Manufacturing in Mexico – Industry News

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Hon Hai Net Income Misses Estimates After Raising China Wages

Hon Hai Precision Industry Co., the world’s largest contract manufacturer of electronics, posted profit that missed estimates after it raised wages following a spate of suicides among workers in China. Hon Hai, which makes Apple Inc. iPhones and iPads, Hewlett- Packard Co. computers and Sony Corp. game consoles, increased salaries at factories in China by 30 percent after a spate of suicides prompted clients to investigate working conditions. The effect on profit from wage increases may be offset by a move to lower-cost locations in the country’s interior. Read more:

Hon Hai Net Income Misses Estimates After Raising China Wages

North America’s Medical Device Manufacturing Capital, Tijuana, Announces New Industry Investments

New research on the medical device manufacturing industry shows that foreign investment in Tijuana has pushed employment up in the 2nd quarter of 2010 to a new high of 28,200 employees, showing a 4% increase over 2008. While over 40 medical device companies now call Tijuana home, one of the more recent global companies that has expanded in 2010 to take advantage of Tijuana’s high-quality-but-lower-cost business environment is New Zealand-based medical device firm Fisher & Paykel. With their March 2010 announcement of a new 230,000 sq. ft. manufacturing operation in Tijuana, this world-class, multinational company expects to…

2010 Medical Device and Manufacturing (MD&M) – Tijuana

September 7 & 8, 2010 / Tijuana, Mexico
The event will feature a conference program, a medical sector trade show, and business matchmaking with executives from Medtronic, CareFusion, Greatbatch, Honeywell, and Sunrise Medical to name a few. “This event provides an excellent, cost-effective way for medical device suppliers to network with new prospects, as well as facilitate introductions for prospective buyers of suppliers in this specialized field,” comments Olivieri of the Tijuana EDC. MD&M Website. Read more:

2010 Medical Device and Manufacturing (MD&M) – Tijuana

Mexico’s Economy Grows 7.6% in Q2

Mexico’s National Statistics Agency said on Friday the nation’s gross domestic product rose 7.6 percent in the second quarter compared with the same period last year. The quarterly GDP increased 3.22 percent from the first quarter. Industrial output rose 7.8 percent year-on-year, and 1.7 percent from last quarter. Mexican manufacturing has been experiencing a boom thanks to exports to the United States, the nation’s main trading partner. Mexico’s auto industry, which heavily depends on the U.S. market, reported a quarterly increase of 57.9 percent in exports, compared with a year earlier and nearly 80 percent for the first seven months…

Mexico’s Economy Limping Back

Mexico’s central bank said it will keep borrowing costs low to help the country recover from a deep recession and warned factory output could slow, while data showed an economic contraction in June. “In Mexico, manufacturing output and exports continue to grow at accelerated rates, but considering the U.S. outlook, this growth could moderate,” the bank said in a statement. Read more:

Mexico’s Economy Limping Back

The U.S.-Mexico Border Is Safer Than You Think

There has been no increase in violent crime on the U.S. side of the border. In fact, reports show that the U.S. border is getting safer. The poll, commissioned by the Border Network for Human Rights in El Paso, Tex., and conducted by the independent polling firm The Reuel Group, Inc., found that the vast majority (more than 87 percent) of people living along the U.S. border feel safe. That’s compared to 8 percent who said they didn’t feel safe, and around 5 percent who were undecided. The poll surveyed 1,222 adults, primarily likely voters, in 10 communities along the…

Mexico’s Economy Expands in Second Quarter

MEXICO CITY—Mexico’s economy expanded in the second quarter at its fastest pace in more than a decade as manufacturing continued to recover from last year’s recession and growth in services also gained momentum. Read more:

Mexico’s Economy Expands in Second Quarter

Mexican Economy Sees Big Rebound from Global Economic Crisis in Q2 Growth

MEXICO CITY – The government says Mexico’s economy grew 7.6 per cent in the second quarter of 2010 compared to the previous year’s quarter, the largest jump since the 2009 global economic crisis plunged the country into recession. Read more:

Mexico Economy Sees Big Rebound

Mexican Students Join Aerospace Program at NMSU

Twenty students from Mexico have set their aerospace careers for takeoff today. New Mexico State University is bringing the group into a world of aviation and space travel as it shapes the first generation of Mexican aerospace engineers. The students will become part of NMSU’s aerospace program. They come from the Autonomous University of Chihuahua, where they took their first six semesters in engineering. Now they are ready to complete the last three semesters in aerospace engineering and graduate with bachelor’s degrees from both universities. Read more:

Mexican Students Join Aerospace Program at NMSU

Aerospace Opportunities in Mexico

Mexico is today’s opportunity. More passengers are flying, a greater number of airlines are operating, and airports are upgrading and expanding both physically and operationally. Subsequently, opportunities are available in every aspect of the aviation industry.

The latest overview of market potential for the aerospace sector in Mexico presented by the UK Trade & Investment Organization:

Aerospace Opportunities in Mexico