Tijuana has received investments for US$600 million
Tijuana, Baja California.- In 2012, Tijuana has received around US$600 million in investment, mainly from manufacturing industry, which has materialized in several plant expansions.
According to Tijuana’s Minister of Economic Development, Miguel Velasco Bustamante, upon closing May several large companies had expanded their premises, including Hyundai, Mabamex, Medtronic, Turbotec, Welch Allyn and Plantronics.
“Our promotion among industries, such as automotive, aerospace, plastics and medical products, has been quite aggressive. We have statistical information about expansion by existing companies and the establishment of new companies; though expansions have been more significant”, he said.
He further said that new projects should keep on coming throughout the year, since there is information about growth of existing companies. “Maybe we will close with figures very similar to 2011, US$1.120 million”, he said.
Source: El Economista | Date: 22/06/2012