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Bulletin 748 - Friday, February 26, 2016


New investment projects to arrive to Nuevo Leon

So far, Nuevo Leon has a portfolio of over 130 FDI projects in some negotiation stage. Once carried out those projects, the total amount could reach the US$6 billion, according to the Ministry of Economic Development (SEDEC) in Nuevo Leon. Fernando Turner, Head of SEDEC, said that most of those projects are related with the manufacturing, household appliances, automotive and aeronautics industries, as well as the production of heavy machinery, trucks, tools, etc. Most of the funds come from the U.S., as well as from China, Japan and some European and South American countries. On the other hand, Mr. Turner pointed out that the Hofusan project shows an important progress and that it will include an industrial park, a commercial area and a residential sector, with up to US$500 million value. This development was announced as a result of an alliance between investors from China and entrepreneurs from Nuevo Leon.

 

Source: El Horizonte

Audi's supplier seeks to be established in Puebla

A German auto-parts supplier, manufacturer of mouldings, is seeking for a 3,000 square meters land to built a plant in Puebla, in order to supply various automakers in Mexico, including Audi's plant, generating 300 direct jobs, informed Juan Pablo Jimenez, representative of the Ministry of Economy in the Country. It is expected that the land required by the firm can be found as soon as possible, in order to establish the facilities, due that Audi will start operations next June.

Source: El Economista

Mexico, a production center with benefits

Clare Kelly, Ambassador of New Zealand to Mexico, informed that various companies belonging to the dairy sector of New Zealand may make investments in Mexico, because they think that it would be better to produce in Mexico than in Asia. Ms. Kelly said that the investments of New Zealand in Mexico reach the US$200 million. On the other hand, she highlighted the production costs and the quality of the engineers in the North of Mexico, where New Zealander manufacturers are established, which produce medical equipment and home appliances for the U.S. market and for the rest of the world. Meanwhile, Jorge Arguelles, commercial attaché of the Embassy, said that about 65 New Zealander companies are interested in investing in Mexico.

Source: Excelsior

New Border Crossing benefits the international trade

The new Port of Entrance (Puerto de Entrada) and the Tornillo-Guadalupe International Bridge were recently inaugurated. The event was headed by President Enrique Peña Nieto, accompanied by Penny Pritzker, Minister of Trade in the U.S., and Jeh Johnson, Minister of the American National Security. Both projects were made and designed to increase the international trade, enhance the environmental conditions and lighten the traffic jam in the metropolitan area of El Paso-Ciudad Juarez. The Puerto de Entrada will replace the Port of Fabens-Caseta, built in 1938, which will connect Tornillo, in Texas with Guadalupe, in Mexico. For its part, the Tornillo-Guadalupe project will increase the capacity and number of traffic lanes of the bridge and the Port of Entrance. It will also attract commercial traffic, as well pedestrians and passenger vehicles, allowing the crossing between the U.S. and Mexico, making more fluent the border trade.

Source: INDEX

Korean automotive firm arrives to Coahuila

The collaboration agreement with which the arrival of the Korean Firm Hyosun to Torreon, Coahuila will be concretized, has been recently signed. A new production center will be constructed in La Laguna region, with an investment of US$70 million and the creation of about 1,500 new direct jobs. This way, the Company will make reality its second operation plant in Mexico, where it will produce security bags, rugs and other components that the automotive industry requires. The event was attended by Hyosun's directives, Governor Ruben Moreira Valdez and Major Miguel Angel Riquelme Solis.

Source: El Sol de La Laguna

Sumitomo inaugurates plant in Aguascalientes

The State of Aguascalientes' Governor, Carlos Lozano de la Torre, headed the inauguration of the Sumitomo Electric Sintered Components Mexico's plant, accompanied by Kazuhiko Suganaga, President of Sumitomo Mexico, and Nozomi Ushijima, Managing Director of Sumitomo Electric Industries. Governor Lozano said that a world-class business environment has been created in Aguascalientes, allowing that the 80 most important Japanese companies to develop their selfs in a climate of public security, stability and competitiveness. Sumitomo Electric Mexico represents an investment of US$25 million and the creation of 120 new jobs. On the other hand, the plant is located at the San Francisco IV Industrial Park, on a land of more than 46,000 square meters, and will occupy an industrial building of 5,000 square meters, equipped with the most advanced technology of manufacturing.

Source: Plataforma de Aguascalientes

New maquiladoras coming to Sonora

Mario Mendoza Lugo, advisor of Index Nogales, pointed out that three new companies will be established soon and that will generate hundreds of jobs, during the first semester of 2016. Mr. Mendoza specified that the figure between 1,000 and 1,500 jobs in the maquiladora industry, will be kept during that period; and indirect jobs for other service and supplying sectors will be created. There was an increase of 1,000 jobs in a year, by going from 35,300 jobs recorded in the maquiladora industry in Nogales, by the end of 2014 to 36,300 jobs recorded by the end of 2015.

Source: El Diario de Sonora

Android-Mitusi arrives to Coahuila

Android-Mitusi, located in the Derramadero region, in Coahuila, was recently inaugurated, with the attendance of directives and authorities of Coahuila's Government. The Company received an investment of US$30 million and will generate 80 jobs. Android is an automotive firm that has 22 plants around the globe and it will assemble tires and wheels. This is the fourth plant in Mexico and the first one in Coahuila. It is expected that the new plant produces up to 2.2 million of tires and wheels per year.

Source: Vanguardia

Tamaulipas expects the arrival of new investments

A Korean Company belonging to the automotive industry, specialized in the production of hydraulic hoses for vehicles, will soon sign a final agreement to create 1,250 new jobs. Besides, other manufacturing firms will be established and will expand their facilities in Reynosa, Tamaulipas. It is expected that 5,000 new jobs be generated within the next five months. Mayor Jose Elias Leal commented that they have met with investors and visited various industrial parks, such as "El Puente", where the Prologis firm expanded its industrial building, aiming to offer it to the automotive manufacturing sector.

Source: Cluster Industrial

Puebla, seeking for its third automaker

The Government of Puebla negotiates the arrival of a third electrical vehicles maker, which will invest US$700 million and is requiring the donation of 40 hectares in the Municipality of San Jose Chiapa, where the Audi plant is located. Jose Cabalan Macari Alvaro, Minister of Competitiveness, Labor and Economic Development (SECOTRADE), explained that they expect to get more information to analyze the magnitude of the investment, in order to provide the adequate support to concretize the establishment. On the other hand, it is also expected the arrival of 40 automakers that will be located at the Finsa II Industrial Park, in the Municipality of Nopalucan. With 45 hectares, the Finsa II Park has an important progress for a first stage and it is expected to be concluded this year.

Source: El Economista

Historical FDI between Mexico and Brazil, US$50 billion

According to Brazil's Foreign Affairs Ministry's figures, about US$50 billion of FDI have been sent between Brazil and Mexico, of which US$30 billion came from Mexican firms in Brazil, and the US$20 billion remaining belong to funds from Brazilian firms in Mexico. The Mexican investments are headed by the America Movil Company, owner of Claro, Net and Embratel, which are managed by Carlos Slim. The Government of Brazil estimates that a one third of the Brazilian communications market (cable television, mobile communications and internet services) is managed by Mexican funds. Other Mexican companies with productive capital within the Brazilian market are: Coca-Cola Femsa, Industrias CH, Rotoplas, Rassini, Mexichem, Cemex, Bimbo, Mabe and Cinepolis. On the other hand, Brazilian firms such as the petrochemical Braskem and Oxiteno, the steel producer Gerdau, the beer company Anheuser-Busch InBev, the IT consultant Stefanini and the building firm Odebrecht have investment projects in Mexico.

Source: El Economista