Hofusan Industrial Park attracts Chinese companies; Daye will invest 120 million dollars in Nuevo León
By Lourdes Flores
November 29, 2022
The Hofusan Industrial Park, in the municipality of Salinas Victoria, Nuevo León, continues to attract Chinese companies. The Daye company , specialized in the production of power tools and smart products for the garden, will invest 120 million dollars in a plant that will employ 2,000 workers.
James Ye, president of Daye, commented to the press that they chose the state of Nuevo León after having seen many options in Southeast Asia, in Bangkok, in North Carolina, outside of China and Singapore; This was the best location for the industrial park, "we checked the entire environment."
“The global market is strong and growing. Daye's investment in Mexico is intended to continue expanding our growth in the North American market. North America continues to be the strongest market in the world for outdoor electrical equipment,” she emphasized.
This is the first plant that they are going to build in Mexico, which consists of two stages, in the first it covers an area of 50,000 square meters and in the second phase it will be 100,000 square meters.
The company's headquarters are in China and they have a presence in Hong Kong, the United States and Europe. Daye is one of the world's leading manufacturers of outdoor power equipment including lawn mowers, tractors, blowers, string trimmers and other lawn equipment.
It is worth mentioning that Hofusan Industrial Park is close to three canals: National Highway 85D, Highway No. 1, and the main freight railway line. Each channel can connect Monterrey with main cargo destinations.
In turn, Raúl Cantú, mayor of Salinas Victoria, highlighted that this municipality occupies the second place with the highest foreign direct investment (FDI) capture, this has generated an accelerated population growth. According to the Inegi Population and Housing Census, there is a record of 86,000 people, however the figures from the municipality indicate that the population has grown to 180,000 people.
Currently, they have technical high schools, however, they are reaching an agreement with the Autonomous University of Nuevo León (UANL), to have a University that specializes in engineering with terminal lines in Logistics and Information and Communication Technologies.
China represents 30% of the investment in Nuevo León
Iván Rivas Rodríguez, Secretary of the Economy of Nuevo León , commented to the press that in the third quarter of this year, “China represented 30% of the FDI that arrived in the state, the United States 20%, Germany 22 percent. There are 101 investment projects, we know that in five years they will generate more than 50,000 jobs, according to data with their own records," the official clarified.
He considered that China, as a country of origin, brings strong investments. “Today is 120 million dollars, with the creation of 2,000 jobs. The furniture manufacturer Man Wah will invest 300 million dollars; Kuka (robotics, software and service) carries more than 250 million dollars.
Until now we have 101 projects in the investment portfolio , which have already said yes, and confirmed their investment or expansion," concluded Rivas Rodríguez. "Right now Salinas Victoria is the second municipality with the greatest investment attraction, Apodaca is the first and Ciénega de Flores is number three."