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  • 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
  • Linares may attract an assembly plant: Sedec
  • Pemex announces investment in refineries for US$1.4 billion
  • The Aerospace Industry is starting to grow in Jalisco
  • The Ministry of Energy presents Round One to companies
  • Cleantech Challenge Mexico 2014
  • Aerospace clusters mitigate economic turbulence
  • 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
  • Domestic Auto Parts Industry could lose US$200,000

    The Mexican Association of Auto Parts Industry, Industria Nacional de Autopartes (INA), estimated losses for around US$200,000 in production if Argentina does not reconsider its decision to suspend the Agreement for Economic Complementation Agreement (ACE 55) it entered with Mexico. In an interview, Oscar Albin, Chairman, INA, said that this amount is not so relevant for the sector when compared to the MXP$65 billion in total production and taking into consideration that the largest portion of exports by this industry are made to the United States and Canada. Auto parts exports to Argentina did not represent a big market for Mexico, it is a lot smaller than Brazil’s, where fortunately auto parts exports quotas were not limited, as was done with automobiles”, he said. He pointed-out that the impact will be on original auto parts sold to assembly plants in Mexico that export to Argentina, sales that dropped around US$200,000, reducing also the amount of taxes paid.
    Source: Notimex | Date: 11/07/2012