Mérida, Yucatán — Not content with just one factory in Mérida, Leoni Wiring Systems has broken ground on a second.
The Nuremberg, Germany-based conglomerate is building on a plot of land at the start of the Mérida-Campeche highway. It represents an investment of US$37.5 million dollars and the creation of 2,000 jobs. The first plant, east of the Periférico, has about 2,600 workers and has been in operation for six months.
This is not just its second plant in Mérida, but its fourth in Mexico.
The European company manufactures cables and cable systems for the automotive sector and other industrial customers. Leoni has more than 86,000 employees in 31 countries and generated combined sales of 4.9 billion euros in 2017.
Its first plant has been running so smoothly, said José Conceicao, Leoni’s director of operations in the Americas, the company was persuaded to build its second plant.
“What we have are results, not just impressions that things work here,” said Conceicao. “That’s why it was relatively easy to convince the corporation that Yucatán is the right state to invest and build what will be our fourth harness plant in Mexico.”
Leoni’s first Mexican plant was in Hermosillo, followed by one in Durango. The latest one is expected to be inaugurated in the first quarter of 2019.
In addition to José Conceicao and Gov. Rolando Zapata Bello, the start of construction was witnessed by Fernando Torres Parraud, general director of ProMéxico and representative of the Secretary of Economy, Ildefonso Guajardo Villarreal; Michel Salum Francis, president of the Business Coordinating Council; Wolfgang Kresse González, honorary consul in Mérida of the Federal Republic of Germany; Ernesto Herrera Novelo, Secretary of Economic Development, and Adolfo Peniche Pérez, delegate of the Ministry of Economy.
The governor affirmed that investments such as this one demonstrate Yucatán’s high levels of competitiveness.
“Without a doubt, the state has dynamic growth and development,” said Zapata Bello. “Today world-class companies like Leoni come and not only that, but they find what they seek and expand their investments.”
The governor, who is near the end of his six-year term, has stressed industrialization to grow the local economy.
Source: Diario de Yucatán