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Bulletin 705 - Friday, March 20, 2015


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

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

Ecopetrol, interested in investing in Mexico

Hector Manosalva Rojas, Vice President Exploration and Production Ecopetrol Colombia, said the company is interested in participating in tenders for oil projects in shallow and deep waters. After his participation in the meeting of the 100 Leaders of Oil and Energy Sectors, the executive said they are reviewing the technical information, and that they have met with potential partners to enter Mexico's Oil Industry. Mr. Manosalva added that so far they have had conversations with representatives of various companies, to define in what kind of projects they will participate and under what conditions they would do.

 

Source: El Economista

Bajio region, main automotive investment destination: Lintel

Due to its geographical location and low cost of land, about 500 international companies are seeking to establish themselves in the Bajio region. These companies are European, Japanese, Chinese, Korean and Lebanese, said Lintel, the developer of industrial parks. Ricardo Betancourt, President of Lintel, during his visit to the Puerto Interior Industrial Park in Silao, Guanajuato, said that about 90% of companies operating in the Bajio belong to the automotive industry and the rest is divided into the sectors of electronic parts, consumption and health, among others. Lintel said the Puerto Interior Industrial Park, is at its maximum capacity and within the next two weeks the Colinas de Oriente Park will be launched in the south of the State, and it will host between 30 and 50 companies of the automotive industry. According to the National Institute of Statistics and Geography (INEGI), Guanajuato is the seventh entity that contributes the most to GDP, with a 4% contribution, while industrial activity of the state recorded last November an annual growth of 11.6%, the eighth highest in Mexico.

 

Source: Milenio

Oshkosh invests US$80 million in Guanajuato

The construction of Oshkosh’s new factory is currently 70% complete, with a deadline by May this year. The 35 hectare facilities at the Colinas de Leon Industrial Park will produce heavy machinery and industrial lifting equipment. With over US$80 million invested and 1,200 direct jobs created, the company earned the status of strategic partner, according to local government officers. The Ministry of Sustainable Development in coordination with Oshkosh, expects to receive 1,100 Guanajuato´s job applicants, who could be hired directly after a training period.

 

Source: Manufactura

Baja California analyzing construction of port infrastructure

The National Chamber of Industry (Canacintra) Tijuana, summons to the "Forum on port infrastructure in Baja California", which aims to analyze the construction of new ports in the State and make a diagnosis of existing infrastructure. The progress of the docks’ expansion and modernization projects will also be discussed in this forum. Technical and financial feasibility studies will be submitted in April, when further information of the expansion and modernization of the Sauzal port and other supporting projects will be disclosed.

 

Source: T21

Auto part makers will invest US$200 million

Upon Volkswagen Mexico’s announcement of the production of the Tiguan SUV sarting in 2016, 30 auto part makers are planning to invest US$200 million to expand their factories and create over 400 job occupations. The auto part makers undertaking this investment expect to recruit and train their labor force by the third quarter of this year. Erwin Polo Feldman, President of the auto-parts sector of the National Chamber of Transformation Industry (CANACINTRA), said that as much as the Mexican auto parts sector has the skills to supply parts for the Golf A7, it also has the necessary capacities to manufacture up to 500 units of Tiguan a day, thus encouraging the arrival of more suppliers.

 

Source: El Economista