J.J. Churchill and The Offshore Group Set Up New Aerospace Parts Manufacturing Location in Mexico

The US-Based Company, Offshore Group, recently entered into an agreement with J.J. Churchill, the UK stationed aerospace parts supplier, for manufacturing services in Mexico. The two companies have signed an agreement in the construction of new gas turbine components. J.J. Churchill is anticipated to set up 38,500 square feet of work space on The Offshore Group’s Roca Fuerte Industrial Park in Guaymas, Sonora, Mexico. J.J. Churchill hopes to employ a number of individuals to work on the manufacturing location in Mexico. For more Business news on Mexico go to MexicoToday.Org.

AUDI Wants North American Plant - Probably in Mexico

According to Inside Line Magazine, Audi CEO Rupert Stadler wants to build cars in North America and hints he may now be looking at Mexico, rather than the U.S. In another interview with Automotive News, he was recorded saying, "It is totally clear that we need new production capacity in the U.S. The question only is when."

Mexico, due to its lower manufacturing costs, high-quality engineering and close proximity to the U.S. and Canada, is a top contender for many automobile manufacturers including Honda, Nissan, Toyota, Fiat and Volkswagen, among others, and has been greatly expanding over the past few years.

PepsiCo Opens New Beverage Company in Mexico

This July, it was announced that PepsiCo was initiating a new merger with the Mexican bottling company, Grupo Embotelladoras Unidas. Still pending approval from the Federal Competition Commission of Mexico, the two companies will complete discussions about the merger by late September 2011. After the formation of a strong partnership and the new beverage company in Mexico, GEUPEC will hold a majority interest in the joint venture...

America Movil Deals with Regulation and Lower Rates

Yesterday it was announced that concerns over regulations for America Movil are going to be shadowed by lower rates.

America Movil's (AMX.N) (AMXL.MX) Mexico earnings before interest, tax, depreciation and amortization margins dropped 330 basis points to 50.5 percent in the quarter ended in June from a year earlier.

Heinz to Invest US$6 Million in Mexico

Via Maquilaportal.com
With a plant in Guadalajara, Jalisco, and corporate offices in Mexico City, Heinz Mexico estimates to close 2011 with invoicing for US$60 million, including exports. The Company plans investments for US$6 million in the next two years to produce in Mexico its flag-product, tomato ketchup.

New Bombardier Jet Manufactured in Mexico

There is news that the innovative, ultra-modern jet made by the aviation company Bombardier, which 5 years ago invested heavily to build it's first manufacturing plant in Mexico, is ready to assemble its new executive jet, expected to start flying in 2013.

The Canadian company, Bombardier, creator of the 8-passenger Learjet85, has invested US$250 million in Mexico since 2008. Click here to read more about this advancement in the Mexican aerospace industry.

Mexico Outdoes Canada in Automobile Production

Latest news from maquilaportal.com has says that Mexico has outdone Canada in terms of production of automobiles and light trucks, in between 2008 and 2010. Last year 2,262,164 units were assembled, a number that is higher than Canada’s production total. "This year, if the shadow of the recession in the USA does not affect original plans, the record could be broken, mainly with expansion plans by Nissan, GM, VW and Chrysler."

Mexico’s Marcatel Acquires 50% of STX Communications

The largest distributor of phone cards in U.S., STX Communications, sold 50 percent of its stocks to Marcatel SA, a closely held Mexican telecommunications company, the company said today in an e-mail statement made by PRNewswire. Through STX Communications, Marcatel aims to strengthen its business structure.

Mexico Investment Summit 2012

Check out this great link on the Mexico Investment Summit, taking place in January of 2012. This conference is the only international conference focused on Mexico to bring together senior decision makers from the entire investment and development community.

Latin America to Feel Effects of Greek Crisis, Too

Mexico’s economy is more open than Brazil’s, so its foreign exchange market is more susceptible to rapid changes in the global risk environment, says this article in Forbes magazine.

Read more here about how the Greek crisis will affect the Latin American and Mexican economy.

Latin American Economy Running Smoothly

As this story reports, there is a very positive outlook for the economy in Latin American, as well as for Mexico. For starters, Costa Rica has been nicknamed “the Silicon Valley of Latin America.” The middle class in Latin America is not only growing at a rapid pace but is very young compared to the rest of the developed world - concentrated in the 12 to 35 age range - meaning they will continue to be a strong force for years to come. Also, women are becoming more empowered and governments are investing in security, knowing that, as President Uribe puts it; “If foreign investors do not feel safe, they will not invest.”

Click here to read more about how structural and social changes in Latin America will create the ideal environment for a healthy Mexican economy.

Mexico Industrial Output Up in May

Mexico industrial production in May rose more than expected, after three months of declines, just as an expansion in the factory sector rose for the second-largest economy in Latin America.

The national statistics agency said on Tuesday that industrial production grew by 1.1 percent in May from April MXIP=ECI.

On one hand, the manufacturing sector expanded in May for its second-straight month, growing by 1 percent as local factories increased production to meet increased consumer demand north of the border.

Read more about what exports were in most demand and what three manufacturing sectors recorded the highest gains in May.

Grupo Mexico Looking to Invest in Peru Copper Mine

In particular, reports from Mexico indicate that Grupo Mexico is aiming to revive the $1bn Tía María project of its Southern Copper Corporation that was put on hold in April of last year by the current Peruvian government.

Grupo Mexico, is one of the world’s leading copper producers. It leads operations in the United States and Peru as well as in its home country, and reports have indicated that Grupo Mexico is striving to bring its $1bn Tía María project in Peru back to life. The project includes the construction of a desalination plant, that will be purposed to provide water for Tía María from the coast by means of a 20-mil aqueduct.

The project was stopped last April by the current Peruvian government but is expected to initiate once again with the expected change of elected leaders.

Click here to read more about the project and Mexico's current fdi projects.

Mexico Becoming Go-To Country for Export Manufacturing Sector

“Mexico is becoming more attractive for manufacturing, particularly that aimed at the US market.”

Mexico has been overlooked, without cause, for the past, oh, let's say ten years or so.
China has been the main cause of that, exporting cheap goods along with the idea that it's the only country in the world where companies can find the best ratio of production capacity and cheap labor.

A research note from RBC Capital Markets released this Tuesday reclaims Mexico's right to a larger part of the market share of U.S. imports. Mexico is an obvious first choice for many importers, due to its geographic advantage over China. Aside from this, in recent months, wage inflation in China and wage stagnation in Mexico have combined to make labor prices in these countries virtually equal.

Click here to read the rest of the story on the switch to Mexico for export manufacturers.