Manufacturing in Mexico – Industry News

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Planning a Mexican Renewable Manufacturing Hub to Rival China

The Silicon Border industrial park has signed up with global property giant Jones Lang LaSalle to attract renewable-energy companies to its site in Mexico, close to the US border. Basic infrastructure for the project was completed in 2010, but the global economic downturn stunted efforts to bring in tenants-renewables manufacturers, as well as aerospace and automotive factories.  Read more:

Renewable Manufacturing Hub to Rival China

Following the Big Boys to Mexico

Mexico’s aircraft manufacturing has become one of the country’s biggest growth areas. This is partially attributed to Mexico’s proximity to the United States and Canada, which together represent 60% of the global commercial aircraft market, according to the local Aerospace Industry Association (Femia). For some smaller manufacturers, following the larger companies and building OEM relationships might be the more successful entry strategy.  Read more:

Following the Big Boys to Mexico

Mexico to Limit Brazil Vehicle Exports Under Three-Year Pact

Mexico agreed to quotas on its vehicle sales to Brazil over the next three years, a move that will reverse a surge in Mexican auto exports to Latin America’s largest economy.  Mexican car exports will be capped at $1.45 billion over the year starting March 19 and will be allowed to rise to $1.64 billion by the third year of the agreement, Mexican Economy Minister Bruno Ferrari said yesterday during an event in Mexico City.  Read more:

Mexico to Limit Brazil Vehicle Exports Under Three-Year Pact

MEXICO: Out of the Shadows

Mexico’s economy is looking not only solid but even healthy. Growth last year reached a respectable 3.9%, and is on track for a similar performance this year. “The moment has come to change our perception of Mexico.  The reality is that many macro figures place Mexico in a better place than the US,” stated Richard Fisher, CEO of the Federal Reserve Bank of Dallas and part of the Federal Open Market Committee (the Fed’s principal monetary policymaking group)  Read more:

Mexico: Out of the Shadows

Mexico Industrial Output Rises at Fastest Pace Since May

Mexico’s industrial production rose at the fastest annual pace in eight months in January, beating all 16 forecasts in a Bloomberg survey of economists. Output climbed 4.2 percent from the year earlier and 0.8 percent from December, the national statistics agency said on its website today. Production was expected to decline 0.1 percent in the month, according to the median estimate of nine economists surveyed by Bloomberg.  Read more:

Mexico Industrial Output Rises

What to Consider When Nearshoring in Mexico

While companies continue to locate and expand in Mexico, there are a number of factors that must be taken into account when making the decision to set up shop; labor issues, supply chain, infrastructure, workforce and intellectual property protection.  Read more:

What to Consider when Nearshoring in Mexico

Mexico: Auto Production Up 24 percent in February

Mexico’s automobile production rose 24.1 percent to 242,317 units in February from the year-earlier period the Mexican Automobile Industry Association, or AMIA, announced Tuesday.  Read more:

Mexico Auto Production up 24% in February

Nearshoring Fuels Mexican Manufacturing Growth

The United States’ southern neighbor offers transportation distances a fraction of those from Asia, a labor force a good deal cheaper than domestic workers, and a country causing fewer headaches about intellectual property and other trade concerns.  Read more:

Nearshoring Fuels Mexican Manufacturing Growth

China’s Wage Hikes Could Benefit Americas

Good news for Latin America: wages in China, Vietnam and other Asian countries are rising faster than expected, leading growing numbers of multinational firms to move their manufacturing plants to Mexico and other countries closer to the U.S. market.  And the trend is likely to continue beyond 2015. A growing appreciation of the Chinese currency, higher education standards and a declining workforce will drive Chinese salaries up for decades to come, economists say.  Read more:

China’s Wage Hikes Could Benefit Americas

Mexican Rail Freight Volumes Reach Record Levels

Mexico’s railway network carried a record 108 million tons of freight in 2011, of which 6.9 million tons was intermodal traffic. Rail had a 26% modal share of the freight market, with volumes increasing 3.7% from the 104 million tons transported in 2010, well above projections for a 3% increase during the year. Read more:

Mexican Rail Freight Volumes Reach Record Levels