Investment of $540 million in San Luis Potosí

After a meeting with the PGI CEO, Juan Manuel Carreras López, San Luis Potosí (SLP) governor, announced that the company will invest 540-million pesos in the construction of a new factory in the state. This building is part of a government strategy to attract new enterprises to San Luis Potosí industrial zone.

The GPI factory, slated to open in the first quarter of 2021, will be located in the World Trade Center (WTC) industrial park and will create more than 270 new jobs at the same time it solidifies the automobile clusters in SLP by acting as a supplier of steel injectors, mechanic parts and precise finishes for important worldwide brands such as Volkswagen, Ford, and General Motors. Carreras López affirms that the project announcement consolidates the course towards the economic reactivation of the state because “this complex stage is a trust incentive for investors, making them see San Luis Potosí as an ideal place for business.” The governor also announced that Metal Technologies, another auto parts supplier, will invest 528-million pesos (approximately 26.4-million dollars) to expand its factory in WTC II, thus generating 175 additional jobs.

Fernando Ibarra Jiménez, PGI SLP Factory CEO, pointed out that the USMCA allowed to increase the value content of the auto parts manufactured in the region. Michael Smith, PGI Administration Board president, emphasized that San Luis Potosí offers a lot of competitive advantages to the company by having a great availability of qualified human resources for the automobile industry, syndicate and work stability, a logistic and transportation network, as well as the government support for the development of infrastructure projects in the metropolitan and industrial areas. 

San Luis Potosí is consolidating itself as one of the new industrials centers in Mexico, increasing its connectivity and commercial activity with cities such as Mexico City, Toluca, Querétaro, Puebla, Guanajuato, Guadalajara, Zapopan, Zacatecas, Durango, Gómez Palacio, Torreón, Saltillo, Monterrey, Chihuahua, Tampico, Tijuana, Mexicali, Hermosillo, Obregón, Los Mochis, Culiacán, Mazatlán y Tepic.