Advance Composites Inaugurates New Facilities to Boost Production Capacity
Aguascalientes, Mexico: The Japanese company Advanced Composites recently inaugurated its new facilities in the municipality of San Francisco de los Romo, investing over 250 million pesos to increase production capacity and meet the demands of national and international clients.
Governor’s Recognition of Japanese Investment
María Teresa Jiménez Esquivel, the Governor of Aguascalientes, officiated the inauguration ceremony. She emphasized the significance of Japanese investment in the state’s economic development, highlighting Japan’s crucial role as an ally since the late 20th century in establishing Aguascalientes as a global automotive powerhouse.
“Aguascalientes has always welcomed investments, as it provides a conducive environment for businesses to thrive and expand. Japanese investments have been instrumental in solidifying Aguascalientes as the Mexican state with the highest Japanese capital investment historically,” stated Jiménez Esquivel.
According to official data, from 1999 to the fourth quarter of 2024, Japanese investments in Aguascalientes have exceeded $8 billion. Currently, 120 Japanese companies operate in the state, generating over 186,000 direct and indirect jobs.
Aguascalientes’ Strategic Importance
The Governor reiterated her commitment to providing a stable and growth-oriented environment for investors. “As the logistics hub of the Americas and gateway to the world’s largest market, Aguascalientes plays a vital role in global competitiveness,” she affirmed.
Company Leadership’s Gratitude
Yoshio Sugimoto, President of Advanced Composites Mexico, expressed appreciation to the state government for fostering a business-friendly atmosphere.
“Mexico, and particularly Aguascalientes, possess immense potential for continued growth despite the global economic landscape. We will keep contributing to Mexico’s and Aguascalientes’ development,” Sugimoto affirmed.
Production Capacity Expansion
Pedro Padilla Padilla, Vice President of Supply Chain at Advanced Composites, announced that the expansion would boost daily production to 350 tonnes, resulting in an annual output of 120,000 tonnes of polypropylene compounds primarily for the automotive industry.
Supporting Government Officials
Margarita Gallegos Soto, the Municipal President of San Francisco de los Romo, and Esaú Garza de Vega, Secretary of Economic Development, Science, and Technology for the State, also attended the event. They expressed gratitude for investors’ confidence and reaffirmed their commitment to strengthening ties with Japan, a key trading partner for the state.
Key Questions and Answers
- Who is Advanced Composites México? Advanced Composites México is a Japanese company operating in Aguascalientes since 1994, specializing in the production of polypropylene compounds primarily for the automotive industry.
- What is the purpose of the new investment? The investment aims to construct a new warehouse, increasing production capacity to meet growing demand from national and international clients.
- Why is Japanese investment significant for Aguascalientes? Japanese investments have been crucial in establishing Aguascalientes as a global automotive hub and have contributed to the creation of over 186,000 jobs in the state.
- What is Aguascalientes’ strategic importance? As a logistics hub and gateway to the largest market in the world, Aguascalientes plays a vital role in global competitiveness.
- What will be the impact of the production capacity expansion? The expanded production capacity will enable Advanced Composites México to produce 120,000 tonnes of polypropylene compounds annually, primarily for the automotive industry.
