Attractive state
Monterrey is one of the most important industrial centers in Latin America and is considered one of the most attractive university cities in Mexico, with international universities and well-trained professionals. Festo is well connected there with important customers and technical universities, and maintains a Didactic training center and a sales office in this city.
"Nuevo León captured $2.332 billion dollars in foreign investment during the first quarter of this year, a record figure for that time period. Companies like Festo demonstrate the excellent climate for doing business that exists in Nuevo León and we welcome them," said Mitch Abundis, director of Investment for the Ministry of Economy.
IN BRIEF/
< Until now, Festo did not produce in Mexico, however, the country occupies a key position as a production site to supply North American markets and is becoming increasingly important for supplying the South American market. And now they will have a production plant in Nuevo León. >
The company in Mexico
In the country, Festo has had representations and operations for more than 50 years, with a presence in 176 countries, and is advancing in the consolidation of the leadership of Industrial Automation in North America.
That is why the Board of Directors of Festo has decided to acquire land in Monterrey (Nuevo Leon), to expand the capacity of the Business Regions in North America (NAM) and South America (SAM), with the new strategic focus "Local for Local", where the goal is to open the great growth potential of these markets.
IN FIGURES /
Investment:
$100 mmd
