Manufacturing in Mexico – Industry News

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Rebound in Mexican Factories Could Mean Jobs in San Diego

As the cost of Chinese goods rise and trade friction mounts between Washington and Beijing, one of the beneficiaries appears to be Mexico, which could have a spillover effect on the San Diego economy.  So far this year, industrial production in Mexico is up 3 percent over last year and Mexican exports to the United States are up nearly 2 percent, including a $1.7 billion rise in machinery exports and $1.3 billion in electrical equipment, appliances and components.  Read more:

Mexican Factories

Bombardier Increases Presence In Mexico

Bombardier Aerospace will build the aft fuselage for its new Bombardier Global 7000 and Global 8000 business jets in Queretaro, Mexico, a move that continues to expand its already substantial presence at the location.  The Queretaro facility produces the aft fuselage for Bombardier’s Global 5000 and 6000 jets, as well as major composite structures for the Learjet 85. Read more:

Bombardier Increases Presence in Mexico

Mexican Peso Rises Most in Four Weeks on Global Growth Optimism

Mexico’s peso rose the most in four weeks as mounting optimism about global economic growth spurred demand for higher-yielding, emerging-market assets.  The peso advanced 2.3 percent to 13.3708 per U.S. dollar as of 5 p.m. New York time, from 13.6752 on Oct. 21, for the biggest gain since Sept. 23. The Bloomberg JPMorgan Latin American Currency Index rose 1.6 percent.  Read more:

Mexico Peso

Bombardier Querétaro Site To Build Aft Fuselage For Global 7000 And 8000

Bombardier Aerospace today announced that the aft fuselage of its new Global 7000 and Global 8000 business jets will be built at its site in Querétaro, Mexico.  Read more:

Bombardier Aerospace

Carlos Guzman Bofill, Director General for Promexico, Estimates FDI in Mexico will Reach 20 billion USD for 2011

With less than a quarter left to finish the year, Carlos Guzman Bofill, Director General for Promexico estimated that foreign direct investment (FDI) will reach $20 billion in 2011.  In introducing the results for the third quarter of this year, he said that in the first half of 2011 there was $11 billion FDI, compared to the $19.6 million of FDI received throughout 2010. Read more:

FDI in Mexico

Study: Three Million Jobs Could Return to the U.S. from China

Mexico could prove to be a lower-cost alternative to the United States as a production center. Rising wages in China and increasing transportation costs could result in a mass return of jobs to North America, says Chris Kuehl, an economic analyst for the Fabricators & Manufacturers Association.  Wages in China have been rising at a rate of 15% to 20% per year, according to the Boston Consulting Group. Read more:

Mexico on the Rise?

The Mexican Government Extends the Flat Tax Incentive for Maquiladoras

The Mexican government has extended the Flat Tax incentive for Maquila operation. In an effort to mitigate the adverse impact caused by the introduction of the Flat Tax (IETU) on the Maquiladora Industry, a presidential decree, issued November 5, 2007, granted various tax benefits to Maquiladoras. The incentive was previously available through December 31, 2011. However the incentive will now be available until December 31, 2013.  Read more:

Full Press Release

Bombardier Stands By CSeries, Sees 7,000-Aircraft Market

Bombardier is confident the CSeries will enter service in 2013 despite a few areas of concern, Bombardier Aerospace President Guy Hachey told analysts yesterday at the National Business Aviation Association show in Las Vegas.  Read more:

Bombardier Stands By CSeries

Mexico Extends Tax Breaks For Export Manufacturers For 2 Years

Mexican President Felipe Calderon extended for two years tax breaks for the export manufacturing industry, in a decree aimed at encouraging investment and employment in the sector.  In an announcement Tuesday at the presidential residence, Calderon said Mexico’s export manufacturing plants, or maquiladoras, account for more than 12% of formal private-sector employment in the country.  Read more:

Tax Breaks for Maquiladoras

SURVEY: Mexico’s August Industrial Output Seen Up 3.4% On Year

Mexico’s industrial production likely continued to grow at a steady pace in August compared with a year ago on strong auto production and a positive calendar effect, although output is expected to have slipped from July in seasonally adjusted terms.  Read more:

Mexico’s Industrial Output