Economy Secretary Marcelo Ebrard ended a trade mission in Canada with the announcement of a 2 billion dollar investment by a Canadian pharmaceutical firm for Hidalgo. The project includes building an active pharmaceutical ingredients plant at the Zapotlán Economic Development Pole.
Solar International Core Canada signed the agreement with the Hidalgo government to initially allocate 70 million dollars for land purchase. CEO Babak Arefpour and Hidalgo Economic Development Secretary Carlos Henkel formalized the commitment in the presence of Ebrard and Canadian Trade Minister Dominic LeBlanc.
“Only with that the whole mission was already worth it,” Ebrard said at the end of the day. The Mexican delegation of 244 business leaders held more than 1,800 business meetings with Canadian firms.
Letters of intent were also signed to assess projects in Chiapas, Puebla and Jalisco, with potential investments totaling hundreds of millions of dollars. The talks took place ahead of the upcoming T-MEC review, with a bilateral meeting scheduled for the week of May 25.
