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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
  • US Dollar climbs to MXP$13.99/US$1, which may hit standard of living

    Ciudad Juarez, Chihuahua.- The increase in the Mexican Peso/US Dollar rate of exchange, which yesterday reached MXP$13.99/US$1 at banks, will cause a drop in the standard of living, because prices will keep going up while employment remains stagnated. Miguel Angel Calderon Rodriguez said that the effects of this 9.3% depreciation of Mexican Peso will affect people in Ciudad Juarez, because more than 60% of products consumed here are imported and that means a blow to everybody’s pockets. He reminded that right now employment is under a slow recovery stage and that there is a deficit of 50,000+ jobs when compared to 2007, when a peak was reached. He explained that unlike what happened in other crises, this time an expensive US Dollar will not help bring investments to Ciudad Juarez, because there is much uncertainty on consumption in the United States.
    Source: El Diario | Date: 21/05/2012