Ruiz de Teresa announces US$4.296 billion investment in ports Guillermo Ruiz de Teresa, General Coordinator of Ports and Merchant Marine, announced an investment for US$4.296 billion to develop the maritime sector in a strategic plan focused on issues such as developing international class ports, guaranteeing legal certainty to integral ports administrations, making logistics chains more efficient and improving ports connectivity.

Mr. Ruiz de Teresa added that other essential aspects to be developed are establishing fiscal yards that provide goods with value added, expand quality brand and paperless programs at ports to simplify their operational management, fostering the development of Merchant Marine and promote cruise-ship tourism.

US$200 million wanted in aeronautic investment Governors Jose Calzada Rovirosa, from Querétaro, and Guillermo Padres Elias, from Sonora, are in Paris to participate in the world’s leading aerospace event, Paris Air Show, to bring more than US$200 million investment to their corresponding states.

“We have seven projects here, amounting to US$150 million, essentially from the aeronautic sector, which I think could be consolidated in this visit”, Calzada Rovirosa declared in a press conference at the 50th International Paris Show in Le Bourget.

The Governor of Queretaro, a state where one out of every five aeronautic companies in Mexico are established, said that within the next three days they will hold 15 meetings to reach an agreement on their investments.

“We are not going to slow down our pace”, Calzada Rovirosa said during the inauguration of the most important Aerospace Tradeshow in the world, where ProMexico installed a stand with around twenty Mexican companies from the sector.

At the same press conference, chaired by Francisco Gonzalez Diaz, new General Director for ProMexico, Guillermo Padres Elias, State of Sonora Governor, announced that his state aspires to attract US$60 million in investment at the tradeshow.

“We must keep some information to ourselves, but there is progress. There are investment projects for US$60 million ahead, which we know we can make them come true”, the Governor of Sonora said about his expectations from the meeting.

“We are going to meet with very important companies from the sector, which we want to invite and show them our state”, he said.

4% of Gross Domestic Product (GDP) comes from the Aerospace Sector, in addition to being a strong sector for the State, so they want to promote it, according to Padres Elias, who pointed-out that they will hold meetings with executives from the European Airbus and the Canadian Bombardier, two of the largest companies in the field, among others.

Cesar Duarte, Governor of Chihuahua, will join the Governors of Queretaro and Sonora this afternoon, sources informed.

Representatives from the states of Baja California, Nuevo Leon and Yucatan are also participating in the Tradeshow and started last Monday negotiations to attract millionaire investments to their states.

“This is the largest event in the aeronautic world, our presence here is of the utmost importance, this is the time and place to negotiate, they are looking for companies to invest”, Gonzalez Diaz said about the Paris Tradeshow.

Nissan starts producing Note model During the event to present the new model, Jose Luis Valls, President and CEO, Nissan Mexicana, said that 20,000 vehicles will be assembled in the first stage, of which 80% will be exported to North America and South America, except Brazil and Argentina, as well as to other markets.

“We are exporting to 20 countries in the Region. In Latin America we have almost 40 markets. Brazil is planned for a second stage, it is not covered in the first stage, and neither is Argentina”, Valls said.

“Production of this vehicle could reach 80,000 units, but it will gradually evolve”, he added.

Note will be available with Nissan dealerships network starting on June 13th.

The vehicle was built on Nissan’s V Platform, where March, Versa and Tiida models are manufactured.

“The suppliers that are helping us in Note production are those who joined us in the US$1.050 billion investment we made between 2009 and 2011. The new suppliers will supply Aguascalientes II Plant”, Valls said.

IEnova will invest US$1.5 billion IENOVA, the first Mexican company devoted to energy infrastructure listed in the Mexican Stock Exchange (BMV) will invest US$1.5 billion within the next three years.
The investment will focus on three projects, a gas pipeline coming from Arizona and crossing Sonora; an Aeolian Park at La Rumorosa, which energy will be exported to California; and, in a joint-venture with Pemex, they will build two pipelines, one for ethane at Tabasco and another one for natural gas that will cross Tamaulipas and Nuevo Leon.
“This is a Mexican company that has invested US$2.5 billion,” said Debra L. Reed, CEO, Sempra Energy, IEnova’s main stockholder, at the ceremony for the symbolic placement of shares in BMV. IEnova was listed in mid March and since then the shares have appraised 43.49%. The Company’s main business lines are gas storage, transportation and distribution.
Tania Ortiz Mena, Vice-president, IEnova Foreign Affairs, said that even without an energy reform in Mexico, opportunities to invest in infrastructure are very important, because there is the opportunity to take advantage of low gas prices “to gasify the country and provide impulse to economy”.
IEnova has been a significant player in the process through which the United States will turn from being a net energy importer to exporter in a few years, by taking advantage of new technologies to produce gas and crude oil from deposits that could not be exploited before.

Naval industry reactivation may generate 68,000 jobs Mazatlan, Sinaloa.- The renovation of the fishing fleet may generate 68,450 jobs within the next 10 years, with an economic contribution of US$821 million, according to Mario Uribe Fenollosa, Chairman of the National Chamber of Processing Industry, Camara Nacional de la Industria de Tranformacion (Canacintra) Mazatlan Chapter.