided to expand our operations to the state due to the commitment it shows to face the challenges. With the joint effort of state and municipal authorities, and the commitment to continue this business based on professionalism and communication, the objectives of this great project".

For his part, the governor of Tabasco, Carlos Manuel Merino Campos, thanked the Japanese company for having set eyes on the entity to land the first of many investments in the automotive sector. 

Economic dynamism in Tabasco

He reiterated that, currently, Tabasco is a state with great economic dynamism and competes on a par with more developed and industrialized entities such as Mexico City, Nuevo León, Jalisco or Guanajuato, and highlighted that SEWS investment  , beyond Its positive economic impact means the opening of the first industry in the automotive industry in shocking lands.

Likewise, the head of the  Secretariat for Economic Development and Competitiveness (Sedec), José Friedrich García Mallitz, stated that Tabasco is emerging as a new benchmark on the industrial horizon, and as a land of opportunities to attract nearshoring  investments .

“The arrival of SEWS positions our entity as a pole of attraction for world-class industrial and manufacturing investment, while helping economic diversification, continuing the state industrialization process, and stimulating the creation of well-paid specialized jobs. ”

Share this post:


< BACK