In recent years, commerce and investment between Mexico and China has been quickly developed, that is why a Coahuila Committee led by the secretary of Economy, Jaime Guerra Perez, together with a team of Promotion and Strategic Projects, assured the visit to Coahuila of six Chinese companies, continuing the economic promotion tour that allows a greater attraction of foreign investment.
Meetings were established in Jiangsu Provence, mainly in the cities of Changzhou and Changshu, and according to Guerra Perez, great commercial cooperation is expected thanks to the friendship between this province and Coahuila.
“We held a meeting with 10 new companies with a potential investment project, manufacturers of the following products: Safety equipment and videoconferences; shelves for storage manufacturers; elevators and escalators; plastic injection: solar cells; heaters, and garden furniture, in addition of linoleum floor, molds and tooling, hydraulic jacks, and construction and design,” he said.
The Coahuila delegation provided follow-up to a company in the decision process for La Laguna Region, with 55 million dollars in investment and 1,200 jobs; as well as another one for the Southeast Region, in the expansion process, with 15 million dollars and 50 jobs; these belong to the tooling and auto-parts areas, respectively.
In addition of Guerra Perez, this tour was attended by the undersecretary of Promotion and Strategic Projects, Jorge Ramon Montemayor, as well as the director of Promotion and Investment, Sofia Delgadillo Diaz, together with three businessmen from different state regions: Carlos Brana Munoz, Rodolfo Garza Villarreal, and Carlos Bres Carranza.
“The search for new investments and the promotion of our state is important for us, with the objective of being able to offer better jobs and with that a better life quality for the people of Coahuila,” added Guerra Perez.
CLOSE RELATIONSHIP WITH CHANGZHOU
On their visit to Changzhou, the representative team of Coahuila gathered with Ding Chun, mayor of the Chinese city, who welcomed the Coahuila delegation to participate in the Advanced Technology Exhibition.
In recent years, Changzhou has developed close economic and commercial relations with Mexico, and the commerce volume between both has increased every year.
Jaime Guerra underlined that they expect that through this visit, economic and commercial cooperation between both places will continue promoting and the mutual benefit is achieved, mainly because of the friendship of this city with Saltillo the capital of Coahuila.
Together with this, the Coahuila delegation visited an exterior residential and commercial heaters manufacturer company – which due to strategic reasons asked not to be identified – that currently exports its products to the United States and Mexico, with customers such as Walmart, Costco and Sam’s Club.
An investment plan has started in Mexico, as a result of its growth, and Coahuila has been of great interest to this company, as the Port to Plains program will facilitate its operations and product distribution towards the American country.
Likewise, a meeting was held with companies dedicated to vinyl floors manufacturing, and he shared about the supports offered to companies looking to establish in the state since they are already analyzing the possibilities of settling in Mexico since most of their production is exported to the United States.
SUPPORT TO LOCAL COMPANIES
Guerra Perez said that a work meeting was held with the General Secretary of China Council for the Promotion of International Trade (CCPIT,) Gordon Kao, who underlined the importance of this meeting with Coahuila since Mexico is the second commercial partner of China in Latin America.
The secretary of the Economy detailed that two main points were addressed: Coahuila’s invitation to participate at the Products Import and Export Fair next year, as well as the cooperation through a platform, to help small and medium companies to invest abroad.
Likewise, he underlined that in their meeting with the head of CCPIT, they talked about the strength of the automotive industry in Mexico and that this sector represents a big part of the exchange between China and Mexico.
“In such meeting, Coahuila was congratulated for being the only State in Mexico participating in Auto Shanghai on April this year,” ended Guerra Perez.