Daily Management Review

Cisco Has ‘$4 billion’ Worth Expansion Plan


09/28/2016


Mexican government released the news of Cisco’s plans in the country.



Cisco Systems Inc. is known in the U.S. for making “networking equipments”, whereby the company now has plans of expanding in Mexico which would cost over “$4 billion” between the period of “2016 and 2018”, informed the government of Mexico on Tuesday, the 27th September 2016.
 
According to the statement issued by the government, the chief executive officer of Cisco, Chuck Robbins, broke the news in a “meeting with Mexican President”, Enrique Pena Nieto.
 
Furthermore, Reuters inform that:
“The expansion would boost output in Mexico of products ranging from routers, servers, switches and wireless access points, as well as spur the creation of 270 jobs and 77 indirect jobs, the government said”.
 
Nevertheless, what was unclear is the amount of money announced, as mentioned earlier, has already been used in the “company's plans for the country”.
 





References:
http://www.reuters.com/







Science & Technology

With China Set To Dominate, 1 Billion Could Be Using 5G By 2023

Deutsche Telekom unveils next gen 5G mobile antennas in Europe

Diamonds are now the new gold

Expert Body Says Driving In A Driverless Car In An Inebriated Condition Or On Drugs Should Be Legalized

SEC’s EDGAR database vulnerable to cyber threats

Research Says The Risk Of Severe Turbulence On Planes Will Increase Due To Climate Change

Barclays and CLS Group aim to replace SWIFT with blockchain

Designing Of Cars Being Done With Hologram Goggles At Ford

The Already Surging Cyber Attacks Are Set To Rise Even Further, Says A Study

Chinese to equip smartphones with OLED displays

World Politics

World & Politics

Scholar Says Political Appointees Not As Important As Financial Ones In China For The Economy

An Expected Change In Brussels Could Be Crucial For The Euro Zone

Destroying People Who Wouldn't Help One Of His Bankrupt Businesses Was All Trump Talked About When He Met Him In 1990s: Branson

Russia Is Worried About America’s Unpredictability

No oil contracts with Iraqi Kurdistan: Iraq’s oil ministry

Donald Trump lost $ 600 million during his presidency

Britain puts its weight behind Europe in the battle between Boeing and Bombardier

EU hopes to keep the Iran nuclear deal afloat