Mincer HD, a subsidiary of MAT Holdings, Inc., an industrial equipment supplier in the US, will invest US$70 million to set up two plants in Mineral de la Reforma, Hidalgo. The first plant will be focused on the casting of drums and the second one will be mainly for the processing of machining parts for the automotive industry.

In the first stage of this investment, around 350 direct jobs and 1,500 indirect jobs will be created.

Mincer HD is a transnational company that has 15 production plants in eight countries, and it plans to build another 17 in the coming years.