MCALLEN, Texas - Valeo, a global leader in automotive technology, co-hosted a press conference with the City of McAllen at the McAllen Performing Arts Center on March 24.
It was held to announce a new state-of-the-art manufacturing facility in McAllen, Texas.
The company is investing $225 million over the next five years for a 337,000 square-foot facility that will create up to 500 new jobs in the region. Production will begin in late 2027.
The manufacturing plant will be built on an industrial park being developed by CIL Capital on Ware Road in south McAllen.
Jeffrey Shay, Valeo North America President, said Valeo McAllen will include production of General Motors’ central compute unit, which is a liquid-cooled system powered by next-generation processors. These units process vast amounts of data from multiple sensors and systems to control essential functions.
"We're proud to contribute technologies that enable the next generation of software-defined vehicles with this significant investment in the region and the future of automotive technology," Shay said. “We’re grateful for the opportunity to grow our business with GM in the state of Texas.”
The speakers (in order of appearance) at the press conference were Elizabeth Suarez, president of McAllen Economic Development Corporation, McAllen Mayor Javier Villalobos, Isaac ‘Ike’ Tawil, city manager of McAllen, Richard F. Cortez, Hidalgo County Judge Richard F. Cortez, Ralph Garcia, COO of McAllen EDC, Joaquin Spamer, president of CIL Capital, Aaron Demerson, president of Texas Economic Development Corporation, and Shay.
Here is a video recording showing many of the speakers:
