CVG announces investment of 5 million dollars in a new plant

Investment projects for State regions industrial development continue arriving in Coahuila territory, since the American automotive company CVG Commercial Vehicle Group Inc., announced the investment of 5 million dollars in the settlement of a plant in the municipality of Morelos, which will generate 1,200 direct jobs.

CVG is a company of the automotive sector, harnesses manufacturer, which will be settled in Morelos due to the proximity of the border that turns it on a strategic location, as well as one of peace, tranquility and labor confidence prevailing in Coahuila.

Ron Gray, general director of CVG, said that it is a global company with an important investment in the Derramadero area, in Saltillo, and it currently focuses in the Northern Region, in Morelos, where it will have the opportunity of growing together, the company and the municipality.

He noted that Morelos was chosen for its high potential and strategic location of the industrial building where they will settle, which will allow CVG to continue securing as a quality and internationally recognized company.

He said that as of mid-June their doors opened to manufacture different components, such as harnesses, that will be manufactured in this plant with highly developed technology, a production that is expected to be increased every month.

Meanwhile, Miguel Angel Riquelme, governor of Coahuila, underlined the economic development of this Northern Region gets stronger with investment projects from different origins, mostly belong to the automotive industry and energy sector.

“Morelos receives great news: the arrival of CVG, a bit North American company present worldwide, with several locations in four continents and more than 5,000 employees,” said the official, noticing that for ten years, any factory of this magnitude had not been installed in the municipality.

“CVG will benefit the economy of Morelos families, and with their bet on this region we add 54 new investment projects in our administration,” added Riquelme Solis.

Finally, Gerardo Xavier de Hoyos, mayor of the municipality, said that the economic activation of Morelos comes true with the settling of the company, and it will be a great trigger in the benefit of the population.