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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
  • 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