VYNMSA Invests $100 Million in Coahuila: Begins Construction of Its Torreón Industrial Park, Set to Create 30,000 Jobs

Today marked the groundbreaking of the VYNMSA Torreón Industrial Park in Coahuila, a transformative project with an investment exceeding $100 million. This venture is expected to create a significant ripple effect, generating around 7,000 direct and 23,000 indirect jobs.

The first two industrial buildings in the park, one nearly 5,700 square meters and the other more than 11,100 square meters, are scheduled for completion starting in the first quarter of 2025. Coahuila Governor Manolo Jiménez Salinas noted that the strong demand for these facilities, expected to be high in the early months of the year, is a testament to the world-class infrastructure under development and the project's promising future.

Local officials, including State Secretary of Economy Luis Olivares and private sector leaders like VYNMSA CEO Mario Chapa and INMEX CEO Manolo Martín, emphasized that this new industrial park will not just boost but significantly elevate economic development. They highlighted the favorable conditions that make Torreón an attractive destination for foreign investment and a key driver of the local economy, sparking excitement for the region's future.

Data from the State Department of Economy shows that in the first half of 2024, Torreón's international sales—including exports and commercial transactions in foreign markets—exceeded $2.34 billion, marking the highest first-half figures in the past three years.

Torreón is a major production hub focused on automotive parts, electrical wires and cables, furniture, and textiles, which account for about 60% of the region's international sales. Nearly 87% of these exports are destined for the United States.

Following in the footsteps of Saltillo—one of northern Mexico's most significant industrial real estate markets, with nearly 75 million square feet of space and a vacancy rate below 1%, according to SiiLA—Torreón is positioning itself as a key industrial center in Coahuila.

Local officials stated that the VYNMSA Torreón Industrial Park reinforces Torreón's standing as an industrial development hub, especially as the state's security, labor stability, and competitiveness have been crucial in attracting such investments. This solidifies Coahuila's reputation as one of Mexico's most attractive destinations for nearshoring.

Representatives from VYNMSA and INMEX also pointed out that the park's strategic location and the immediate construction of speculative industrial buildings meet the region's growing demand for infrastructure.

To learn more about this and other developments in Mexico's industrial real estate markets, explore SiiLA REsource or contact us at contacto@siila.com.mx.