Yongmaotai Invests in Auto Parts Plant in Mexico
Chinese company Yongmaotai Automotive Technology has announced an investment of around US $63 million to build an auto parts plant in Coahuila, Mexico.
The investment aims to
“mitigate the impact of shifting global trade policies on its European and U.S. customers’ supply chains”, as reported by Yicai Global.
- Investment amount: US $63 million
- Location: Coahuila, Mexico
- Purpose: Produce aluminum auto parts
Yongmaotai, a Shanghai-based company, will set up a Mexican project company through its two Singaporean units to oversee the construction and operations of the new plant.
Author's summary: Yongmaotai invests $63M in Mexico auto parts plant.