Manufacturing in Mexico – Industry News

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Mexico Gains from Costlier China

Looking over the past 15 years, the cost difference to manufacturers between low-wage Mexico and lower-wage China has been narrowing at an ever-accelerating pace. In 1996, Chinese labor cost about one-third of Mexican labor. In 2009, Chinese labor cost about half of Mexico’s—$1.69 per hour, on average, compared to $3.46 per hour in Mexico. Before the downturn, a number of companies chose to shift manufacturing to Mexico from across the Pacific, driven by skyrocketing shipping costs. Read more:

Mexico Gains from Costlier China

Bringing NAFTA Back Home

Despite Chinese competition, Mexico’s exports are growing. But the country is still not taking full advantage of its trade agreement with the United States. Mexico’s share of the American market has grown to 12.2%—its highest level since NAFTA came into force. The rapacious expansion of China’s exports has come at the expense of others, including Canada, the third NAFTA member. Read more:

Bringing NAFTA Back Home

Mexican president says economy in full recovery

Mexico’s economy is in full recovery, thanks to a revival in export growth, Mexican President Felipe Calderon said Thursday. “Mexico is replacing Canada as the second largest exporter to the United States in non-energy products. We are increasing our exports compared with Japan, Brazil and others that export to this market,” Calderon said when addressing the Mexican Council for Foreign Trade,Investment and Technology at his official residence Los Pinos. Read more:

Mexican president says economy in full recovery

Bombardier Opens Learjet 85 Aircraft Component Manufacturing Facility in Queretaro, Mexico

Bombardier Aerospace announced that it has inaugurated its new Learjet 85 aircraft component manufacturing facility at its site in the Queretaro Aerospace Park. Read more:

Bombardier Opens Learjet 85 Aircraft Component Manufacturing Facility in Mexico

Manufacture in Tijuana – Your Best Nearshore Strategy

San Jose, CA – The Tijuana Economic Development Corporation (Tijuana-EDC) presents a Business Symposium “Manufacture in Tijuana, the Best Near-Shore Strategy” on Tuesday, November 9th at the Sheraton Hotel in San Jose, CA from 8:00 AM to 1:00 PM. The Tijuana-EDC has planned an informative half-day event that will include success stories in the electronics and medical device industries. Read more:

Manufacture in Tijuana – Your Best Nearshore Strategy