Overview
- The facility will be located in Parque Industrial Kaizen in Colón and will produce camera modules, LEDs, motors, and automotive components.
- The first stage is set to add about 630 jobs, with state officials indicating plans to double the workforce thereafter.
- The announcement followed a meeting between Governor Mauricio Kuri and an LG delegation led by Taekjoo Lee, joined by Kyein Shin, Rin Kim, and Víctor Hugo Arroyo Jamaica.
- LG already operates a plant in San Juan del Río employing roughly 600 people, so the new site expands its footprint in the state.
- Officials did not disclose a construction schedule, start-of-production date, incentives, or capacity details, while noting nearly 50 active investment intentions in Querétaro.