Airline Industry Continues to Form in Mexico

Heroux-Devtek Inc (TSX:HRX), a Canadian manufacturer of aerospace and industrial products, announced in 2011 that it will build a new manufacturing facility in the Queretaro Aerospace Park in Mexico.
The project has received all required approvals from local authorities is expected to start production in early 2012.
The company, Heroux-Devtek, will invest up to 20 million CAD over the next three years to build a 47,200 square foot facility equipped with state-of-the-art machinery for producing aerostructure components. A future phase could see the plant expanded to 150,000 square feet, providing the company with the capability to manufacture and assemble aerostructure and landing gear systems.

In Four Years, Mexico Has Received $90 Billion USD in FDI

The State News Service reported in early 2011 that during the 29th Plenary Meeting of the Mexico-Japan Business Committee, President Felipe Calderon, accompanied by Patricia Espinosa Cantellano, Secretary of Foreign Affairs, and Francisco Javier Mayorga Castaneda, Secretary of Agriculture, said: "During my four years as president, our country has received nearly 90 billion dollars in foreign direct investment. And this has happened precisely because Mexico has or represents a great opportunity of success for firms investing in our country. Indeed, this growth of investment has also enabled us to grow and create jobs."

President Calderon also stated that, "The Mexican economy offers wonderful conditions for investment," explaining that, "This is due to Mexico's enormous advantages, such as, for example, its strategic geographical position, particularly in a global economy such as the one we have today."

The point is, he said, "That we are working to make government an effective ally of investors."

More good news for Mexico's foreign investment

From the PR Newswire, foreign direct investment (FDI) in Mexico rose to $4.8 billion in the first quarter of 2011, an increase of 10.5 percent from the same period in 2010. Get the full story from prnewsire.com.

2010 Investments in Mexico and Caribbean see an increase in returns

Several factors resulted in the increased FDI receipts in 2010, which include improved performance of developed economies and the buoyancy of certain emerging economies. These factors boosted several Latin American sectors and increased demand.

Canada sees opportunity in Mexico

According to the The Maquila Portal, Canadian businessmen are keeping a high interest in investing in Mexico. Canada’s Ambassador to Mexico, Guillermo Rishchynski pointed-out that in the last decade Canadian investment in Mexico was over US$10 billion.