As per the state governor Samuel Garcia, Japanese motorcycle maker Kawasaki would spend $200 million to build a manufacturing facility in Nuevo Leon, a state in northern Mexico. Garcia, who is at the moment in Tokyo, made the investment announcement via a tweet on the social media site X, formerly known as Twitter, without going into greater information about Kawasaki's ambitions for the factory.
Mexico's government issued a decree granting tax breaks for foreign companies wishing to launch operations in Mexico earlier this week, which Garcia said he discussed with executives of the Japanese company. Kawasaki produces so-called powersports vehicles including motorcycles and ATVs, as per reuters.
Kawasaki Heavy Industries Ltd. is a Japanese public multinational firm with headquarters in Ch, Kobe and Minato, Tokyo, which produces bikes, engines, heavy equipment, aerospace and defense equipment, rolling stock and ships. Additionally, it is engaged in the production of gas turbines, pumps, boilers, industrial robots, and other items. Shz Kawasaki, the business's creator, is honored with the name.
Along with Mitsubishi Heavy Industries and IHI, KHI is regarded as one of Japan's top three heavy industrial producers. Prior to the Second World War, Kawasaki Steel and Kawasaki Kisen were also a member of the Kobe Kawasaki zaibatsu, which also included KHI. KHI joined the DKB Group after the conflict.