- The investment will be made between 2016 and 2018.
Today, in the presence of President Enrique Peña Nieto, CEO of Cisco Systems Chuck Robbins announced that the company will expand the value of its operations in Mexico to over $4 billion USD between 2016 and 2018. This is one of the five largest investments Mexico has received during the current administration.
At the meeting, President Peña Nieto congratulated Cisco and repeated his commitment to continuing to promote a suitable environment for investment and job creation in Mexico.
Chuck Robbins underscored Mexico’s importance as an investment destination, adding that Cisco is willing to increase research and development in a world where technology increasingly permeates everyday life.
The global CEO of Cisco said that experts reviewed the impact of the Structural Reforms, which create a suitable environment for doing business, make Mexico more competitive and produce a more highly skilled workforce.
The expansion announced by Cisco will make it possible to manufacture products such as routers, servers, switches, TelePresence screens and wireless access points in Mexico.
The expansion will promote the creation of 270 direct and 77 indirect jobs. Given the existing installed base, however, the project will involve 4,830 direct and 1,015 indirect jobs through the company’s manufacturing partners.
This new project in Mexico contributes to consolidating the country as a logistics platform for manufacturing high-tech products, which will increase in the following years. Globally, Cisco produces 220,000 manufactured goods related to information technology and communication, security and telecommunications devices daily. In 2015, company profits reached a record $49 billion USD.