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Yazaki To Open Plant In Uruguay

Japanese auto parts maker plans to invest $4.3 million to open a production plant in Uruguay next year despite the credit-crippling international financial crisis.

MONTEVIDEO, Uruguay (AP) -- Japanese auto parts maker Yazaki Corp. plans to invest $4.3 million to open a production plant in Uruguay next year despite the credit-crippling international financial crisis.

Uruguay's presidential Web site says the new company will be called Yazaki Uruguay SA. It will make electronic auto parts to export to Mexico and neighboring Brazil.

The company will be located in Las Piedras, a city 15 miles (25 kilometers) north of the capital city Montevideo.

The presidential Web site says the plant will open in May 2009 and could employ up to 1,000 people.

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