Cisco plans to invest up to US $1.35 billion during 2014January 24, 2014
DAVOS, Switzerland, January 24, 2014. - Mexican President Enrique Peña Nieto and Cisco CEO John Chambers met today in Davos during the World Economic Forum to discuss the expansion of Cisco's presence in Mexico, including the recently announced Cisco® Support Center, the expansion of manufacturing of advanced technology products, and the expansion of the Cisco Networking Academy™ program, with plans for direct and indirect investment of up to US $1.35 billion during 2014.
The expansion of manufacturing of advanced technology products in Mexico through world-class contract manufacturers will deliver high quality products for the IT market worldwide. These lines of products are exported from Mexico to more than 90 countries, expanding Mexico as a global hub for advanced technology manufacturing.
Additionally, the investment will cover the recently announced Cisco Support Center (CSC) in Mexico City, which will support local and regional operations and create the capacity to service customers in the Spanish language.
Cisco is also expanding its Networking Academy program to help Mexico increase the pool of high skills workers required to support Mexico's growing technology sector. Cisco Networking Academy in Mexico is one of the largest programs for Cisco worldwide, with more than 50,000 students enrolled in 300 academies nationwide. The Networking Academy is a cloud-delivered, scalable, high-quality program that helps students develop the practical skills needed to design, build, secure and maintain computer networks.
Cisco started operations in Mexico in 1993; it has more than 600 employees working on sales, services and support in offices in Mexico City, Guadalajara, and Monterrey, and in Cd. Juarez focused on Cisco manufacturing operations. Business partners employs over 5800 Mexicans dedicated to Cisco production.
From the very beginning, Mexico has been a strategic partner for Cisco. The country offers a very strategic geographical location as well as expertise and talent that support the strategy of the company in the country. Cisco plans to continue investing and contributing to the economic growth and job creation in Mexico.
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