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Bulletin 695 - Friday, January 9, 2015


New tender High Speed Train Mexico-Queretaro (TAV) will be publish

The Secretariat of Communications and Transport (SCT) will publish in January 2015, the pre-bases of the TAV Mexico-Queretaro´s tender. Through a press release, the SCT informed that the term between the pre-bases publication and the decision will be 180 days, and it will have the participation of the Engineer Humberto Santillana as a social witness to validate the transparency and legality in the process. "The characteristics of the tender are similar to the above process, a project 'turnkey', in which the winner will be responsible for ensuring the functionality and safety of the train, and shall serve a period of extended testing for five years" the statement said. The High Speed Train Mexico-Queretaro is the first stage of a major long-term project to connect Mexico City with the Bajío, Guadalajara and then the north.

 

Source: El Economista

Private Initiative (IP) demands stimulus by 2015

Representatives from the private sector expects the economy grow faster than in 2014, with a range between 3% and 3.5% annual rate, insisting the federal government to promote fiscal stimulus. Forecasts Gross Domestic Product (GDP) in 2015 from the private sector coincides with the average increase of 3.5 percent estimated in the survey of Banco de Mexico and is higher than the estimated for 2014, a rise of 2.19%. Gerardo Gutierrez, President of the Business Coordinating Council (CCE), warned that the private initiative will continue to the Government in public politics, and fiscal or any other kind of proposals that “helps boost the progress in the country.” Enrique Solana, leader of the Confederation of National Chambers of Commerce, Services and Tourism (CONCANACO), exposed the need of reducing the income tax percentage from 35% to 25% and establish the division of the Employee Profit Sharing based on productivity, for Mexico to be able push domestic market and sort the external risks that hinder the Mexican economy.

 

Source: El Financiero

Mexico, welcomes German companies to the Pacific Alliance

Mark Heinzel, director of the Association of Chambers of Commerce and Industry in Germany, established that entrepreneurs of the European Union are interested on the Pacific Alliance and they see Mexico as the axis of the nascent but promising arrangement in which four Latin American countries participate and opens wide possibilities for trade and investment. He also emphasized the positive changes given in Mexico under the Government of President Enrique Peña Nieto. In addition the German chairman pointed out that Educational Structural Reform will generate a better skilled labor. Heinzel considered that Mexico must take advantage of the Free Trade Agreement with Germany and he also suggested to look for opportunities in other countries other than the USA and make use of them.

 

Source: El Sol de Mxico

Mexico City attracts 47% from foreign direct investment in Mexico

The Secretariat for Economy Development in Distrito Federal, Salomón Chertorivski, asserted that Mexico City prevails as the main pole for investment attraction, reaching up to 47% of foreign direct investment (FDI) which amounted to US$7.1 billion by the third trimester of 2014. The staff member anticipated a “very good 2015” for the economy of that state. Chertorivski remarked that this city has got “outstanding investment”, as much foreign as national, like the one directed to real-estate development, information technologies, telecommunications, and pharmaceutical industries. He explained that there is capital investment still unnoticed by the public, an example would be the broad band sponsored by various telephone companies with “major” expenditures during the current administration. He said that they’ve settled important investments within the main banks and other technology companies like Cisco, locating in the country, their fourth world class Support Center, this implies openings for the talented young Mexican engineers and bring state-of-the-art technology. Chertorivski stand out a real estate investment for US$200 million. Mexico City will continue to welcome the visit form domestic and foreign investors, as offices for trade and investment from several US cities were consolidated in 2014. Within this framework, he said there are projects with Los Angeles and Chicago going on, and by the first semester of 2015 is anticipated a visit from a large delegation from Chicago planning to invest.

 

Source: Milenio

Peasa Company forsees a 20% growth investing US$5 million

Peasa, an auto parts manufacturer, foresees to grow a 20% this year, due to the investment in equipment by US$5 million last year and the execution of contracts with OEM´s and automotive companies, said in interview to T21 Ricardo Navarrete, New Business Manager for Peasa, who added that the company completed the year with an 8% raise. Currently, Peasa supplies GM and Isuzu and is looking forward to work with Nissan and one of its supplying companies this year. This was made possible by the metal stamping machinery and tube benders acquired in 2014 valued in US$5million. The thriving Mexican automotive industry is seen as a “great opportunity” for auto part manufacturers, added Mr. Navarrete, even leading to situations when demand exceeds supply.

 

Source: T21

Projects for US$10 billion in Mexico’s energy sector announced by Peña Nieto

The president of Mexico, Enrique Peña Nieto, announced billionaire projects for the energy sector in Oaxaca, as part of a network expansion agenda for gas pipelines nationwide. Upon presiding the kickoff of natural gas transport operations from Jaltipan to the Salina Cruz refinery, Peña Nieto talked about the expected expansion of the gas ducts in Oaxaca, a capital investment valued over US$4 billion, yet to add another US$6 billion allocation for reformation works to benefit Salina Cruz refinery. These undertakings will allow for more investment to be captured and occupations to increase, besides cutting-off pollutant emissions using renewable energy, stated the Mexican president. In addition, he mentioned that the first effects of the reform made in the early years of his administration shall be evident during this year.

Source: El Economista

Good employment opening coming to San Juan del Rio (Queretaro)

Juan Manuel Ayala, Manpower regional representative, indicated the good prospects on employment openings for this year in San Juan del Rio, since the affluent productive investments. "We are talking about an investment of 20 companies in the near future", he said. He also emphasized that Queretaro stands as a distribution center from central Mexico towards other regions in the country, so there is interest from domestic and foreign companies to develop their operations. According to Manpower, in the first trimester of 2015, 18% of employers will increase their staff, while a 4% of them are planning to reduce it and the remaining 78% does not reflect any changes.

Source: El Economista

Automotive Industry generates employment opportunities in Guanajuato

The investment boom in the automotive sector in Guanajuato has created employment opportunities for Queretaro citizens, especially in value-added activities, stated Juan Manuel Ayala, Division Manager of the Bajio Area for Manpower. At the Central Zone of the country, 13% of manufacturer employers will expand their staff from January to March 2015, according to the last Manpower's "Survey of Employment Prospects". Additionally, Mr. Ayala said that the assembler VUHL, the first company in the State, will generate a specialized demand.

Source: El Economista