XCMG Construction Machinery will invest 50 million dollars to establish itself in Nuevo León
By Elenne Castro
March 9, 2022
XCMG Xuzhou Construction Machinery Group Co., Ltd. announced an investment in Mexico, to establish a new production plant in Monterrey, Nuevo León.
Along with this news, American Industries Group confirmed that the Chinese company will have its Shelter Administrative Services , with the intention of facilitating its arrival in the region.
XCMG has more than 40 manufacturing plants and six R&D centers in more than ten countries, including Germany, the United States, Brazil and India, as well as 40 overseas offices.
Additionally, the company specializes in construction machinery manufacturing and is ranked as the third largest OEM in its industry in 2021, by the KHL Yellow Table .
In Mexico, the company will be generating 235 new jobs , will have an area of 7,000 square meters and will produce scissor lifts (PEMP) for the North American market.
The planned investment for the first phase is estimated at more than 10 million dollars , and a second phase is planned for 2023 with an estimated capital injection of 40 million dollars.
By the summer of 2022, the company expects to be exporting 30 containers a month , primarily to Laredo, Texas, and to reach full production by the end of the year.
American Industries has helped more than 250 international companies start and grow their manufacturing and distribution operations in Mexico through its Shelter and Industrial Real Estate Administrative Services .