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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
  • Argentina suspends free automotive trade with Mexico

    Mexico City — Argentina’s government will suspend the Economic Complementation Agreement (ACE 55) with Mexico, which allowed free flow of automobiles and auto parts. In a press conference, Bruno Ferrari, Minister of the Economy, said that Mexico’s government is not willing to negotiate the Agreement with Argentina, and they will resort to international venues to keep in in force. Mr. Ferrari pointed-out that since 2003 bilateral trade of automobiles and auto parts posted a surplus for Argentina, but in 2011 the balance was in favor of Mexico; therefore, “There is no argument to suspend the Agreement”. In 2011 US$88.7 million were exported in automobiles, while US$237.7 million were imported, benefiting the domestic industry.
    Source: Milenio | Date: 27/06/2012