Kia is the latest in a string of automakers to announce plans to build new or expanded factories in Mexico. The Korean company has signed a $1 billion deal to establish a plant in Monterrey in the state of Nuevo León, with construction starting in late September. If everything proceeds on schedule, the facility should be complete in the first half of 2016 and be able to produce 300,000 vehicles a year.
After a string of recent announcements from automakers, Kia may be the next business to break ground on a factory south of the border. The Korean company is reportedly nearly finished with negotiations to build a $1.5-billion plant near the city of Monterrey in the Mexican state of Nuevo Leon. The state's secretary of economic development confirmed the news to Reuters and anticipated talks to be completed in the first two weeks of August. Unnamed insiders also said that the location was aiming f
The city of Monterrey, Mexico, will have its subway system, called Metrorrey, propelled with electricity obtained from biogas. Simeprode, the company that manages the city waste system, is finishing a 5.3 MW power plant that will produce electricity for the two subway lines. This plant will allow Monterrey not only to run its mass transit system with bioenergy but also to expand the subway networks in the near future. The remaining power will be used for public lightning. The technology was impo