Bulletin 569 - Friday, May 18, 2012

Silao, Guanajuato.-Only a day after Japanese investors broke ground in Guanajuato Inland Port to build the premises that will host the automotive supplier THK, another company from this sector was inaugurated in Silao. Investors from the United States opened ACCUGEARin Las Colinas Industrial Plant; components for automotive differentials will be manufactured in this plant. This is an extension of American Axle, a company that has been making business for 15 years now at this municipality. Richard Dauchs, the company's President, said that the factory inaugurated yesterday is devoted to assembling auto parts for vehicles built in five countries, such as the United States, Brazil and even Mexico. ACCUGEAR will initially generate 90 jobs in Silao, but Mr. Dauchs called workers to do their best so that their labor force grows throughout the years. Also, around 150 mixed jobs related to this investment should be created.

Source: Google News

Atlanta.-In spite of the economic crisis in Europe and high jet fuel prices, Latin America remains profitable and a business choice for Delta Airlines, which keep their investment in Aeromexico. This was pointed-out by James Sarvies, Director for Latin America and the Caribbean with Delta, who further said that it was the evolution of Latin America's economic dynamics which encouraged Delta to reinforce their participation in Aeromexico and Gol, from Brazil, two of their most important markets in the zone. In an interview he said that based on the potential growth of emerging businesses in Latin America and their relationship with the United States, Delta has projects to improve service to Hispanic passengers, who represent the largest percentage of their customers. He acknowledged that profit margins in Latin America have been lower than in Europe and Asia, but consistently positive and profitable for Delta.

Source: Notimex

Bazz Houston is now an ITAR (International Traffic in Arms Regulations) registered facility. This designation certifies that Bazz Houston has in place the necessary procedures to comply with the provisions of the Arms Export Control Act (AECE) and gives Bazz Houston the authorization to manufacture and ship Military and Defense parts. In business for over 50 years Bazz Houston is a custom metals manufacturer of Springs, Stampings, Wire forms Assembly & Tooling. In addition it has an excellent in house engineering department which can assist withany metal forming projectfrom initial design through prototype to finished product. Bazz Houston also offers "Design for Process Capability", which ensures a quality part at the best possible price. ISO 9001:2008 Registered. Bazz Houston 12700 Western Avenue Garden Grove CA 92841 www.bazz-houston.com patricia.houston@bazz-houston.com

Source: El Porvenir

Leon, Guanajuato. The Japanese company THK, developer of linear movement components for automotive industry, started operations in Silao, their first plant in Mexico. With an investment amounting to US$67 million, government authorities and the company's officers headed the groundbreaking for the construction of the production center, that will generate 250 direct jobs. This company was born in 1971 in Japan; they currently have 28 production plants all over the world; their design and exclusive technology has made of this company leader in the world in the development of a linear movement guide mechanism for automotive industry. "We will soon have our first plant in Mexico, where we will start production of aluminum parts for suspensions with the best engineering; we also plan manufacturing products for the main body", Akihiro Teramachi, CEO, THK, declared.

Source: El Economista

Coahuila, Saltillo.- Carlos Fernandez from BorgWarner Systems, confirmedthe arrival to Saltillo of an investment of European origin, to be made by a company based in Bremen, Germany. Carlos Fernandez, General Manager, Chain of Supply, BorgWarner Systems, Ramos Arizpe Plant, said, "our responsibilities include finding local suppliers and whenever not found, incentivesare offered to suppliers based in Europe. Therefore a European supplier is coming to Derramadero, they will be here in 2013". "It is -Mr. Fernandez said- the manufacturer of a small compressor, a company that has entered an agreement with ManufacturasZapaliname, (Administrator of La Angostura Industrial Park), but they will operate in Derramadero, plans are, as I already said, to start in 2013".

Source: Vanguardia

Mexico City.- The Minister of the Economy, Bruno Ferrari, said that some people find it wrong to say that Mexico is better now, but data and reality are proof of this "no matter what they say". He said that those who assure that Mexico's economy is in its worst conditions in 80 years are not only denying the truth. "Not only do they lie, they refuse to accept evidence seen elsewhere in the world on the country's strength in economy, exports, trade and finances". "This visit by businessmen from the European Union to make business in Mexico leaves it perfectly clear that Mexico is nowadays better, in spite of what some people say", he pointed-out. Antonio Tajani, Vice-president and Commissionaire, Business and Industry for the European Commission, said that Europe finds in Mexico juridical certainty for investments. He added that Mexico is a country where there is real economy, with an industrial sector that will work jointly with them.

Source: Notimex

Ciudad Juarez, Chihuahua.- Around 43 companies started a certification process to be members of the National Suppliers Development Center, Centro Nacional de Desarrollo de Proveedores (Cenadep) to be approved to sell supplies to maquiladora industry. In order to take advantage of maquiladora supplies market, the Maquiladoras Association, governments and education institutions created Cenadep, which is responsible to certify the job made by companies in Ciudad Juarez and provide assurance to maquiladora industry that quality materials will be delivered on time. Martín González De la O, Director, Cenadep, said that Mexican companies barely sell 3.4% of supplies consumed by maquiladora industry and the rest is imported from the United States. Therefore, he said, work done by these 43 companies is being audited, to take them to the level required by maquiladoras and increase sales. He said that Eticon's certification process was intercalated with Delphi's to guarantee the highest quality standards.

Source: El Diario