JUAREZ, CHIH – Electronic components manufacturer Vishay has expanded its operations in Ciudad Juarez, Chihuahua, after inaugurating a new plant in the border area with El Paso, Texas.
The company has started operations of a new plant in the Vesta Las Torres industrial park, where the mayor of Juarez, Cruz Perez Cuellar highlighted that in addition to the economic success of Vishay and Vesta, both companies have a commitment with the community and work together in tasks such as fixing public parks.
For the expansion of the maquiladora, US$23 million were invested during the first year for the installation of machinery, equipment and building improvements. This growth will enable the hiring of 700 new employees.
Vesta, a leading industrial real estate company in Mexico, invested US$9.3 million in the infrastructure and construction of the building.
Diego Berho Carranza, Vesta’s national portfolio director, said that Ciudad Juarez is a strategic location because of its steady growth in the maquiladora industry, which did not stop with the pandemic.
The inauguration ceremony was attended by Mario Humberto Chacón Gutiérrez, vice president of Vesta; Saúl Rodríguez, director of Human Resources of Vishay; Sergio Valencia, director of operations; Oscar Ibáñez, representative of the governor in Ciudad Juárez.
Mayor Perez Cuellar highlighted that Ciudad Juarez has a privileged location in the global environment. He indicated that currently there is a kind of relaunching of the maquiladora industry in the region where better paying jobs are now being offered, therefore he reiterated his commitment to continue working together.