Foreign Investment in Mexico on the Rise

Foreign Investment is on the rise in Mexico. This article, posted today, notes that an increase in manufacturing rates is assisting the growth of the Mexican economy as a whole over the past year.

In 2010, Mexican manufacturing rates increased to 2.261 million vehicles, a staggering 50% increase from 2009. Mazda is the greatest example of increased foreign investment in manufacturing, who recently announced a $500 million investment in a new plant in Guanajuato, Mexico. On top of the startling quantity of automobile companies looking to expand operations to Mexico, the rapid growth of the aircraft and steel industries also play a crucial role in increased manufacturing rates. Click here to find out what top companies are spurring foreign investment in Mexico.

Source: www.mexicotoday.org

Mazda Motor to Open Plants in Mexico Through Joint Venture

Mazda Motor has formed a joint venture company with Japanese trading company Sumitomo. They've made an investment of $500 million dollars to set up a factory in Mexico for the production of the Mazda2 and Mazda3 compact cars, as well as engines. The Japanese trading company and Mazda are trying to take advantage of the growing Central and South American economy. They will also be expanding into Brazil for the same reasons.

The plant is going to be built in Salamanca city, Guanajuato state, just north of Mexico City and is expected to start operations in the fiscal year 2013 (April 2013 to March 2014). The factory will produce 140,000 vehicles per year primarily for Central and South America.

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