A new Hyundai plant may be installed in Nuevo Leon
Nuevo Leon may be the destination for a new Hyundai Plant in Mexico, after a trip made by the State Governor, Rodrigo Medina, to South Korea, where he met with Chung Mong-Koo, Chairman of the Board, Hyundai Motor Group and Hyoung-Keun Lee, CEO, KIA Motors.
Hyundai is considering the possibility of installing a plant at Pesqueria Municipality, near the Ternium Plant, which manufactures high-end steel for the automotive industry.
Regarding his trip to South Korea, Governor Rodrigo Medina said that the trip was part of a “negotiating process to materialize investments in Nuevo Leon”.
Aeromexico and Mexico City Government inaugurate the first ‘CDMX’ airplane to promote tourism
Aeromexico inaugurated today, together with Mexico City Government, the first “CDMX City Brand” airplane, which purpose is promoting Mexico City as a tourism destination both in Mexico and abroad, Aeromexico informed.
At the event, attended by Miguel Angel Mancera, Head of Government for the Federal District, it was explained that the project arises from the Mixed Fund for Tourism Promotion in a strategic alliance with Aeromexico.
The plane will visit cities such as Monterrey, Cancun, Vallarta, Los Cabos, Merida, Guadalajara, Washington, San Francisco, Los Angeles, Las Vegas, Miami, Chicago, Houston, Atlanta, Montreal, Quito, Bogota, Lima and Caracas, among others.
Jalisco attracts German investment in the automotive and aerospace industries
With the purpose of strengthening bilateral exchange and economic cooperation, the Ministry of Innovation, Science and Technology for the State of Jalisco, Mexico, and the Baden-Württemberg International ?Agency for International Economic and Scientific Cooperation (Germany) signed last Friday a letter of intent. The goal is also supporting the development of technology-based companies, especially those in the automotive and aerospace fields.
Both governments are committed to support alliances between the institutions at their respective states, leading to exchange based on the value of knowledge about sustainable economic development, business-oriented (dual) education, as well as research and innovation strategies.
Ingo Rust, State Secretary in the Ministry of Finance and Economic Affairs, pointed-out that in addition to Jalisco’s geographical location, another reason why German companies are deciding to invest at the State is its research projects.
“We have observed that the government here acknowledges the importance of developing the three requirements demanded by German companies, namely research and design, as well as dual education, aspects which the Jalisco Government has taken into consideration”, he said.
Kostal Group will build a second plant
With an investment amounting to US$38.3 million, the German corporation Kostal Group will expand their activities, with the construction of their second plant in Queretaro.
Walter Maisel, CEO, Kostal North America, spoke about the corporation’s activities in Queretaro for the last 30 years, which are consolidated by this new project.
The new plant covers 7 hectares, located in Queretaro Industrial Park, and will generate between 250 and 300 jobs; with this, the German company is expecting to reach 2,000 jobs by 2015.
According to Mr. Maisel, the processes to be performed in these facilities include plastics injection and special paint for automotive components.
The Minister of the Economy inaugurated 2 new plants in Bafar Complex
The business trip to Chihuahua by Ildefonso Guajardo, Minister of the Economy, started at 10:00 a.m. when he held a meeting with the Business Coordinating Council, Consejo Coordinador Empresarial, Ciudad Juarez Chapter.
He later inaugurated Bafar’s bakery, a plant where US$35 million were invested, as informed by Eugenio Baeza Fares, the company’s owner.
With this new plant, where 1 ton of food will be produced per month, Bafar’s labor force will reach 12,000 people.
Minister Guajardo will later travel to Parral, where he has scheduled some other activities.