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  • The Tecma Group of Companies’ entities gain certification for Mexican VAT tax exemption
  • Alfa will invest US$700 million in Altamira electric plant in 2015
  • Eosol Energy will increase investments
  • Mexico manufactures 85% of pieces for the aerospace sector
  • Rassini grows capacity by 40% at their Puebla plant
  • Condumex plant inaugurated in Guanajuato
  • Aeronautics lab inaugurated in Queretaro
  • GM buys US$14 billion from suppliers established in Mexico
  • Astronaut Hernandez suggests more aerospace investment in Mexico
  • Building three hydroelectric plants, among CFE’s plans
  • Prologis in analyzing new investments
  • The Governor of Jalisco is going to Asia for more investments
  • Aerospace will open an MRO workshop in Chihuahua City
  • Exports increased by up to 300% in Queretaro Intercontinental Airport
  • DHL Express expands Hub in Queretaro with US$14.5 million
  • Automotive sector provides impulse to 3M
  • The Governor of Queretaro heads the Mexican Manufacturing Association Meeting
  • Queretaro opens to Chinese investment
  • Investment will grow in the electric sector
  • Oil companies from Houston want to establish in Monterrey
  • Auto parts maquilas recover ground here

    Ciudad Juarez, Chihuahua.- Thanks to the growth in automobiles sales in the USA, the previously depressed auto parts industry in Juarez is posting a 45% increase in the number of workers. Yesterday, automotive companies presented data regarding automobiles sales in the United States in January and February, showing a 13% increase. Such increase extends over two years in a row of growth after a deep crisis in the automotive sector, which affected maquiladora industry in Ciudad Juarez. In the last 32 months, auto parts industry has recovered 8,821 of the 22,067 jobs lost to the crisis, i.e. a little over one third. According to data from the Mexican Social Security, Instituto Mexicano del Seguro Social (IMSS), in October 2007 auto parts industry employed 41,634 people in Juarez; however, due to the mortgage crisis in the USA automobiles sales collapsed, which seriously affected maquiladoras installed in Juarez.
    Source: El Diario | Date: 05/03/2012