The German company Infineon Technologies announced an investment of US$40 million dollars for the expansion of its plant in Tijuana, Baja California.
The company, also known as Rectificadores Internacionales, has had a presence in Tijuana for 17 years and they mainly manufacture semiconductors for the electronic, medical and automotive sectors.
The expansion of Infineon Technologies will allow the integration of new production lines throughout the following four years. In this sense, more than 200 people will have to be hired in order to balance out the incoming amount of work and to promote the creation of development opportunities for the region.
Avant Energy announced an upcoming US$200 million investment for a network of terminals to supply refined oil products from the Port of Altamira, Tamaulipas, to the Bajio region. This network, named Altamira-Bajio Oil Supply (Supera), is going to feature two terminals initially, one for sea and one for land, which are going to be developed simultaneously, to support fuel imports from the US. Avant Energy is a Mexican Corporation focused on developing, building and operating energy infrastructure for the oil, natural gas, refined products and electric energy sectors. For this development, the Company is relying on two strategic partners: the US logistics group Savage Companies (Savage), to operate the terminals; and the rail road operator, Kansas City Southern Mexico (KCSM).
Canadian mining corporation Endeavour Silver announced the closing of a deal to buy a mine with silver contents, in Hidalgo del Parral, Chihuahua, property of Silver Standard Resources Inc, with a US$2 million investment for exploration within the next two years.
Western Heritage Bank is pleased to announce that Robert Shannon Skov has joined the Board of Directors. Mr. Skov has over 20 years of business success as owner and manager of Skov Family Farms in Clint, Texas.
“We are excited that Shannon is our newest addition to the board,” said Jim Volk, Chairman. “His experience in finance and management makes him an asset to our growing community bank.”
Mr. Skov earned a Bachelor of Science in Agriculture Economics from Texas A&M University. He has served the El Paso Valley Cotton Association for almost 20 years as a Board Member, Vice President, President and Chairman of the Board. He also served as a Board Member of Supima in Phoenix, Arizona from 2010-2018.