After 22 years of setting up their first plant in Mexico, the South Korean automotive leader Hyundai are coming back with a new investment. Hyundai recently announced that they are going to invest US$130 million in their new aluminum Die Cast Plant, as their third investment in Tijuana, Baja California.

Mexico Investment News: Hyundai Invests US$130 Million in New Mexican Plant

The construction of the new facility plant begins in September and will be operational later this year.  By the end of the year it is expected to start the first phase of their operation, which will reach its full capacity in January 2014 and will produce 900,000 units of three automotive parts: Engine Blocks, Engine Cylinder Heads, and Transmission Cases.

Hyundai is not the only auto company to set up a plant in Mexico. Audi, Nissan and GM are some of the companies who are investing heavily in Mexico real estate region.

According to Translead Chief Kenny Lee, company’s CEO, this new investment in Baja California will give rise to more number of Tijuana Manufacturing Jobs as 300 new jobs in addition to the 2,300 present jobs existing in Hyundai’s plants will be created. This new investment will mark the 51st automotive plant in the Tijuana automotive cluster which generates over 15,000 jobs.

Hyundai de Mexico is a subsidiary of Hyundai Kia Automotive Group, the sixth largest automaker in the world and second largest company in South Korea with over 900 dealers in North American and 57,000 employees worldwide. Hyundai’s first Mexican plant was set up in Tijuana way back in 1989.