Imasen Electric to set up new plant in Mexico  [ Mexico ]

Imasen Electric Industrial Co., Ltd. announced that it will invest 18 million USD, approximately 1.4 billion yen, to establish a new plant in Guanajuato, Mexico in August 2012. The new company, which will be capitalized at 5 million USD, approximately 400 million yen, will manufacture and sell automotive parts. Production is expected to begin in January 2014. (From a press release on June 8, 2012)
<Jun 08, 2012>