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Bulletin 735 - Friday, November 6, 2015


Hansuh expands operations

Hansuh Automotive Mexico is expanding its operations in Ciudad Juarez. The company is investing US$7.1 million and creating 750 jobs to fulfill the growing demand for seat covers for its clients Hyundai, KIA, and General Motors. The company has a comprehensive expansion plan which includes more sewing and quality auditor jobs for next year. Jong Sung Park, President of Hansuh in North America, explained that the company also considers a second facility in Ciudad Juarez within the next 2 years if the market continues growing, especially for Asian auto builders. Hansuh Automotive Mexico has been operating in Juarez for three years and this is its first expansion in this border region.

Source: Canal 44

Coahuila invests in infrastructure to attract energy companies

The lack of infrastructure in Coahuila is stopping this Mexican state to attract energy companies; therefore, the State Government is promoting public works in several communities, including Ciudad Acuña. Rogelio Ramos Oranday, commissioner for the Mining – oil cluster in Coahuila for the State Government, said several projects are underway and most of the resources will come from the Mining Fund. This cluster wants to invest the US$1 million fund in 5 projects, which includes a parallel rail line nearby the Rio Grande, a vehicular bypass in Acuña and widening of the Piedras Negras – Nuevo Laredo highway. These projects might be built soon.

Source: Vanguardia

Mexico expects to quadruple its wienend energy capacity

Mexico expects to quadruple its wind energy capacity, as part of the President Enrique Peña Nieto's efforts aimed to transform the Mexico's energy sector. The country expects to have 10 gigawatts of turbines operating in all regions, within 3 years, compared to the 2.5 gigawatts in 2014. According to the Wind Energy Association in Mexico, it is expected to reach the 20 gigawatts of clean energy by 2030. Within the next 25 years, a total of 22 gigawatts of wind energy will be added and will require an investment of US$46 billion. Mexico committed itself to reduce a 22% of the greenhouse effect gas emissions by 2030. On the other hand, the Government plans to conduct annual energy auctions, starting on March 2016. The electricity producers will receive certificates per every megawatt/hour of clean energy generated; moreover, 20-year certificates will be sold through auctions to large electricity consumers. The Government also issued a resolution in 2012 aiming to obtain a 35% of the national energy of not-fossil fuels sources by 2024, compared with the current 21%. Those who do not comply with the resolution will be subject to fines up to US$200 per megawatt/hour consumed.

 

Source: Economia Hoy

New Industrial Park to be developed in Nuevo Leon

The Chinese Companies, Holley Group and Futong Group, together with the businessman Cesar Santos, will invest between US$300 and US$500 million to start developing the Hofusan Industrial Park in Salinas Victoria, Nuevo Leon, through a joint venture, by early 2016. Mr. Santos will provide an 850-hectare land and the Chinese entrepreneurs will be funding partners in charge of the park development. This park will have industrial, commercial, services and residential areas. In a first stage, US$50 million will be invested for the industrial part that will occupy 200 hectares. Furthermore, US$80 million will be used to install two plants of Holley Group and one of Futong Group, which will start operations by 2017.

 

Source: El Norte

Toledo Molding Mexico inaugurates new plant in Guanajuato

The Toledo Molding Company, dedicated to manufacture auto parts by blow molding and injection molding processes, inaugurated its new plant in Guanajuato. About US$26 million were invested in this plant, generating 312 new jobs. This U.S. firm will produce instrumentation for panels, door modules, hard finish consoles, management systems air/fluid, and air conditioning systems and heating.

Source: Cluster Industrial

Nuevo Leon, the only State with a nanotechnology cluster

Nuevo Leon is the only State in Mexico that has a specialized nanotechnology cluster, with the support and joint work between the Government, several companies and academic institutions. The Cluster was born in 2010, and since then, commercial and industrial applications have been developed for the automotive, aerospace, machinery and equipment, building and home appliances sectors, in addition to medical and research systems, among others. Companies such as Cemex, Lamosa, Owens Corning, Prolec GE, Sigma Alimentos, Viakable, Vitro, Nemak and Whirlpool have presence in this cluster. There are 101 companies In Mexico that use nanotechnology in their processes or products; 39 of them are located in Nuevo Leon, according to data from the Cluster.

Source: El Economista

New investments arrive to Jalisco

The Ministry of Economic Development in Jalisco announced investments of US$215.12 million by four local and foreign companies, generating 619 jobs. Grupo Dragon, for its part, announced the construction of its second plant in Los Altos Wind Farm, located in the Municipality of Ojuelos, investing US$200 million. The Sirane Central Americana firm announced an investment of US$1 million and the generation of 60 jobs. Sirane plans to build a manufacturing plant at the metropolitan area of Guadalajara to produce equipment for food and medical packaging. The French Company, Serap is to invest US$625 million to establish a plant in Jalisco, in order to become a supplying center for Latin America, receiving pieces for assembly from France and India through the Manzanillo and Veracruz ports. Finally, IMI Company announced a US$13.5 million investment for the construction of a manufacturing plant in El Salto, Jalisco, where 235 jobs will be created.

Source: Milenio

Port of Manzanillo receives funding for expansion

The International Financial Corporation (IFC), member of the World Bank Group, will grant a US$117.5 million funding for the modernization and expansion of the Port of Manzanillo, which will help to boost Mexico's competitiveness and to reduce transportation costs. Furthermore, it will help the International Container Terminal Services Inc. (ICTSI) to reach a 50% increase in its capacity of cargo manipulation and to achieve faster clearance times. An increase in public incomes is expected, as a result of this port's modernization, the increase in concession fees and taxes payment. On the other hand, 850 new jobs for the operational and administrative areas will be generated by 2020.

Source: El Economista