LGMG to invest $5 billion in Nuevo Leon, Mexico

Lingong Machinery Group (LGMG) signed a memorandum of understanding with the government of Nuevo Leon to invest $5 billion in the state, creating 7,000 jobs. The project includes a new plant for articulated electric elevators, an industrial park, and will be implemented in three phases starting with land acquisition in October 2023, with first phase completion in July 2024.

“LGMG and the government of Nuevo Leon signed a memorandum of understanding, agreeing that the company will support an entire supply chain related to elevator construction, machinery and equipment.”mexicobusiness.news

• 1 source
• mexicobusiness.newsLGMG to Invest US$5 Billion in Nuevo LeonOct 17, 2023

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