Mapay to invest nearly US $ 670 million in Mexico

Map will invest $ 668 million in Mexico between 2025 and 2027, the Mexican International Home App Institute.

Investment Notification Thursday President Claudia Shinbam arrived during a daily press conference. Shinbam thanked Mabe for its confidence in the time of Mexico’s US charges.

General director of corporate affairs, Pablo Moro, has promised Mexico to design, manufacture and distribute home appliances to more than 70 countries.

“We believe that Mabe’s growth is the growth of Mexico,” said Maneno. “We will continue to innovate and invest for the country, its talent and its industrial skills.”

With this latest addition, Mab would have invested $ 1.1 billion in Mexico since 2023.

This investment said “not only strengthen the invention, design and product development skills, but also enhances the national economy, while creating opportunities and integrating national distribution (home appliances).”

“Our aim is clear,” Mono said, “To keep Mexico globally on home appliances … by investing in technology, standard processes and investing in our employees … because we believe in Mexico’s ability.

Mapay’s announcement came as Mexico weighs a response to US charges for steel and aluminum imports, It came into effect on Wednesday. The government plans to respond after April 2, and a wide range of fees on Mexican products may be implemented.

Economic Minister Marcello Ebert said that although the company’s acceptance of equipment to the United States is significant exporter, Main’s investment will be maintained without fees.

The Mab has a strong presence in the North American market, primarily refrigerator, gas and electric limits and dryers. It also features production investments in the US and Canada, the legacy of a strategic alliance with General Electric, which lasted from 1987 to 2016.

Ebraht said the investment of Mabey would fall in a beautiful Shinbam’s ambitious project Mexico.

“This investment is not only important to creating work but also for industrial growth, which explains the commitment of Mabe in the national economy,” said Ebert.

Ebraht also highlighted the strategic approach to increase local production and rely on imports from Asia.

With reports from Reform And Mexico industry