Sentido Comun – Proteak One, the only Mexican forestry company listed on the Mexican Stock Exchange, announced the start of operations at its plant in medium density boards, also known as MDF, in Huimanguillo, in the state of Tabasco, after investing $200 million.
BizTimes – Strattec Security Corp. plans to build a facility in Leon, Mexico for the production of car door handles as part of an ongoing joint venture with ADAC Automotive.
SeeNews – NEXTracker has started manufacturing solar trackers in Mexico. The California-based company is using the manufacturing presence in Mexico of its new owner, electronics production services provider Flextronics.
WSJ – Mexico’s industrial production was weaker than expected in November, falling from the previous month and edging up just 0.1 percent from a year earlier, the National Statistics Institute said Monday.
Financial Times – Despite being a major oil producer, Mexico has long been held back by uncompetitively high energy prices. But salvation may be at hand, in the form of imported energy, providing a major boost to the Latin American country’s manufacturing sector.
EFE – Swiss multinational food and beverage company Nestle inaugurated a $220 million pet food factory in Silao in the central Mexican state of Guanajuato, the firm’s 15th in Mexico.
With wages rising rapidly in China, Mexico once again has become an attractive manufacturing hub—even to the Chinese.
On Oct. 27, the state-owned China Communications Construction Co. signed a preliminary agreement with Jalisco to build an industrial park that would potentially house dozens of Chinese manufacturers, Reuters reported.
The deal underscores the big shift in production costs across the two countries.
In 2000, workers in Mexico’s manufacturing sector earned nearly 60 percent more than their Chinese counterparts.
Now they earn 11 percent less.
Sentido Comun -Panasonic Ecology Systems will establish in Tijuana a new production center for ceiling fans to better serve the growing business of Ventilation of North America.
Sentido Comun – Ethan Allen Interiors, designer, manufacturer and distributor of home furnishings, will invest $15 million to build a second production facility in Silao, Guanajuato.
Reuters – Mexican industrial output unexpectedly rose in July, helped by rising oil production and stronger construction, but factory output shrank, official data showed on Friday.
El Economista – Of the candidates for maquiladora jobs requiring technical work, 71 percent have educational or physical health deficiencies, a survey revealed. The results, covering surveys in 250 factories, showed that 42 percent cannot read, write or handle mathematical or have the ability to follow directions.
CNBC – A number of factors influenced Mexico’s slow but steady rise as a manufacturing hub for multinational corporations, including NAFTA, other trade agreements, cheap labor costs and proximity to the United States. But observers point to another recent development that they see accelerating investment in Mexico and boosting economic productivity: Electricity is getting cheaper.
Reuters – Mexican industrial output rose in June, bouncing back from a steep drop in the previous month as manufacturing, construction and oil production picked up, official data showed on Tuesday.
Industry Week – Mexico’s factories continue to expand and the country is expected to be the manufacturing growth leader in Latin America through 2016, according to a MAPI Foundation report.
Business Journals – Caterpillar plans to move its vocational truck manufacturing operations from Escobedo, Nuevo Leon, to a plant in Victoria, Texas. Caterpillar opened the Victoria plant in 2012 and produces hydraulic excavators there. Now, it will expand the plant to design and manufacture vocational truck products.
Tire Business – Goodyear broke ground July 28 for the first plant it will build in the Americas in a quarter of a century. The 1 million-plus-sq.-ft. plant, representing an investment of up to $550 million, will be built on the southern edge of San Luis Potosí.
El Paso Times – Ciudad Juarez has become the largest producer of solar panels in Mexico and Latin America. The panels are exported to the United States and other countries in South America and Europe for residential, utility and commercial photovoltaic projects.
Reuters – Mexico’s factory-made exports rose in June, bouncing back from a sharp drop a month earlier, while more consumer imports pointed to improving demand in Latin America’s No. 2 economy.
Tire Business – Pirelli Neumaticos. has passed a production milestone — the 5 millionth unit produced ahead of schedule at its plant in Silao, Mexico, just three years after production began.
Reuters – Mexico unveiled news measures to protect its struggling steel industry on Wednesday as slack global demand, oversupply from China and cheap imports from Russia have hammered steelmakers in Latin America’s second largest economy.