Cannizzo advises Grupo Proma on the creation of a new plant in Guanajuato that includes an investment of 130 million pesos
Mexico City.- Cannizzo through his partner Marco Cannizzo is advising the Proma Group in the development of the new plant in Guanajuato which means an investment of 130 million pesos. This will be its second plant in Mexico. The new plant would be generating 250 direct and indirect jobs.
Our firm advised Grupo Proma in the negotiation and signing of the lease agreement in the state of Guanajuato, Mexico. In addition, we are advising the group on Corporate matters related to the new investment in Mexico.
Luca Pino, vice president of Grupo Proma, reiterated that the arrival of the company in San Miguel de Allende will contribute to the economy of the area by creating jobs; He also mentioned that it is a priority for the company to comply with the standards of occupational safety and quality of its products, and it is also committed to the environment.
Among the clients of Grupo Proma, brands such as Fiat, Alfa Romeo, Lancia, Lamborghini, Ford, Iveco, Ferrari, Suzuki, and Peugeot stand out. In the case of the San Miguel de Allende plant, whose first stage of the factory could start in 2022, the North American market will be served, specifically the Volkswagen plant in Chattanooga, United States, with structures for the rear seats of electric vehicles.
ABOUT PROMA GROUP
Grupo Proma has more than 40 years in the market, it is dedicated to the manufacture of components for the automotive industry, such as seat structures and boxes for batteries for electric cars. Its presence is distinguished in eight countries on four continents, with 26 manufacturing plants. In Mexico, it has a plant in Saltillo, Coahuila, and the one in Guanajuato will be added. In addition, it has two research and development centers, a testing laboratory, and 30 international patents.
ABOUT CANNIZZO
Established in Mexico more than 40 years ago, the firm is as an excellent gateway for doing business in Mexico, thanks to its international education and experience in the approach to the legal practice and a deep understanding of the Mexican reality. Cannizzo focuses fully on the client’s interests and objectives, offering a highly personalized service in direct contact with the partners, thus providing legal solutions of great efficiency and creativity, together with preventive and strategic advice.
Our extensive experience with Mexican and foreign corporations in international transactions and investments is a guarantee of the international standards of the firm and the ability to serve our clients in transactions that in different occasions go beyond Mexican borders. Cannizzo has has been involved in M&A, real estate and financing transactions, in some cases, with a value higher than one billion dollars.