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Bulletin 723 - Friday, August 7, 2015


Ten companies will invest in electricity sector in Mexico

Electricity demand in Mexico will double by the next decade, and the government will bid for several generation and transmission projects for US$62.27 billion during 2015 and 2029, and companies such as Abengoa, Energy Transfer, Mastec, ACS, Ethuss Group, Siemens and Isolux Corsan are some of the possible winners. Meanwhile, Grupo Diavaz, Grupo Carso and IEnova took the biddings for the construction of new pipelines, with which they will carry out the transportation of gas to the CFE and Pemex. These 10 companies have won CFE and Pemex’ bids, valued at US$4.4 million, 77.7% of the total capital injection in the country for the renewal of plants, distribution and pipeline construction. The Spanish firm Abengoa is the one with the most important contract with CFE, for the construction of the Combined Cycle Central North III, valued at US$1.5 billion.

Source: El Informador

Indian companies interested in Jalisco

At least five Indian IT companies are interested in investing in Jalisco, said Miguel Angel Landeros Volquarts, President of the Western Mexican Council for Foreign Trade (Comce). None of these companies have a presence in the State yet, but if they finally decide to set their operations here, they could eventually invest hundreds of millions of dollars. An agreement with the International Institute of Information Technology Bangalore (IIITB) was discussed to promote the collaboration with universities in Jalisco to support the training of highly skilled engineers. Mr. Landeros Volquarts anticipated that the first collaborative work will initiate by 2016, when they analyze the work plan with the universities.

Source: El Mural

State of Tamaulipas's Government promotes plastic cluster

At least five Indian IT companies are interested in investing in Jalisco, said Miguel Angel Landeros Volquarts, President of the Western Mexican Council for Foreign Trade (Comce). None of these companies have a presence in the State yet, but if they finally decide to set their operations here, they could eventually invest hundreds of millions of dollars. An agreement with the International Institute of Information Technology Bangalore (IIITB) was discussed to promote the collaboration with universities in Jalisco to support the training of highly skilled engineers. Mr. Landeros Volquarts anticipated that the first collaborative work will initiate by 2016, when they analyze the work plan with the universities.

Source: Tiempo

Faurecia to open three plants in Mexico

The auto parts maker Faurecia, which operates 12 plants in Mexico generating 8,000 direct jobs, it´s about to open three more plants by 2016, two in San Luis Potosi and one in Puebla, to meet the growing auto production in North American. It is expected that the cars demand in the U.S. increases up to 20 million units by 2018, so the firm is anticipating to this growth with the opening of new plants in Mexico, said Yectuani Rios, the company’s spokeswoman. From Mexico, the company supplies to the plants of Chrysler, Ford, General Motors, Nissan and Mercedes Benz, located in North America.

Source: Manufactura

ProMexico to support investment attraction projects

In order to attract FDI to the country, ProMexico will support the development of 26 multi-year strategic productive projects this year, which will amount an investment of more than US$13 billion and will generate more than 36 thousand direct jobs by 2018. These projects will be developed in the states of Nuevo Leon, Chihuahua, Guanajuato, Aguascalientes, San Luis Potosi, Queretaro and Sonora. The investments will go to the aerospace, automotive, chemical and cosmetic, metal-mechanical and auto-parts sectors, focused on manufacturing activities and technological development of components.

Source: El Horizonte

San Luis Potosi, favorite location for industrial development

From 2009 to April this year, San Luis Potosi (SLP) has received investments per US$5.8 billion, for the establishment of 1,377 new companies and 97 expansions. In 2014, the World Bank considered SLP as one of the four more attractive states in Mexico to invest. It is Mexico´s twelfth platform for manufacturing exports to enter into the international markets. The American Cities of the Future 2015/2016, placed the State in the sixth position on cost effectiveness and seventh in ease of doing business in big cities. Major companies such as BMV, General Motors, Goodyear, 3M's Center for Research and Technological Development and the Dominica Clean Energy Wind Farm are established in the State. BMW Group will invest US$778 million in its first assembly plant in Mexico, located in San Luis Potosi, which will attract new supplying companies in the short and mid terms. Recently, Goodyear began the construction of its tire factory, with an investment of US$568 million. The State ranks fifth nationally in the mining and metallurgical production and it is a real option for regional development.

Source: Manufactura

Maquiladoras to invest US$482.9 million for expansion

Manuel Valles Russek, Minister of Economy for Chihuahua, said that the State has concretized 12 investment plans, eight out of them located in Ciudad Juarez, amounting US$482.9 million and generating 9,236 jobs. The highest investment comes from Robert Bosch, with a total of US$240 million and a generation of 1,636 jobs. Followed by the expansion of BRP (all-terrain vehicle maker), with an investment of US$95 million. The automotive firm Continental contributed with a US$44.9 million investment for the production of sensors and actuators. Cooper Standard, also expanded its operations in the city, while Flextronics together with SunEdison, opened its plant to manufacture solar panels. The Ministry of Economy, reported that the most recent project is that from Hansuh, which will manufacture seats for Kia Motors and Hyundai. Moreover, other companies in the electronics, metalworking and plastics injection sectors have also formalized investment projects in the city.

Source: El Diario de Chihuahua

Chihuahua seeking to attract new plants

Manuel Russek, State of Chihuahua's Minister of Economy, reported that the State is seeking to attract two new industrial plants to Chihuahua, which would be located in the city of Cuauhtemoc and in the South Central region of the State. He explained that the Ministry of Economy is interested in promoting other municipalities of Chihuahua, in order to generate a balanced development for the Entity. If these investments for Cuauhtemoc and the south central region finally concretize, the number of jobs will be expanded for the benefit of these regions.

Source: El Heraldo de Chihuahua