The municipality of San Juan del Río, in Queretarofaces an economic blow after the confirmation of the closure of the Mitsubishi Electric planta Japanese company with more than four decades of operation in the region.
The company will move its production line of traction motors and control boxes for electric trains to Chinaa decision confirmed by Mayor Roberto Cabrera Valencia, after meeting with corporate executives.
You may also be interested in: Banco de México Association issues new anti-money laundering recommendations to banks
Although the company will release the details in conjunction with the Industrial AssociationCabrera assured that he trusted that Mitsubishi will act responsibly to mitigate the impact among its more than 200 specialized workers, who could be left unemployed.
The plant 2 of Mitsubishi Electric It was a benchmark in advanced manufacturing and the only production center outside Japan.

90% of the production was exported from Mexico
90% were exported from San Juan del Río. of production to four continents, with a volume of up to a thousand electric motors per yearmany of them destined for the Mexico City Metro and the Suburban Train.
The municipal president did not rule out that relocation responds to pressures derived from North American protectionismas well as the search for new markets in Asia.
You may also be interested in: Viva, Volaris and Aeroméxico speak out against sanctions against the AIFA and the AICM
The firm’s departure, he said, underscores the challenges Mexico faces in maintaining industrial competitiveness in the face of a changing global environment.
Mitsubishi’s departure implies the loss of foreign investment and qualified jobs, as well as an adjustment in the Mexican railway value chain, which will now have to rethink its local production capacity in the face of growing Asian competition.
The post Mitsubishi Electric closes plant in Querétaro after 40 years of operation appeared first on Veritas News.