This will be Mazda's fourth non-Japanese production plant, following plants already in place in China, Thailand, and the US, all of which are a part of the Ford/Mazda joint venture.
The plant is expected to have an annual capacity of around 50,000 cars, most of which will be small to compact Mazda models. These will go on sale in Mexico and parts of South America. The factory will also generate cars for North America later down the track.
The announcement will also include the companies financial forecast plans for the business year ending in March 2012. It's unknown if Mazda will be announcing what it will build at the company's Michigan plant as of 2012, after it announced last week that it is no longer going to produce the Mazda6 at the plant when the current model is phased out in 2012.