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Bulletin 699 - Friday, February 6, 2015


Korean Company evaluates to invest in Chihuahua

With a US$23 million investment and the creation of 600 new jobs, the Korean company Yongsan Automotive Parts Interior is considering to install its plant in Ciudad Juarez and produce there the garments of seats for KIA vehicles that are assembled in Monterrey. Yoon-Joon-Hyuk and two more executives of the Korean company visited this border for a few days, and toured the Bermudez and Intermex Industrial Parks. Due to the fast installation it must be located in ready-to-use facilities, reported the Director of Economic Development of the Municipality, Juan Ubaldo Benavente. Employers look for the best conditions to establish their company, so that after Ciudad Juarez, they will analyze Gomez Palacio, Durango and Saltillo, Coahuila. Even though the automaker KIA is in Monterrey, they keep Ciudad Juarez as their first choice. Once established in this border, Yongsan will begin operations with about 300 jobs this year and 300 more jobs by 2016.

 

Source: Norte Digital

Guanajuato expects a millionaire investment

This year it is planned to realize the investment announcement in Leon of 20 companies for approximately US$1 billion, mainly concerning the auto-parts sector. "In Leon, it is estimated that if we have parks into operation, such as Santa Ana del Conde and Santa Rosa,, we could easily consider that about 20 companies would have great potential to be established this year in Leon, which would give a relentless dynamism to the economy", said Hector Lopez Santillana, Minister of State Economic Development. These new investments would bring around 15,000 direct jobs within the automotive, food and plastics sectors, said the Official. Statewide, Lopez Santillana said that the settling of around 70 new investments is being awaited, mainly in the automotive, food processing, personal care and cosmetic sectors, mostly towards the industrial corridor, but other municipalities would be benefitted as well.

 

Source: Cluster Industrial

Toyota suppliers are considering Coahuila

Manufacturers supplying to Toyota’s plant in San Antonio, Texas, are evaluating the cities of Acuña and Piedras Negras in Coahuila, Mexico for a possible relocation, said the President of Grupo Amistad Global, Claudio Ramon. He added that companies take from 6 to 8 months to complete their studies before making an investment decision, however, this year is expected to hear from at least one of them. Moreover, in the case of Amistad Aeropuerto Industrial Park, Claudio Ramon said that they are currently watching two prospects of the automotive sector, which will bring from USD$ 15 to 20 million potential investments. Finally, he commented that this Industrial Park currently generates 3,500 jobs and last year, with the arrival of six operations, over a thousand jobs were generated.

 

Source: Vanguardia

New Toyota’s plant will be located in Queretaro

After considering the establishment of the new plant in Celaya, Guanajuato, and San Juan del Rio, Queretaro the Japanese company decided to install a vehicle assembly plant in Queretaro. San Juan del Rio is the second largest city in Queretaro, with a population of 300,000 and it is located about 55 kilometers away from Queretaro´s capital city. Aguascalientes and Nuevo Leon were some of the states considered for this new plant. If the decision of the Japanese automaker Toyota becomes official, the State of Queretaro would have its first assembly plant for light vehicles.

 

Source: Reforma

European companies look at Mexico’s appeal

The recently introduced structural changes have given Mexico a good development perspective, which, added to “reasonable” investment costs, promote much interest among several European companies to move their business into Mexico. Thomas Johnsen, Professor at the Business School of Rennes, France, said: "There are good prospects for Mexico. It is a country where reasonable-priced investment is possible and moving factories there might be interesting to many European companies ". Many firms in the old continent are considering to relocate their factories in Mexico, due to the benefits the country could get from the U.S.’ economic takeoff. Ramzi Hammami, Dean of the Supply Chain Research Center at Renne’s Business School, said that the success of the energy reform will depend on how well small businesses (value chain) develop as they supply to Petroleos Mexicanos. Hammami commented that companies are no longer looking for a country to have a low cost production, but to increase their market. It happened before, not long ago, but the vision has changed. "Now everything is more global, time is money. Once that companies are installed in other countries, they are not only thinking about manufacturing the product and shipping it back, they think about selling their goods locally as well", Mr. Hammami said. One of the advantages seen recently in terms of manufacturing is called near shore phenomenon. In this sense, firms from several countries are looking to take advantage of the Mexican labor in price and quality against China. "Traditionally, the costs were high and it was perceived in the products, but now methods have been found, the world has evolved and even have improved costs. There are no excuses anymore, becoming sustainable have its benefits", he pointed out.

 

Source: Negocios

Foreign companies are interested in Mexico-Queretaro´s railroad (TAV)

At least five foreign companies would be interested in the High Speed Mexico-Queretaro’s Railroad project, which meet the requirements expressed in the pre-bases: the China Railway Construction Corporation (CRCC), the Canadian Bombardier, the French Alstom, the Spanish Talgo and the Italian Ansaldo Breda, specified Gerardo Ruiz Esparza, Head of the Ministry of Communications and Transport (SCT). He also stressed that these companies have already met with the corresponding area of the Ministry, which shared the pre-bases and requirements to present a proposal. Companies have until July 14, 2015 to submit technical and financial proposals, and the final resolution will be issued fifteen days later. The train must be ready for testing by 2018, according to Pablo Suarez, CEO of Railway Transport for the Ministry of Communications and Transport.

 

Source: El Financiero