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New business in Maxico
Judging that we are competitive also in Mexico based on productivity and quality competitiveness in existing China corporate, DAEYEONG E&B Co., Ltd. established a local corporate Daeyeong Mexico, S.A.DE C.V. in Cheretaro, Mexico, by investing 15 million dollars. This is the 4th local corporation followed by Korea, China, and Vietnam.
It is with rational wage structure of Mexico and geographically close to and North America, the world‘s biggest consumption market, and has advantages that we can conclude Free Trade Agreement (FTA) with 44 countries in the world, including North and South America, Europe, as well as minimize tariff upon export. The domestic market having 120 million of consumption population is one of the reasons that domestic/overseas companies invest to Mexico.
It is with rational wage structure of Mexico and geographically close to and North America, the world‘s biggest consumption market, and has advantages that we can conclude Free Trade Agreement (FTA) with 44 countries in the world, including North and South America, Europe, as well as minimize tariff upon export. The domestic market having 120 million of consumption population is one of the reasons that domestic/overseas companies invest to Mexico.
And as it is close to Samsung Mexico Sales Corporation (SEM) (about 3.4 km), availability for prompt product supply is considered to be the biggest advantage.
Though advancement to Mexico this time DAEYEONG E&B Co., Ltd. aims at leaping toward a global manufacturing company pursuing ‘next generation top-rank product’ based on technical power accumulated for over 30 years, at the same time securing the base of production and sales, being equipped with production facilities such as press, injection, molding, and painting line on the site in 14,400㎡ (about 4,356 pyeong) size.
Though advancement to Mexico this time DAEYEONG E&B Co., Ltd. aims at leaping toward a global manufacturing company pursuing ‘next generation top-rank product’ based on technical power accumulated for over 30 years, at the same time securing the base of production and sales, being equipped with production facilities such as press, injection, molding, and painting line on the site in 14,400㎡ (about 4,356 pyeong) size.
