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Bulletin 774- Friday, September 23, 2016


Chinese investment arrives in Durango

Durango has a portfolio of investment projects from China valued at more than US$3 billion, declared the State Governor Jorge Herrera Caldera and the Elected Governor, Jose Rosas Aispuro Torres. Among the most important projects, there is a 300 mega solar energy farm, a combined cycle plant with a 1,900 mega capacity and a solar panel manufacturing plant to serve both the national and foreign markets. Bao Ronglin, President of the Chinese Entrepreneurs Association in Mexico, expressed his enthusiasm to have "this platform of investment develop faster in Durango, which has a great potential to invest in the mining and hydraulic sectors".

 

Source: El Economista

Maquiladoras looking for Mexican suppliers

Maquiladora companies want to buy goods from Mexican suppliers valued at US$3.7 billion, for further exports, according to the National Council of the Maquiladora and Manufacturing Export Industry (INDEX). 30% of the input maquiladoras use is manufactured nationally and the rest is imported, generating a great space for Mexican industries to join the export value chain. There are opportunities in the plastics, mechanical, metal mechanic, electric and electronics sectors, besides some specialties from the agri-food sector", explained Luis Aguirre Lang, responsible of the INDEX productive chain. A certification program was created to provide access to the supply chain for companies that qualify as possible suppliers of world-class input goods.

 

 

Source: Soy SD

Ford is planning to make hybrid vehicles in San Luis Potosi

Ford is planning to make a hybrid car in the new plant in San Luis Potosi, with an investment of US$1.6 billion. The construction works shall begin this summer, thus creating nearly 2,800 direct jobs in 2020. In Hermosillo, Sonora, Ford manufactures the hybrid models Fusion and Lincoln MKZ. A US$4.5 billion investment to develop solutions for electric vehicles from 2015 to 2020, was disclosed by Ford executives last December. Part of these resources are going to be devoted to the production of the new electric Focus in Michigan. According to sources from Ford, the hybrid car made in Mexico is going to be presented soon, looking to compete with Toyota Prius, which is the best-selling hybrid car globally. In addition, Ford has plans to expand the Cuautitlan plant, in the State of Mexico, therefore adding 500,000 vehicles to its annual production toll in Mexico.

 

Source: El Universal

Guanajuato captures investment of US$1.02 billion

The Governor of the State of Guanajuato, Miguel Marquez Marquez, informed that the work tour through Europe generated new investment projects for Guanajuato worth over US$1.02 billion, and 2,180 new direct jobs will be created. The work tour started in Wolfsburg, Germany, where a visit to the production plant and a work reunion was held with Volkswagen executives. Besides, the negotiations for the arrival of Grupo Thyssenkrupp into San Miguel de Allende, bringing about a US$167 million investment and 750 new jobs, were completed successfully. In the meantime in Italy, the establishment of the company ITT Motion Technologies in Guanajuato Puerto Interior, was fully arranged, with capital valued at US$60 million and the creation of 300 new jobs. In France, Group Michelin announced a US$510 million investment and the creation of over 1,000 jobs in the plant that is set to start construction works next August.

 

Source: El Financiero

Dairy Producer inaugurates plant in Puebla

The company Mexicana de Industrias y Marcas (MIYM) inaugurated its milk and dairy products packaging process plant in the Municipality of Huejotzingo, Puebla, with an investment of US$16.2 million. According to Teodoro Espejo Barradas, General Director of MIYM, this plant will create 300 direct jobs. Over 300 million liters of milk will be processed annually (1.3 million per day). The Company's production, with brands like Delite, Tivoli, MIYM and Marsella, is distributed to seven states from Central and Southeast Mexico, as well as the Gulf zone and Central America, where the company is looking to expand its market in the short term.

 

Source: El Economista

NSK-Warner Mexico invests in Guanajuato

NSK-Warner Mexico kick started the construction works of a new industrial building that will use a US$34 million investment and will create 118 jobs. The chosen location is Puerto Interior and it will develop and manufacture clutch systems and components for automatic transmission. On the other hand, the President of NSK-Warner KK, Sakae Kuwashiro, comments that this is going to be a first-class production plant in North America, contributing to the economic development of both Silao and the State of Guanajuato. The plant is expected to start operations in July 2017, with annual sales worth US$120 million.

 

Source: El Economista

Hisense planning to establish plant in Nuevo Leon

Hisense, a Company originally from China, is assessing Nuevo Leon as one of the options to establish a refrigerator plant, mainly to supply the U.S. market. Leopoldo Murillo, Supply Chain Director for Hisense Mexico, explained that the Company is currently surveying this State and other places in the Bajio region as possible locations for this building; Nuevo Leon is a viable option due to its geographical location. Murillo explained that all of the local value chain is under revision to decide where the plant is going to be located, finding that it is more structured in Queretaro and Nuevo Leon. In addition, part of the analysis is focused on the transport routes Northbound and the existing connection to ports.

 

Source: El Financiero

Olsa inaugurates its new Corregidora plant

Italian corporation Olsa, specialized in illumination devices and rear automotive lights, started operations in its production plant, in the Municipality of Corregidora, Queretaro. The Company is starting activities with an estimated investment of US$40 million and expectations to create 1,400 direct jobs over the next nine years. The project for the Corregidora plant is divided in two phases. The first phase consists in the construction of 16,000 square meters and the creation of 623 jobs; the second phase, prospected to start in 2021, includes a construction project on a 10,000 square meters area.

 

Source: El Economista

Jalisco, "very strategic" partner for Honduras

Juan Orlando Hernandez Alvarado, Honduras President, presented the investment opportunities from the Honduras 2020 Plan for Economic Development to entrepreneurs from Jalisco and the Occident region, with remarkable options for the automotive supply chain business Jalisco is developing. The Honduran leader disclosed that The Economic Plan for the following five years, focuses on boosting the last generation textile production sector, auto parts manufacturing, the customer service or call center industry, social interest housing, tourism and agro-industry. The first delegations of Jalisco businessmen will be welcomed in Honduras this upcoming October, to start working out business plans.

 

Source: El Economista

KIA inaugurates plant in Nuevo Leon

Chung Moong-Koo, President of Hyundai Motors Group; Jaime Rodriguez Calderon, Governor of Nuevo Leon; Chun Bee Ho, Ambassador to the Korean Republic in Mexico and Ildefonso Guajardo Villarreal, Federal Ministry of Economy, inaugurated the KIA Motors Mexico plant in the Municipality of Pesqueria, with a US$3 billion capital investment, prospecting a 300,000 units vehicle production by 2017 (150,000 of the Forte model and 150,000 of the Rio line, both sedan and hatchback versions), mainly for export. This operation represents the creation of 14,000 jobs total, including those at the primary companies and the local supplier base companies. Chung Moong stated that "KIA will respond efficiently to Mexico's emerging market, as well as the demand from North America and Latin America."

 

Source: Automotores.mx

Mexican exporters have Vietnam and Hong Kong in their sight

An entrepreneurial mission from Mexico is set to travel to Vietnam and Hong Kong, looking to diversify their import/export markets in Asian destinations, with products such as processed foods, alcoholic beverages (tequila and mezcal), agricultural products, woods and textiles. Besides the commercial visits, seminars will be hosted, inviting local entrepreneurs to discover the business opportunities that Mexico offers. Mexico and Vietnam are among the 12 nations that subscribe to the Trans Pacific Partnership Agreement (TPP), which is meant to open commercial opportunities among the listed countries, both in Asia and America.

 

Source: T21

US$3 million to be invested in Tijuana's Industrial Campus

The works to begin the construction of an industrial campus in Tijuana city, Baja California, are expected to be ready this upcoming February 2017. The campus might shelter any and every type of manufacturing industry, according to an announcement by Claudia Perez, Commercial Manager of Roca Desarrollos. The firm, originally based in Monterrey, Nuevo Leon, will invest US$3 million to build on a 30,000 square meters surface. Two of the target markets for this project, are the Aerospace and Medical Products sectors. Bringing this projects into town, was made possible by the advantages Tijuana offers, such as different clusters active in the region, which facilitates sales of these specialty buildings according to members' needs.

 

Source: El Financiero

Agropark getting ready industrial complex's second phase

Agropark agro-industrial Park expands its presence in Colon, with a 178% increase of land availability and 122% increase in its production capacity. The association is adding 528 more surface hectares, a figure far larger than the 295 hectares from its initial phase, built in 2006. The second phase will include housing, offering a live-in scheme for workers. The expansion project considers using 41% of the land (220 hectares) as greenhouses, thus obtaining 122% more produce. This undertakings have the goal of strengthening the position of the Mexican agro-industry production in both the national and foreign markets. 5,000 new jobs will be brought about with this new expansion, which represents 208% more than the 2,400 positions created in the initial stage.

 

Source: El Economista