Koch Industries has announced a substantial investment of $150 million to expand its operations in the state of Jalisco. Executives from Koch Industries held a meeting with the Governor of Jalisco, Enrique Alfaro Ramírez, where they reaffirmed their commitment to continue investing in the region.
The company's Vice President, Phillip Ellender, confirmed their intention to pursue their growth plan in Jalisco, which will result in the creation of over 550 new highly skilled jobs within the next two years. He emphasized their decision to establish their subsidiary, Koch Global Services, in Guadalajara to provide back-office services such as finance, recruitment, and technical support. This move was made in recognition of the specialized talent available in the state, capable of handling the operations for more than 10 companies spanning from Canada to Argentina and Spain. It is expected that this decision will lead to a fourfold increase in job opportunities over the next four years.
Technology and innovation
Xavier Orendáin De Obeso, the Chief Strategic Officer for Growth and Economic Development in Jalisco, highlighted the significance of the Jalisco Tech Hub Act, a public policy that attracts such investments and promotes the development of proprietary technologies with local talent. He stated, "Jalisco's recognition for its capabilities in high technology and innovation is a testament to the trust and confidence that the private sector places in the region. With these investments, we reaffirm our commitment to large enterprises and the development of human capital."
In 2022, Molex, a subsidiary of Koch, inaugurated its electronic connectors manufacturing plant on a 120-hectare site in Zacoalco de Torres, with an initial investment of $130 million.
The second phase of this expansion involves the construction of a new plant with an investment exceeding $150 million, expected to be completed by 2025. This facility will encompass an additional 100,000 square meters, positioning the state as a global supplier of advanced engineering and large-scale production solutions for medical devices, electric mobility, and smart cellular devices.
César de Anda, the head of the Advisory Council for Innovation, Growth, and Sustainable Development (COINCyDES), and a Jalisco-based entrepreneur, emphasized the essential nature of these collaborative efforts, fostering comprehensive economic development through investments and the creation of highly remunerative job opportunities.
Koch Industries is one of the world's largest private companies, with over 120,000 global employees in more than 60 countries. In Mexico, it operates more than eight companies in strategic sectors, providing employment to 6,500 Mexicans, including 5,000 from Jalisco.