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  • Volvo and Scania analyzing investing in Durango
  • Cisco will strengthen investment in domestic manufacturing
  • Artecola kicks-off operations in Leon, Guanajuato
  • Chinese companies will invest in Mexico
  • Thirty Mexican companies are interested on bidding for the construction of NAICM
  • Gulfstream presents a new family of aircraft
  • Hangar being built in UNAQ
  • Tecma Group Mexico Manufacturing Mobile App Now Available
  • Aeromexico and its workers union reach an agreement
  • Bancomext has authorized a credit for US$50 million to rebuild Los Cabos Airport
  • Logistics Center to be built in Guanajuato
  • Two Canadian companies in the automotive field will establish in San Luis Potosi
  • Japanese investments reach US$500 million
  • Mexico will become an international hub
  • TechOps will consolidate its operations in 2015
  • Auto parts plant invests US$16.5 million in Puebla
  • INTERMEX MANUFACTURA DE CHIHUAHUA extended for 1 year its current lease contract with INTERMEX for its Shelter Services to MANOIR AEROSPACE.
  • Relevant topics to be discussed in Mexico’s Aerospace Summit to be held in Queretaro
  • The Mexican Air Force will hold an aerospace tradeshow in 2015
  • Proposal to create an Aerospace Medicine Institute in Mexico
  • Diversifying the State’s economy is urgent

    Ciudad Juarez, Chihuahua.- The setback by Chihuahua’s Gross Domestic Product in the last decade was caused by its high dependency on processing industry, and therefore specialists called to draft a plan focused on diversifying economy and putting money on other productive sectors. “The diagnosis made by the Organization for Economic Cooperation and Development (OECD) showed us that the State of Chihuahua was the only state in Mexico which shrank economically between 2000 and 2010”, Jorge Contreras Fornelli, Chairman of Ciudad Juarez Economic Development, pointed-out. An analysis of figures from the Mexican Social Security Institute, Instituto Mexicano del Seguro Social (IMSS), shows that such dependency is stronger in Juarez, where Processing Industry accounts for 6.16% of formal jobs, followed by Services to Companies and People with 13.5%; Commerce with 11.6%, Social Services with 6.5% and Construction with 2.6%. “Foreign investment is important, but strengthening domestic industry is even more important”, Mr. Contreras said.
    Source: El Diario | Date: 18/06/2012