IKD to invest 3 billion pesos in Guanajuato, Mexico to produce auto parts

IKD, a Chinese company, announced plans to invest 3 billion pesos in the Mexican state of Guanajuato to produce various automotive parts. The company has set up a factory in the Irapuato Industrial Park in the state, mainly serving companies such as Bosch, Valeo, Mitsubishi, Mubea and Seg Automotive. The new investment is expected to create about 1,000 jobs.