GUATEMALA CITY — A Japanese firm opened the primary auto components plant in Guatemala on Wednesday as a part of an effort to spice up the area’s financial system and curb outmigration.
The plant is run by Yazaki North America, Inc. and makes automotive wiring harnesses. The $10 million plant was opened with help from the U.S. Company for Worldwide Growth.
It was a part of an attraction by U.S. Vice President Kamala Harris in 2021 for firms to spend money on Guatemala, El Salvador and Honduras. The thought is to create jobs for folks within the area in order that they wouldn’t must to migrate.
The Yazaki plant within the western province of San Marcos will make use of about 1,000 folks. USAID offered funding for advisers.