PGI invests 540 million pesos to install its plant in San Luis Potosí

PGI will invest 540 million pesos in the new plant that will be installed in the Word Trade Center Industrial Park  in San Luis Potosí , and will generate 270 formal jobs , and will also act as a supplier of aluminum injection products, machining and precision finishes for important automotive brands worldwide. 

Michael Smith, president of the PGI Board of Directors, pointed out that they chose the entity from Potosi, since they found various competitive advantages, including the growth presented in recent years, the high availability of qualified human resources in the automotive field, union stability and labor, an established transport and logistics network and the development of infrastructure projects for the metropolitan area and its industrial area. 

For his part, Fernando Ibarra Jiménez, general director of the PGI San Luis Potosí Plant, highlighted that the entry into force of the Trade Agreement between Mexico, the United States and Canada , established important increases in the value content of the automotive parts manufactured in the region, a point taken into account by the Board of Directors of the company, determining to make the investment in this state to offer better competitive advantages than other regions of the country. 

"I thank Governor Juan Manuel Carreras and the Secretary of Economic Development, Gustavo Puente Orozco, for their decisive involvement and efforts to make it possible for this important investment to materialize, for the benefit of employment and development," commented the CEO.

Meanwhile, Gustavo Puente Orozco, Secretary of Economic Development highlighted that the important firm PGI, which will begin operations as of the following year, is a supplier to several of the most important automotive companies in the world such as Ford, General Motors and Volkswagen , and the company it projects to have sales in excess of $ 100 million .

Finally, Juan Manuel Carreras, governor of the state, pointed out that this investment announcement consolidates the path towards economic reactivation after the effects on the productive sector by Covid-19 and it is good news for the creation of new jobs and the growth trend of the manufacturing sector.