SuKarne, a subsidiary of Grupo Viz, plans to invest $110 million to establish the largest beef production and processing complex in Durango, Mexico, as a part of its plan to strengthen its presence in the country. …
The creation of a new Technological Innovation Park in Esperanza, Puebla has recently been announced by Baltic Group, a company which invests in trade, biofuels, infrastructure and construction, among other industrial sectors. With an investment of 145 million dollars, the state-of-the-art… technology park, focused on innovation, will generate nearly 400 direct jobs and 3,500 indirect jobs.
While a number of U.S. companies host their manufacturing operations in China, Mexico is becoming a more desirable location for the production of goods. In fact, shipping containers entering the Los Angeles and Long Beach ports (with cargo largely from Asia) declined by 0.2 percent last year,… whereas trains and trucks carried 8.7 percent more freight across the Mexico-U.S. border in the first eleven months of 2011, compared to 2010.
Jorge Lopez, Regional Director for ProMexico North America, describes the rising middle class in Mexico and the increase in quality of life for the general population in the country.
In an interview with MexicoToday, the Regional Director for ProMexico North America, Jorge Lopez, talks about the Creative Services industry in Mexico and what types of companies he envisions succeeding in the near future.
The economy of Mexico continues to grow. Mexico recorded $19.4 billion in foreign direct investment in 2011, which is an increase of 9.7 percent from $17.7 billion in 2010, the country’s Ministry of the Economy said Feb. 20.
Regional Director for ProMexico, Jorge Lopez, discusses factors that make Mexico very competitive in the automobile industry as well as the attractiveness of investing in Mexico's auto industry. He mentions that it's no surprise that Mexico ranks among the top 10 auto producers and exporters in the… world. There have been a slew of top automakers investing in Mexico, for example Nissan recently invested US $1.9 billion in the industry.
The aerospace industry has a long history in Mexico. As ProMexico's Regional Director for North America, Jorge Lopez describes, after the NAFTA Free Trade Agreement, Mexico became a hub for aerospace science in the region. Well-known for its aerospace components and aerospace engineering, Mexico has… established itself as a leader for new business opportunities in the industry within North America and around the world.
The North American Free Trade Agreement (NAFTA) was implemented on January 1, 1994 in hope of removing many barriers of trade and investment between Mexico, Canada, and the United States. The NAFTA agreement, in its creation, was expected to create positive trade relationships between the three countries while making sure they… adhere to certain economic rules and regulations. The establishment of NAFTA has had many positive effects on the market economy of Mexico, its diplomatic relations with other countries, and the standards of living in Mexico. In addition, millions of jobs have been created in Mexico as a result of the implementation of the NAFTA agreement 18 years ago.
Volkswagen Group, the world renowned German automobile manufacturing company, has recently opened a new center in Puebla, Mexico, the second largest city in Mexico. Volkswagen now owns the Lamborghini, the Audi, the Bentley, and the Bugatti. The new Volkswagen center is called the Volkswagen Group Sales & Service… Academy. Volkswagen has invested $6.7 million in the latest Volkswagen center in Mexico that will act as a training facility for the company. The new Volkswagen Group Sales & Service Academy Puebla training center will provide instructional services to Volkswagen staff, including managers and technicians.
Comstock Metals Ltd. declared that it has started the first phase of a drilling program on its Corona Gold-Silver Project located in the Uruachic District of Chihuahua, Mexico. …
The Japanese automotive manufacturer of Yorozu plans to invest MXP$900 million (around US$70 million) to build a new plant at the State of… Guanajuato, in central Mexico.
High demand for sorghum production has proven to be a positive phenomenon for Mexico. Mexico purchases around 78 million bushels of sorghum from the United States each year, usually in the Rio Grande Valley area. The manager of International Operations for the U.S. Grains Council, Kevin Roepke stated,… “Mexico is the predominant price driver for U.S. sorghum.” He went on to say, “In any given year, Mexico alone accounts for roughly 25 percent to 30 percent of U.S. sorghum exports.”
HELLA, the German automotive part supplier plans to break ground on a new 215,000-square-foot facility to produce automotive headlamps and rear lighting systems in Irapuato, Mexico, later this spring. …
Mexico announced Coca-Cola Co.’s investment of over US$1 billion after meeting recently with Coca-Cola chief executive Muhtar Kent in Davos, Switzerland. Mr. Kent stated the investment is part of a five-year plan in which the company expects to invest a total of US$5 billion in Mexico. …