Manufacturing in Mexico – Industry News

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BMW May Add 3-Series, 1-Series Capacity In Mexico

Lower wages than the U.S have led Audi, and now BMW, to choose Mexico.  For BMW, the Mexican plant would add extra capacity for the 3-Series and next-generation, front wheel drive  1-Series lineup. Versus Germany (one the most expensive and skilled labor markets) Mexican production will allow for increased profit margins and duty-free trade among North America, South America, Mexico and Europe.  Read more:

BMW May Add 3-Series, 1-Series Capacity In Mexico

Mexico Could Pass Brazil as Top LatAm Economy in 10 Years-Nomura

Mexico could become a ‘jaguar’ economy, similar to the fast-growing ‘tiger’ economies of East Asia, if its newly-elected government succeeds in kick-starting lackluster growth with ambitious economic reforms, Nomura said.  Optimism about the chance of change in Mexico contrasted with reform fatigue in Brazil, where the government has wheeled out successive measures to boost local industry and protect exporters from a strong exchange rate.  Read more:

Mexico Could Pass Up Brazil

Modern-Day Maquiladora Town Becoming Reality

Situated 40 miles south of Las Cruces, New Mexico’s second largest city, Santa Teresa has become a U.S.-Mexico border development hot spot. It is literally a stone’s throw across the border from computer and electronics manufacturing giant FoxConn, which operates Mexico’s largest border assembly plant, or maquiladora. Then there’s the $400 million rail hub being developed by Union Pacific on 2,200 acres on the U.S. side of the border.  Read more:

Modern-Day Maquiladora Town Becoming Reality

Nippon Steel to Build Plant in Central Mexico

Nippon Steel and several Japanese partners have formed a joint venture to build a steel plant in the central Mexican state of Guanajuato to supply the automotive industry, the Nikkei business daily reported Tuesday.  The $39.6 million plant is expected to begin production in mid-2013 in the city of Silao and employ about 200 people.  Read more:

Nippon Steel to Build Plant in Central Mexico

Mexican July auto output rises 18%

Mexico’s auto production in July surged 18% compared with the same month of 2011 as the sector continues full throttle toward a record year for vehicle output, Mexican Automobile Industry Association AMIA said Monday.  Eduardo Solis, head of AMIA, said production during the first seven months of the year also represents an industry record for the January-July period.  Mexico has succeeded in attracting numerous car makers to the country, positioning itself as a comparably low-cost production center within North America.  Read more:

Mexican July auto output rises 18%

Mexico 2012 Auto Sales May Rise 13% On Consumer Confidence

Mexico’s auto industry is booming as both vehicle production and exports reached their highest levels in the first seven months of the year for any January to July period, said the nation’s Automobile Industry Association, or AMIA. “A cycle of better economic performance, better confidence on the part of the consumer and more disposition by banks to grant loans are contributing to the results we’re reporting today,” Guillermo Rosales, director of government relations, told reporters.  Read more:

Mexico 2012 Auto Sales May Rise 13% On Consumer Confidence

Sumitomo Corp : Development of the Automotive Steel Pipe/Tube Business in Mexico

Nippon Steel, Sumitomo Pipe & Tube, Sumitomo Corporation, and Metal One have long discussed entry into the Mexican market with a view to capturing demand for automotive steel pipes/tubes in this country. Recently, they agreed to jointly establish a corporation in Mexico and begin the construction of a plant at the land acquired in Silao, in the state of Guanajuato.  Read more:

Automotive Steel Pipe/Tube Business in Mexico

BMW Considers Building 3-Series in Mexico

As automakers seek new locations for factories in order to lower production costs, hedge against currency fluctuations and build cars closer to where they are sold, BMW is reportedly seeking a site in Mexico to build a new plant for production of its popular 3-Series model. Close rival Mercedes-Benz has already announced that it will start building its next-generation C Class at its plant in the U.S. in 2014 and recently Audi confirmed that it will start building some of its models in Mexico by 2016.  Read more:

BMW Considers Building 3-Series in Mexico

Nissan Investment Boosts Mexico Sales, Export Potential

Nissan broke ground last month on its third factory Mexico, a $2 billion investment that further cements the Japanese automaker’s position as Mexico’s top brand. It’s also a bet on Mexico’s muscle as an auto export hub.  The company’s newest plant will produce 175,000 units annually once it becomes operational at the end of 2013. The new plant, located in Aguascalientes, is expected to employ 3,000 workers and generate an additional 9,000 jobs indirectly.  Read more:

Nissan Investment Boosts Mexico Sales

Tijuana Becomes a Bright Spot for Investment at Farnborough International Airshow 2012

Tijuana EDC successfully promoted the competitive advantages of the aerospace industry and investment opportunities in the city as well as established connections with aerospace consultants and company representatives. The delegation attended over 40 meetings with potential investors, international trade organizations, and aerospace companies already established in the city such as Lockheed Martin, Tyco, Parker Zodiac, Esterline and Spirit.  Read more:

Tijuana Represented at Farnborough International Airshow