MoneyWeek Deems Mexican Economy ‘One of the Best Places to Invest’

This may surprise you, but Mexico is one of the best places to invest around the world. In the recent years, Mexico’s economy has grown into a huge export power with manufacturing accounting for over 24 percent of its GDP. Mexico also has a large and growing work force that is more highly educated than that of China, making Mexican goods even more competitive. For more on Mexican Economy go to MexicoToday.Org.

Preferred Compounding Opens Mexico Operations in San Luis Potosi

The company Preferred Compounding of Ohio will be expanding south following the recent acquisition of JevsaMex, the Mexican compounding operation owned by Spanish company, Iacp Jevsa. "For several years we've heard from our U.S.-based customers that they want us to fill their needs for high-quality custom compounds in Mexico," said Preferred Compounding Chief Executive Officer Ken Bloom. "The central location of this established mixing operation between Mexico City, Guadalajara and Monterrey provides an excellent platform for doing so." For more Economy and Business news on Mexico go to MexicoToday.Org.

ECD Announces Automotive Trade Mission to Mexico City

As part of the Tennessee Department of Economic and Community Development’s (ECD) TNTrade initiative, participants, including two Chattanooga companies, will be part of a trade mission to Mexico City July 17-20 focusing in on the automotive industry. TNTrade is a statewide initiative to make Tennessee the number one state in the Southeast for high quality jobs. For more Economy and Business news on Mexico go to MexicoToday.Org.

Almaden reports expansion of Mexico’s silver-gold-lead-zinc project

Almaden President/CEO Morgan Poliquin reports positively on the Tuligtic gold-silver project in Puebla State, Mexico. After the discovery of the gold-silver vein system in August of 2010, continued investigation shows a completely different orientation. Multiple zones and broad areas of calcite-quartz veining contained portions of high grade gold and silver mineralization. The corporate goal for 2012 is to produce a resource on the three zones already known and start preliminary drilling on some of the other areas of surface results. For more Economy and Business news on Mexico go to MexicoToday.Org.

Austria’s Engel riding auto sector growth in Mexico

Austrian injection molding machine supplier Engel Holding GmbH reported sales figures were considerably higher in 2012 than in 2011. In 2011, Engel did business in Mexico worth approximately $24.5 million. 60 percent of this business is with the automotive industry, an area in which the company specializes. In the first six months of 2012, auto makers produced an additional 1.41 million light vehicles, 1.25 million more than in the first half of 2011. For more Business news on Mexico go to MexicoToday.Org.

Mexico’s auto output jumped 14 percent in June

The automobile sector in Mexico has started to see significant success, as June 2012 brought record figures for the month of June in any year. According to the Mexican Automobile Industry Association (AMIA), this June saw a 14% increase in production to a record 268,388 vehicles and exports saw a 22% increase from last June. In the first six months of the year, 1.42 million vehicles were produced (13% increase) and 1.17 million were exported (15% increase). For more Economy and Business news on Mexico go to MexicoToday.Org.

New Web Site Shares News on Mexico's Growing Economy

As part of an initiative to share news and current events in Mexico, yesterday Marca País – Imagen de México launched the www.MexicoToday.org web site. Mexico Today will be offering the latest news on tourism, culture, economy, and the environment, among other topics. Invest in Mexico will be partnering in the site in order to bring you the latest on investment and financial news, as well as insight into business opportunities in Mexico. Take a look here.

Mexico City Reduces Green House Gas Emissions by the Millions

Mexico City is making improvements in leaps and bounds, with its Green Plan, implemented in 2008, aiming to make Mexico City a sustainable city in the next 15 years. Not only has the plan already reduced GHG by 5.7 million metric tons, but is the basis for making investments in transportation, energy and water conservation, solid waste management, and air quality, among other initiatives.

"Over the past four years, we have made significant progress toward becoming one of the world's most sustainable cities by promoting environmental stewardship not only in our government operations but also by encouraging widespread business and citizen participation," said Marcelo Ebrard, Mexico City's current mayor.

Mexico's First Humanoid Robot

Did you know that Mexico is now the creator of a world-class humanoid robot? The Mexican robot named MexOne is the most advanced robot of its type in Latin America, according to its creators, with functions similar or superior to those built by Japanese, American, and European companies.

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 Bonds Market Update: July 14th, 2011

As it says in this article, "you don't necessarily need the world’s biggest interest rates to attract a lot of capital". It turns out that Brazil, while the obvious choice, isn't the only high-earning carry trade. Peru, Colombia and Mexico are all well worth the while.

Look further north, to Mexico. Low interest rates, hardly any currency appreciation – yet investors have been flooding there much as they have to Brazil (see chart supplied by RBS based on data from the Mexican central bank).

“Mexican 10 year bonds trade at 400 basis points over US Treasuries,” Morden says. “There’s no mark to market gain or forex gain. This is pure carry. It’s a statement of the still abundant global liquidity and the limited access to carry.”

Read the rest of the story to see why these countries are another successful choice for investors.

Mexico Credit Update - July 14th, 2011 -

It was reported yesterday that investor interest in Mexican government bills is jumping from a 16-month low due to speculation that a rebound in the U.S. economy will cause a rise in the peso.

The central bank said on its website that Cetes, as the 91-day securities are known, drew bids of 24.6 billion pesos ($2.1 billion), or 3.8 times the 6.5 billion pesos offered in yesterday’s auction.
Read more about how this insight could change your investment decisions.

Auto Industry Telling of U.S.-Mexico Trade and Economy Relations

When speculating on trade relations between the U.S. and Mexico, it's easy to refer to a variety of resources for an estimate on which is the biggest trade product. As this Houston article mentions, "Anyone wondering which industrial sector is the most important in U.S.-Mexico border trade only has to see what the double-stacked freight cars [...]."

This large amount of trade across borders is indicative of the health of cross-border trade between the U.S. and Mexico.

In the words of Keith Patridge, the McAllen Economic Development Corp. President,"We lost a few factories that did not survive the U.S. recession, operations that were purchased or merged. But Reynosa last year added 4,000 jobs, even with the violence, at maquiladoras in all categories."

Read about what other business leaders had to say about the increase in foreign investment in Mexico.