The Ministry of the Economy suspended 536 maquiladoras

Monterrey, Mexico.- For failing to file their annual report for 2011 fiscal year, the Ministry of the Economy suspended 536 companies authorized to operate under Manufacturing, Maquiladora and Export Services Industry programs (Industria Manufacturera, Maquiladora y de Servicios de Exportación (IMMEX)). The Ministry of the Economy published the list of suspended companies in the Federation’s Official Gazette. “The names and program number of holders of licenses to operate under manufacturing, maquiladora and export services industry programs (IMMEX Programs) suspended for failure to file the annual report corresponding to 2011 fiscal year are hereby listed, as stated in article 25, second paragraph and third paragraph fraction I”, it reads. The companies included in the list will have until the last business day of August to meet requirements and file the annual report on total sales and exports made in 2011 fiscal year. The authorizations granted to companies that do not remedy those omissions will be definitively cancelled as per article 25, second paragraph of IMMEX Decree as of the first business day of September 2012.