Man Wah Invests US$200 Million in Nuevo LeonBy Emilio Aristegui | Mon, 08/22/2022 - 22:56
Investment holding Man Wah and the government of Nuevo Leon announced a US$200 million plant in the state, further expanding the state’s infrastructure projects.
“The Chinese company Man Wah Mexico announced today an investment of US$200 million to expand its facilities in Nuevo León. Governor Samuel Alejandro García Sepúlveda and the company's CEO in Mexico, Bill Chan, laid the first stone for the expansion of the new plant in Salinas Victoria, which will have an area of 200,000 square meters and offer up to 8,000 jobs,” reads a bulletin from Nuevo Leon’s government.
Governor García highlighted that Nuevo Leon is one of the most popular foreign direct investment (FDI) destinations in Latin America, claiming that the northern Mexican state ranks third in FDI in the region. The plant will be located in the Salinas Victoria municipality. He added that this investment will change the lives of thousands of families, while creating a boom in employment in the state and benefiting the local economy. Man Wah is China’s top producer of reclining sofas. In Mexico, the company produces reclining sofas and their components, such as motors, mechanisms and foam.
"There is no state in all of Mexico that has that potential and that attraction as Nuevo Leon has. We welcome a transnational company to our land, it is Man Wah, which is a world leader in the furniture industry, has a presence in over 100 countries and around 11,000 employees around the world," said García.
Iván Rivas, Nuevo Leon’s Minister of Economy, added that international companies find the most “capable” technical and professional personnel in Mexico. Rivas explained that companies find an adequate work culture that is clearly oriented towards producing high levels of quality, the best treatment and a government that respects the law.
“The teams from the different levels of government in Mexico have provided us with an excellent business environment and support for Chinese companies. For this reason, we have infinite and firm confidence in Monterrey,” said Chan.