Manufacturing in Mexico – Industry News

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Japan Manufacturing Exodus ‘Large’ Cause for Trade Concern

An exodus of manufacturing jobs from Japan may prolong trade-balance concerns after the nation reported its first annual trade deficit in 31 years.  Manufacturers from Panasonic and Honda to Sony Corp. and Toyota Motor Corp., which helped fuel three decades of trade surpluses, are moving output overseas as the yen trades near a postwar high, making exports less profitable.  Japanese companies continue to relocate production in North America, specifically Mexico.  Read more:

Japan Manufacturing Exodus – Cause for Trade Concern

Nissan Plans $2 Billion Mexican Plant to Avoid Yen Losses

Nissan Motor Co., the Asian carmaker with the biggest production capacity in Mexico, will spend as much as $2 billion on a third factory in the country as the yen’s strength drives the company out of Japan.  The plant will open late next year in Aguascalientes, near one of Nissan’s two current Mexico factories, the Yokohama, Japan-based company said today. The plant, intended to produce vehicles for the Americas, initially will make 175,000 small cars a year before capacity gradually expands, the company said.  Read more:

Nissan Plans $2 Billion Mexican Plant to Avoid Yen Losses

As US-Mexico Trade Booms, Border Area Draws Jobs Away from China

Rising wages in China, currency appreciation, and ocean-freight costs from Asia are a major factor for overall production costs, according to research conducted by AlixPartners, a global business-advisory firm. And that means more and more manufacturing work is going to the US/Mexico border area.  Border towns like El Paso and Ciudad Juarez saw a whopping 47 percent increase from 2009 to 2010.  Read more:

US-Mexico Trade Booms

Denso to Build New Manufacturing Plant in Mexico

DENSO subsidiary DENSO Mexico (DNMX) will invest $57m to build an additional plant in Silao, Guanajuato, Mexico, to help the company expand its business in the country and meet the growing needs of its North American customers.  The new Mexican plant will manufacture heating, ventilation and air conditioning (HVAC) units mainly for Honda Motor and Ford Motor.  Read more:

Denso to Build New Manufacturing Plant in Mexico

Nissan Says It Will Fight Yen by Boosting Use of American Plants

Japan’s second- biggest carmaker, plans a record 85 percent of the vehicles sold in North and South America to come from plants in the region by 2015 to reduce losses from the yen. Carlos Ghosn, CEO of Nissan and affiliate Renault SA, said in an October interview that Japanese automakers would continue shifting production outside their home country because of the appreciating yen.  Details of a third auto-assembly factory in Mexico, with plans to build about 700,000 vehicles/year, may come within weeks, Ghosn said in a Jan. 9 interview in Detroit.  Read more:

Nissan – Boosting Use of American Plants

Asia’s Automakers Moving Production to US

Asian carmakers are boosting their production in the United States after disaster-caused production bottlenecks abroad and disadvantageous exchange-rate shifts have helped erode their market shares in the country. Toyota, Honda and their compatriots found their supply chains in Asia broken last year after the devastating earthquake and tsunami in Japan last March, and the widespread flooding in Thailand in the second half of 2011. Read more:

Asia’s Automakers Moving Production to US

Japanese Automakers Moving More Production to North America

Yoshimi Inaba, Toyota Motor Corp.’s chief operating officer in Asia. told Alan Ohnsman of Bloomberg that Japan’s biggest automaker, will move more of its production to North American plants because of the impact of the rising value of yen to dollars.  Toyota is also looking into the possibility of more facilities in Mexico as well.  “Using Mexico as an important base for either parts or production is no doubt,” Inaba said. “We are always looking at Mexico. We have a small experience in Baja, but that is not the end of the story.”  Read more:

Japanese Automakers Moving More Production

Mexican Peso Rises as Auto Production Fuels Economic Optimism

Mexico’s peso rose after the nation’s auto industry group said production hit a record last year, fueling optimism for Latin America’s second-biggest economy.  According to Eduardo Suarez, a Latin America currency strategist at Scotia Capital Inc: “The correlation with the auto industry and the economy as a whole is really high.” Output hit a record in 2011, Eduardo Solis, president of the auto association known as AMIA, said during an event in Mexico City.  Read more:

Mexican Peso Rises as Auto Production Fuels Economic Optimism

Toyota Says North America to Become Global Auto Export Base

As a cost-saving move, Toyota is also studying getting more parts or even producing more vehicles in Mexico, chief operating officer, Yoshimi Inaba, said.  “Using Mexico as an important base for either parts or production is no doubt,” Inaba said, without elaborating. “We are always looking at Mexico. We have a small experience in Baja, but that is not the end of the story.”  Read more about Toyota’s North America Plan:

Toyota Says North America to Become Global Auto Export Base

Nissan to Build New Plant in Mexico

As Nissan reinforces its North American capacity, CEO Carlos Ghosn said on Jan. 9 that the company will build a new plant in Mexico.  “Yes we will increase our capacity in Mexico,” Ghosn said on the sidelines of the Detroit auto show.  Nissan is also planning to boost production at its U.S. plants in Tennessee and Mississippi, which are running at near-capacity, he said.  Read more:

Nissan to Build New Plant in Mexico

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