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Bulletin 703 - Friday, March 6, 2015


Mexico will promote auto parts investment

Mexico will seek to attract new investment in the auto parts sector to support the replacement of US$32 billion in imports of this market, said Enrique De la Madrid Cordero, Bancomext´s CEO. "The intention of Bancomext is to identify not only what we import, but who we are importing from", he said. He noted that although there isn´t an annual goal to substitute auto parts imports, the institution is currently working on this issue, in order to attract more foreign companies and make them take advantage of Mexico’s favorable conditions. Mr. De la Madrid also commented that financing for firms installed in Mexico has increased substantially, from last year´s US$345 to US$862 million for the automotive sector. It is a very important and competitive sector in Mexico which is intended to support and make possible that it reaches the 5 million vehicles produced by 2020, as it has raised the Mexican Association of the Automotive Industry (AMIA).

Source: Manufactura

Oshkosh reiterated US$ 800 million investment for Guanajuato

Oshkosh, world leader in the manufacture of industrial and automotive products, is a strategic partner that will install a factory in Guanajuato with an over US$80 million investment and will create 1,200 jobs. The ongoing economic policy undertaken by the State Government to attract investment, results in the arrival of major projects such as the American company Oshkosh Corporation. This is the first company to be installed in the "Colinas de Leon" Industrial Park. Currently, the company reports an advance of 70% of construction work of the 35 hectares facility dedicated to the production of heavy machinery and lifting equipment for the industry. The Ministry of Sustainable Economic Development, in coordination with Oshkosh, expects to train 1,100 Guanajuato´s citizens, who will have the opportunity to be hired directly by the end of their training.

Source: Monitor Economico

Brembo will expand its facilities in Escobedo

The Italian auto brake manufacturer Brembo will invest US$83 million in its Escobedo plant, announced Rodrigo Medina de la Cruz, Governor of Nuevo Leon. According to the state´s administration, after this investment, applicants to the 510 new occupations available will receive training in Apodaca. It is estimated that the plant will begin its initial production by 2016 and it will be fully operational by the end of 2018. The smelter will have a melting capacity of 14,000 tons and the machining will produce 2 million aluminum calipers per year. The plant will cover an area of 31,500 square meters.

Source: El Economista

Governor Duarte promotes Chihuahua in Canada

With the aim of further promoting Chihuahua abroad, thus attracting investment and achieving more jobs in the State, Governor Cesar Duarte recently began a work tour through Canada that includes several meetings with officials, business leaders and potential investors. Governor Duarte was accompanied by Manuel Russek Valles, Minister of Economy in the State and David Dajlala Ricarte, Federal Commissioner of Economy. "Currently, the economic growth and security of Chihuahua move us forward in promoting our entity in various countries, which will bring more jobs and development", said Mr. Duarte.

 

Source: El Heraldo de Chihuahua

Texas and Coahuila strengthen business relationship

During the Mexico-Texas Business Forum 2015 held in Austin, Texas, important business relationships were consolidated for Coahuila in the industries of technology, energy, transportation and building. According to Mario Ricardo Hernandez del Bosque, Chairman of Ciudades Hermanas de Saltillo, the synergy with Austin involves significant actions also in the entrepreneurial context. Recently, the Mexican Association of Entrepreneurs in the U.S. held a forum where the positions of the economic scenario of Mexico with Texas border were defined. The event was attended by Senator Ernesto Cordero, and Rogelio Montemayor, President of The Mining and Oil producing Cluster of Coahuila, who spoke about the benefits and challenges the early start of exploration and exploitation of shale gas signifies to Coahuila. Mr. Hernandez del Bosque agreed with exhibitors that property regularization is needed as well as avoiding over regulation, and organization of all the areas comprising the strip of shale gas.

 

Source: Zocalo Saltillo

Juarez attracts more manufacturers

An American and a Chinese company expanded operations in Ciudad Juarez: First Texas Products, and Shanghai Longda Plastic Technology. First Texas Products has built facilities of approximately 44,710 square feet at Juarez Industrial Park. It produces underground locating equipment, detection equipment for security, night vision products and electronic circuits, under the Fisher, Teknetics, Bounty Hunter, iGen and Nivisys brands. On the other hand, Shanghai Longda Plastic Technology, which has a 27,082-square-foot facilities, is a private enterprise specializing in blow molding plastic products and is a recognized supplier in the automotive industry, household appliances, office supplies, medical equipment and power tools industries. Its customers include companies such as Tianjin Toyota, Panasonic, Electrolux and Canon.

 

Source: El Diario

DM Color Company is inaugurated in Guanajuato with Japanese funds

With an investment of US$16 million and a creation of 80 direct jobs, the Governor, Miguel Marquez Marquez inaugurated the company DM Color Mexicana, established with Japanese investment in the Opcion Industrial Park. The Executive thanked the Japanese investors, who have become main strategic partners of Guanajuato, by bringing 53 companies since 2012. During the last two years the State Administration has completed 141 projects surpassing the US$4,800 million mark and generating 67,000 new jobs. 43 out of those 141 projects correspond to high value-added sectors such as the auto parts sector, where more than US$3 billion have invested in 97 companies in the State.

 

Source: Monitor Economico

More Kia´s suppliers arrive to Nuevo Leon

With a US$100 million investment and the creation of 1,020 new jobs, three new Kia´s Tier 2 suppliers will be installed in Nuevo Leon and another one will expand its operations, reported Celina Villarreal, head of the Ministry of Economic Development of the State. Sedyon Top Materials will be set up in Pesqueria. Sedyon produces plastic parts for interior and exterior and will invest US$45 million and will create 300 jobs. On the other hand, Hanwha Advanced Technology, a manufacturer of advanced materials and resins, plans to invest US$20 million and create 200 jobs. Koam, which produces speakers, control buttons and circuits will also be established in Pesqueria, while Kraem, manufacturer of insulation and anti-noise products, will install a second plant in Guadalupe. These two companies will invest US$17 million and create 280 jobs, each.

 

Source: Reforma

The Mexico's Manufacturing Supply Chain Summit comes to San Diego in March

The Mexico's Manufacturing Supply Chain Summit is one of the most effective strategies for Mexico to continue expanding and encouraging investment in the national industrial sector and the development of the supply chain. The 2015 edition of this event will be held on March 19-20 at the Marriott Marquis San Diego Marina in San Diego, California, having the support and sponsorship of organizations such as government the State of Baja California, ProMexico, Index, the Mexican Federation of Aerospace (FEMIA), Boeing, UTC, among others. Featured speakers and panelists in the aerospace industry will be present as Jose P. Garza, Director of Supplier Management for Boeing Shared Services Group and Bijan Latifzadeh, Director Operations Strategy and Development - Mexico Regional Office for UTC Aerospace Systems. For more information please visit www.mexicosupplychainsummit.com call toll free from Mexico: 01-800-170-1010
or from the United States: 1-877-864-8528 or write to information@mexicosupplychainsummit.com

Source: MEXICONOW