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  • US$410 million to be invested in Chihuahua, generating 5,500 jobs
  • Mexico enjoys international investors’ confidence
  • Senior Operations will grow in Saltillo
  • Quimmco invests in auto parts development
  • Sanmina will invest US$27 million
  • Aeromexico, Interjet and Volaris receive supplies from Leon
  • Chihuahua looking in Canada for aerospace investment.
  • Aerospace companies will invest in Mexico
  • Aerospace cluster strengthened by the execution of the Mexico-France Agreement
  • Penjamo wants to enter into the industrial activity with a new park
  • Eight companies from India will invest in Jalisco
  • ZKW breaks ground in Guanajuato Inland Port
  • The Government will invest US$909.10 million in the Merchant Marine for the energy boom
  • Audi inaugurates Specialization Center in Puebla
  • Halla Visteon Climate Control expands its operations in Chihuahua
  • Aeromar Carga expands its terminal in Mexico City International Airport
  • 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
  • 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