Yesterday, MKDC Kodaco, a Korean company and a leading player in the automotive industry in Asia, inaugurated its second factory in Mexico. The new plant, located in the Ramos Arizpe industrial submarket in Saltillo, is expected to generate 600 new jobs. To expand its operations, the company announced an investment of $70 million.

According to SiiLA Market Analytics, MKDC Kodaco's first plant in Ramos Arizpe, which arrived in Mexico over six years ago, is a Class A building with over 8.1 thousand square meters of gross leasable area (GLA). As of the fourth quarter of 2022, Korean companies ranked sixth among companies of foreign origin with the most occupied square meters in the Saltillo industrial market. SiiLA's data indicates that the presence of Korean companies in Saltillo has increased by 8% over the last year.

MKDC Kodaco specializes in aluminum casting and supplies various vehicle components, including climate controls, transmissions, hydraulic parts, and brake systems. In Mexico, the company is a supplier to Tesla, and their commercial relationship is expected to strengthen with the installation of Tesla's gigafactory in the industrial submarket of Santa Catarina, Nuevo Leon.

The state government confirmed that MKDC's global investment in Coahuila will amount to $170 million, indicating the positive impact of the diversification of companies in the region. The Governor of Coahuila, Miguel Angel Riquelme Solis, stated that the first two months of 2023 have seen more than ten new companies enter the state, surpassing last year's average.

Currently, Coahuila is the largest exporter of transportation units in Mexico, largely due to the production capacity of the state's auto parts companies. For more information and insights on Mexico's commercial real estate market, please visit SiiLA or contact us at contacto@siila.com.mx.