Investment Details and Impact
With an investment of 250 million pesos, Tere Jiménez, the governor of Aguascalientes, inaugurated new facilities for Japanese company Advanced Composites. This expansion includes a new warehouse that will increase the company’s production capacity to meet the needs of both national and international clients.
- The investment will allow Advanced Composites to expand its production capacity.
- Japanese investments in Aguascalientes have accumulated over 8 billion dollars, with 120 companies generating more than 186,000 jobs.
Japanese Investment in Aguascalientes
Tere Jiménez highlighted the significance of Japanese investments in Aguascalientes, emphasizing their role in transforming the state into a global automotive powerhouse and attracting more Japanese capital than any other Mexican state.
From 1999 to the fourth quarter of 2024, Japanese investments have totaled over 8 billion dollars in Aguascalientes, with 120 Japanese companies operating in the region and creating more than 186,000 direct and indirect jobs.
Strategic Importance
Aguascalientes, as a logistical hub for the Americas and a gateway to the world’s largest market, plays a crucial role in global competitiveness. The governor stressed the importance of collaboration with countries worldwide, driven by talent, cooperation, and unity.
Reactions from Company Leaders
Yoshio Sugimoto, president of Advanced Composites México, expressed gratitude to Tere Jiménez for her support and the creation of favorable conditions for business growth.
Pedro Padilla Padilla, vicepresident of Advanced Composites’ supply chains, explained that the company is a leading manufacturer and supplier of polypropylene compounds for Mexico’s automotive industry. With the new facilities, their daily production capacity will increase to 350 tons, reaching an annual total of 120,000 tons.
Local Government Recognition
Margarita Gallegos Soto, the mayor of San Francisco de los Romo, acknowledged the confidence that investors have in the municipality and thanked Tere Jiménez for her vision and commitment to providing opportunities.
Esaú Garza de Vega, the state’s secretary for economic development, science, and technology, emphasized Japan’s crucial role in Aguascalientes’ economy as a key trading partner. He expressed the desire to strengthen ties with Japan and continue creating conditions for industries to thrive.
Key Questions and Answers
- What is the purpose of the new warehouse? The new warehouse will increase Advanced Composites’ production capacity to meet client demands.
- How much has Japan invested in Aguascalientes? Japanese investments have totaled over 8 billion dollars in Aguascalientes.
- How many jobs have been created by Japanese companies? Over 186,000 direct and indirect jobs have been generated by 120 Japanese companies.
- What is Advanced Composites’ role in Mexico’s automotive industry? Advanced Composites is a leading manufacturer and supplier of polypropylene compounds for Mexico’s automotive sector.
- Why is Aguascalientes strategically important for global competitiveness? As a logistical hub and gateway to the largest market, Aguascalientes plays a crucial role in global competitiveness through collaboration with countries worldwide.
