Mexico. Teco Electric & Machinery, of Taiwanese origin, will invest 10 million dollars to build a plant in the municipality of Ciénega de Flores, Nuevo León, Mexico, where it will manufacture up to 150,000 low-voltage, high-efficiency motors per year.
This plant is the first to be installed in the country, and with it is expected to generate 200 new jobs.
"Nuevo León is already a benchmark in electromobility, so companies from all over the world, such as Teco Electric & Machinery, come to join this sector, because here we have the most prepared human capital and the necessary infrastructure," said Iván Rivas Rodríguez, Secretary of Economy of Nuevo León.
Teco President Sophia Chwen-Jy Chiu explained that this plant will be the production base in North America and will move part of the production from Asian factories to nearby supply markets to reduce the risks of long supply chains and improve competitiveness.
Teco Electric & Machinery is present in 40 countries and has 14,000 employees worldwide.