Korean company Samsong arrives in Ramos Arizpe

Projects continue arriving in Coahuila since the announcement was made about the arrival of the Korean company Samsong, a fact that allows the State endorsed the entity status which led the Foreign Direct Investment (FDI) list per capita.

The automotive Asian company specializes in safety belts and systems production, being supplier for KIA Motors and Hyundai.

The company will be installed in Ramos Arizpe thanks to an initial investment of 15 million dollars and will generate 500 direct jobs and the beginning of operations is anticipated for January 2020.

Hyungchang Lee, owner and CEO of Samsong, said that the objective of his company is contributing to Ramos Arizpe development and in turn he thanked and congratulated himself for investing in Coahuila.

“My company is dedicated to saving lives, as we manufacture safety belts, I am sure more companies will come to invest in this state as we felt very welcomed by Coahuila,” said the businessman.

Meanwhile, Miguel Angel Riquelme, governor of the State, said that with the arrival of this new investment an economic strength message is send of the State of Coahuila.

He added that more than 500 direct jobs will be generated at the beginning of its operations, they gives the certainty of that the correct path is followed, and also provides responsibility to continue working keeping Coahuila employment stability, as that what international companies are looking for today.

Likewise he said that it is important for Coahuila to continue generating qualified workforce required by the country, and to face globalization challenges, he thanked Samsong for trusted Coahuila and confirmed their support to work closely and promote future expansion projects, thus contributing to state’s economy.

Jose Maria Morales Padilla, mayor of Ramos Arizpe was present at the announcement as well as Jaime Guerra Perez, secretary of Economy; Jorge Ramon Montemayor, undersecretary of Promotion and Strategic Projects; Dongwon Jong, president of Samsong and Kiuji Park, representative of Citius Capital for Korea.