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Bulletin 768 - Friday, August 5, 2016


Kia will produce another model in Mexico

Kia just disclosed that a second compact vehicle will be manufactured at the Pesqueria plant, in Nuevo Leon, in 2017, in addition to their Forte model production, both sedan and hatchback versions. Horacio Chavez, General Director of Kia Motors Mexico, said that once the firm starts the production of the second model, the complex will be attaining its maximum production capacity, which is 300,000 units per year. On the other hand, the company started recently exports to the U.S. and South America. These vehicles were shipped out by the port of Altamira, Tamaulipas, and the Company is considering to also export to 80 other markets, said Mr. Horacio Chavez.

 

Source: Manufactura

Manzanillo is gaining status as the port of the automotive sector

Colima is preparing to become the port of choice for the automotive industry near the Pacific coast, thus competing against Panama. There are projects currently underway in the State, in order to make import times more efficient and cost-effective, cutting waiting times down from four days to just four hours, detailed the State Governor Ignacio Peralta Sanchez. He also added that the railroad tunnel of Manzanillo to connect the port to the rest of Mexico, will be ready by late December 2017, with expectations to escalate three times the movement of containers in the port.

The Port of Manzanillo is highly competitive, it has a capacity to move 2.5 million containers and a potential for up to 4 million. The project is to expand the port of Cuyutlan, adjacent to Manzanillo, which has the necessary space for the automotive industry.

 

Source: Portum

Mexico-Cuba Forum will generate US$100 million investment

Mexico-Cuba Tourist Business Forum will generate investment worth roughly US$100 million, informed Enrique de la Madrid Cordero, Ministry of Tourism (SECTUR). Additionally, new opportunities for investment will be generated for entrepreneurs, as well as more jobs for Mexican citizens. Executives from Cuba held a meeting with Mexican investors to come up with co investment projects for touristic developments, and one-on-one business meetings were also scheduled between Cuban importers and Mexican exporters, informed SECTUR.

 

Source: Forbes

Entrepreneurs from the plastics sector see business opportunity in Mexico

Plastic components for the automotive industry in Mexico, worth roughly US$2 million, are imported every day, since there are not enough domestic suppliers of these products. Eduardo de la Tijera, Co-Secretary for the Mexican Association of Plastics Industries (ANIPAC), underscores that a US$700 million growth opportunity is set up, but the technology used by producers must be changed. The Mexican auto part industry represents 20% of the total value of the sector, which embeds 75% of the total production value in states like Coahuila, Puebla, Nuevo Leon, State of Mexico, among others, which is why ANIPAC considers this a major growth sector nationwide. Francisco del Caso, former President of ANIPAC stated that 4,530 companies operate in this sector, with prospected investments of US$1,800 million during 2016.

 

Source: El Financiero

Automotive Plant may be established in Colima

A new automotive plant and construction works for a testing track might soon come to the port of Manzanillo, in the State of Colima, with the goal of catering to the growth needs of the Industry, disclosed the State Governor, Ignacio Peralta. He added that this is the result of the most recent reunion held with the Mexican Association of the Automotive Industry (AMIA). Mr. Peralta expressed that arrangements have been established to assess the possibility of having this type of facilities and a project to build a track for practice, which would benefit many brands.

 

Source: Cluster Industrial

Voss Automotive sets first stone in Coahuila

German corporation VOSS started the establishment of its new plant in the Municipality of Arteaga, Coahuila, with a US$10 million investment. In this plant, VOSS will manufacture auto parts such as truck and car hoses both for gasoline and diesel, with production expected to grow twice its current size. The Company makes roughly 7 million pieces per year, but an estimated production of over 12 million units is expected when the new plant starts operations. 70% of the output from the Ramos Arizpe plant is shipped out for export, to clients such as Navistar, Packard, Daimler, Kenworth and Volvo, while the remaining merchandise stays in Mexico, with clients like Navistar and Daimler. The plant is expected to start operations in May 2017, increasing its staff from 350 to 600 workers.

 

Source: Somos Industria

Another Delphi plant arriving in Sinaloa

The construction of an expansion to the Delphi plant in Ahome, Sinaloa, will soon start, bringing about a US$65 million investment and the creation of almost 4,000 new jobs, informed Francisco Labastida Gomez de la Torre, Ministry of Economic Development of the State, who also disclosed that these works might start as soon as the upcoming months of September and October. The location of this building has not been picked out yet, but the Company is already looking for it and the selection process will be completed shortly. Mr. Labastida informed as well, that US$10 million are going to be invested in another plant in Guasave, creating 1,000 job openings.

 

Source: El Debate

Ryobi is expanding its Guanajuato plant

Japanese Company Ryobi, will invest US$75 million to expand its plant located at “Castro del Rio” industrial park in Irapuato, Guanajuato, according to Mayor Ricardo Ortiz Gutierrez. Ryobi is an automotive company that produces vehicle transmissions, with one of the largest factories from the sector in Guanajuato and the seventh worldwide, after the Indiana, Ireland and China factories. The US$75 million are going to be applied in the expansion of the plant with its project “Ford de Ryobi”, which establishes that starting June 2017, the new production in the pre-machining area shall begin, creating 200 new direct jobs.

 

Source: Cluster Industrial

Agri-food exports grow by 7.4%

From January to May 2016, exports of the main 20 agri-food products in Mexico went up 7.4%, compared to the same period last year, according to the Ministry of Agriculture. The Bank of Mexico (Banxico), reports that the total value of this sector's sales, reached US$8.37 billion within the first five months of the year. The main agri-food products Mexico sells around the world, are: malt beer, fresh or refrigerated tomato, chillies and peppers, berries, avocado, meat and gizzard, tequila, bakery products, sugar, live bovines, cucumber, pickles and fresh strawberry; besides onion, frozen orange juice, canned fruit, fresh or refrigerated cauliflowers, fresh or dried citrus, pork meat, guava, mango, mangosteen and coffee. The Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (Sagarpa) underscored that the expectations for agri-food exports to close the year, escalated to US$30 billion.

 

Source: Mundo Ejecutivo Express

Two new industrial parks came to Queretaro

Juan Fernando Gorraez Aguilera, Ministry of Economic Development of the Municipality of El Marques, Queretaro, informed that this year two industrial parks will be established in the State, with a capital investment ranging from US$2.7 to US$5.4 million. The projects will be built in lands measuring 50 hectares each, which will host 29 industrial buildings. Mr. Gorraez also stated that the new industrial parks will be located in the communities of Chichimequillas and La Griega, as they are near both the Intercontinental Airport and Highway 57. On the other hand, there are companies planning to expand their facilities, generating expected economic growth rates of 12% to 15% by the end of the year. El Marques contributes with 15% of Queretaro's GDP, through its 16 industrial parks and 850 businesses.

 

Source: MexicoXPORT

Mexico strengthens commerce with Colombia

Entrepreneurial relations between Mexico and Colombia are growing, and proof of that is the arrival of cement company Cemex into Medellin, besides the expansion of Cinepolis. The Free Trade Agreement among both countries, signed in 1994, has made it possible to establish global commerce initially worth US$100 million, with 70% contributed by Mexico and the rest by Colombia, and this economic development is reflected in the presence of 700 Mexican companies in Colombia and nearly 1,000 Colombian companies in Mexico; at the beginning, there were no more than five companies in total for both countries. According to Sergio Escobar, Executive Director of the Agency for Cooperation and Investment from Medellin (ACI), Mexican companies looking to be established or increase their services in Medellin, will do so beginning 2017. In addition, Cemex will invest roughly US$200 million to open a new cement processing plant in Medellin; Cinepolis, on the other hand, has set up 12 movie projection rooms, thus competing with the corporation Cinecolombia.

 

Source: El Informador