Korean company opens its first plant in Nuevo Leon, Mexico.
South Korean company Doowon Refrigeration, a global leader in automotive cooling system solutions, inaugurated a new plant in the municipality of Apodaca. This reaffirms Doowon Refrigeration’s commitment to international expansion and consolidates Nuevo León as a strategic hub for the automotive industry in Mexico.
Doowon Refrigeration plans to invest $43 million to open its first factory in Mexico.
The facility will be in the municipality of Apodaca, near Monterrey. It is scheduled to open in 2025 and will generate 100 direct jobs. The facility will produce automotive cooling systems.
Founded in 1974, the Doowon Group has 3,125 global employees and had revenue of more than $1.9 billion in fiscal year 2023.
Source: FreightWaves
