Chinese LED driver manufacturer Inventronics has announced its plan to set up a subsidiary in Mexico with Osmanthus Holding Limited to expand its operations in the market of America and meet the requirements of local production for its clients.
According to Inventronics, the operation of the subsidiary in Mexico will include manufacturing and developing LED driver products, storage, distribution and sale of its in-house products as well as providing services and technology support. The company plans to spend no more than US$ 1 million in the investment.
With the investment in Mexico, Inventronics hopes to speed up its global penetration and extend its brand influence while enhancing its revenue and profit.
Chinese companies are taking measures to lessen the impacts caused by the US-China trade war. Many manufacturers have planned to set up facilities in countries other than China such as Mexico, India and Vietnam to avoid the tariffs imposed by the U.S. government.
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