Manufacturing in Mexico – Industry News
Rheem announced Thursday (June 23) the company will move 250 jobs from Fort Smith to an expanded manufacturing plant in Nuevo Laredo, Mexico, during a phased plan expected to last three years. The 290,400-square-foot plant expansion in Mexico is expected to be finished by spring 2012. The plant now produces air conditioners and heat pumps, and will begin to produce residential heating and cooling equipment now produced in Fort Smith. Read more:
Steve Handschuh, president and chief operating officer of the Automotive Aftermarket Supplier Association (AASA) sat down with Aftermarket Business World to explain the aftermarket in Mexico and why it is a great place to do business. Read more:
When all eyes are focused on China, it is easy to overlook Mexico. For the last decade or so, the common view has been that China’s vastly cheaper labour and greater production capacity are too much to handle for Mexico’s manufacturing export sector. But a research note on Tuesday by RBC Capital Markets comes as a timely reminder that in the battle for market share of US imports, Mexico is far from beaten. Read more:
Manufacturing in Mexico continues to grow in 2011 with both new and existing companies expanding operations across various sectors, most notably record-breaking numbers in auto production and vehicle exports. In May, more than 213,000 cars were manufactured in the country — 19.4 percent more than in the same period in 2010, representing the highest record, according to Eduardo Solis, president of the Mexican Association of the Automotive Industry (AMIA). Read more:
Thermal processing specialist Bodycote has signed a 10-year renewal contract with Rolls-Royce to provide its services in the UK and potentially other parts of the world, including North America and Asia. The company’s Dallas, Texas-based aerospace and defense division also has announced the planned opening this year of a new vacuum, heat-treatment facility in Mexico to provide outsourced thermal processing to major aerospace and power-generation suppliers in the area. Read more:
Bodycote Renews Rolls-Royce Contract, Opens Facility in Mexico
TECT announced today that the newest member of its family of businesses, TECT Aerospace Components, will open a new manufacturing facility in Guanajuato, Mexico. TECT expects to begin shipping parts by the fourth quarter of 2011. Read more:
Foxconn has operations in Chihuahua City, Guadalajara, Reynosa and Tijuana in Mexico. Taiwanese electronics giant Foxconn will consolidate some, if not all, of its North American operations at the company’s giant factory just down the road in San Jeronimo, Mexico, according to Francisco Uranga. He is Foxconn’s corporate vice president and chief business operations officer for Latin America. Read more:
Mazda Motor Co. said Friday that it will build engine and vehicle assembly plants in Mexico to make small cars. The plants, to be built in Salamanca city, Guanajuato state, north of Mexico City, will be built in an alliance with trading company Sumitomo Corp. They will manufacture the Mazda2 subcompact and Mazda3 compact, primarily for Central and South America, the company said. Read more:
The age of cheap labor in China is ending as annual wages for manufacturing workers continue to grow: “We’ve seen our wage costs in China go up nearly 50 percent in the last two years alone,” said Charles Hubbs of Guangzhou Fortunique, which is a medical supply company for some of the United States’ largest health care companies. “It’s harder to keep workers on now, and it’s more expensive to attract new ones. Read more:
Mazda Motor Corp. plans to build a $500 million facility for their manufacturing in Mexico efforts. Complex capacity will be large enough to build 140,000 vehicles a year as the Japanese automaker expands in Latin America. Read more: