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  • Assemblers want more local supplies
  • Aeromexico incorporates three Embraer airplanes to their fleet
  • Foxconn subsidiary is Mexico’s second exporter
  • Holcim invests MXP$700 million to renew itself
  • Bosch invests US$150 million in Mexico
  • Nestlé expands coffee factory in Toluca
  • Foreign Direct Investment up 14% in Mexico
  • Volvo will sell a new Mack truck in Mexico
  • Transregio investing US$28 million
  • Land for assembly plant wanted
  • Nissan and General Motors will produce a cargo vehicle in Mexico
  • Another Japanese supplier arrives to Silao
  • Mexico perceived as the new Detroit
  • Corvette “nervous system” will be made in Ciudad Juarez
  • Lazaro Cardenas Port will receive US$10 billion investment within five years
  • Altamira Port will receive US$117 million from private investment in 2013
  • Anipac budgets investments for US$3.5 billion
  • Steel boom thanks to assemblers
  • British show interest in Mexico
  • Vitro, ready to grow again

    • Automotive sectors pushes exports up again

    Mexico City.- Last April Mexican exports added to US$31.042 billion, pushed up by the automotive sector, which helped reach 11.6% year-to-year increase, according to the Mexican Statistics Agency, Instituto Nacional de Estadistica y Geografia (INEGI). Automobiles sales abroad posted 19.6% year-to-year increase, after totaling US$7.396 billion. Imports also went up 12.1% and reached US$30.482 billion; therefore; Mexico had a surplus of US$560 million. The previous month, March, Mexican exports went up 3.4% only, the lowest increase in 29 months, amidst global deceleration of international trade. Economic groups interviewed by Banco de Mexico forecast that the value of non-petroleum exports will go up 10.8% in 2012, petroleum exports will do 6.1% and goods imports are expected to grow 10.5%.
    Source: El Economista | Date: 30/05/2012