SINBON Electronics : Breaks Ground On New Factory In Mexico To Strengthen North American Supply Chain

SINBON Electronics hosted a groundbreaking ceremony for its new factory in San Luis Potosí, Mexico, on April 30, with the supportive presence of local government officials. The company anticipates investing $50 million US dollars to establish a subsidiary in Mexico, with plans to construct three additional factories covering a total area of approximately 84,000 square meters over the next 3 to 5 years.

Initially, production will prioritize meeting the demand for high-quality cable for photovoltaic systems in the North American market. Subsequently, SINBON will expand its manufacturing capabilities to serve various industries, including industrial and automotive. The establishment of the new factory will significantly bolster SINBON's competitiveness in the global market.

Mite Liarng, SINBON's president, remarked at the ceremony: "Today, we not only broke ground on the new factory but also laid the foundation for the future development of San Luis Potosi, demonstrating our unwavering commitment to the North American market. SINBON is dedicated not only to meeting but exceeding customer expectations." He also expressed sincere gratitude to government officials and local partners, emphasizing: "As we till the soil today, we sow the seeds for future growth, innovation, and partnership." This pivotal step by SINBON Electronics will not only energize the company's development but also foster local economic prosperity and growth.