Japanese investment project number 1,000 arriving in Mexico

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JFE-Steel, provider of galvanized steel for the automotive sector, is the company number 1,000 with investment in Mexico, informed Ildefonso Guajardo Villarreal, Minister of Economy. According to the report, JFE-Steel is investing US$270 million on a factory which will be located in Silao, Guanajuato. The plant will have a capacity of production of 400,000 tons of galvanized steel plates for automotive production, and it will generate 300 jobs. Its construction will start next February, whereas production is scheduled for 2019.