This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEI640OW_L.jpg
Posco will start construction on the plant on Wednesday, with an initial price tag of $43 million, the ministry said in a statement. Posco told its plans to Mexican Foreign Minister Marcelo Ebrard, who is visiting South Korea, the ministry said.
On Monday evening Mexican time, Ebrard announced that Samsung Electronics (OTC:SSNLF) would invest $500 million to increase production of home appliances in Mexico.
