Amistad Industrial Park Spurs Honda's Industrial Development in Mexico

Governor Juan Manuel Oliva inaugurated the Amistad Industrial Park in Celaya, Mexico last Oct. 12. This new industrial park, which represents a MXP$222.1 million investment in just the first stage, is expected to start operating in February 2012. According to estimates for the next 4 years, 30 companies will set up shop there, generating 2,000 jobs immediately and due to generate 5,000 direct jobs and 6,000 indirect jobs in the future.

According to the Minister of Economic Development, Ramon Alfaro Gomez, there are 10 companies interested in investing and establishing at Amistad Industrial Park, including Japanese Car maker, Honda.

Honda Plans 50 Millon Dollar Expansion in U.S.

Honda Motor Co. will invest $50 million its Logan County transmission plant in Ohio. The company announced this past Wednesday that it plans to add a 75,0000-square-foot expansion in Russells Point to increase capacity for the casting of aluminum transmission cases. When the project is complete, Honda's Transmission operations will encompass 1 million square feet. Honda officials said the expansion will create more than 100 jobs by 2013. Currently, the transmission plant has more than 1,000 employees.

Mexico Annual Inflation Slows in September

Mexico inflation climbed less than expected in the first half of September, allowing Banxico to lower borrowing rates. Compared with the 0.36 percent rise that analysts expected, the consumer price index was 0.15 percent lower than expected. The annual inflation rate slowed to 3.16 percent through the first half of September.