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  • Land for assembly plant wanted
  • Nissan and General Motors will produce a cargo vehicle in Mexico
  • Another Japanese supplier arrives to Silao
  • Mexico perceived as the new Detroit
  • Corvette “nervous system” will be made in Ciudad Juarez
  • Lazaro Cardenas Port will receive US$10 billion investment within five years
  • Altamira Port will receive US$117 million from private investment in 2013
  • Anipac budgets investments for US$3.5 billion
  • Steel boom thanks to assemblers
  • British show interest in Mexico
  • Vitro, ready to grow again
  • Neolpharma builds biotechnological plant
  • Industrialists and government reach an agreement on natural gas
  • Danone denies they will leave Michoacán
  • Drop in Mexican automobiles exports to South America
  • EA888 engines manufactured by Volkswagen in Silao are already running in the USA
  • Puerto Coatzacoalcos will have a vegetal oil terminal
  • Monterrey private sector calls off investments for US$900 million
  • Industrial park for Honda suppliers
  • Rebirth of manufacturing activity agreed with the USA

    • Weak outlook for urban developers

    Monterrey, Mexico.- After weak financial results reported for the second quarter by urban developers in Mexico, the industry will most likely have a negative performance in coming quarters, Barclays Capital estimates in a report. Barclays Capital said that generating free cash flow is one of the main objectives to be reached by these companies, which are struggling to fulfill new government regulations on standards to sell homes with a subsidy. Barclays cut down their target price for Homex shares from MXP$54 to MXP$33, while for Geo it went from MXP$21 to MXP$19. For Urbi they are forecasting MXP$12 per share, compared to previous estimates of MXP$27. For ARA, Barclays Capital considers the price per share in the next 12 months will be MXP$5. Barclays Capital said that political uncertainty and unwillingness to support developers will be the main factors for the negative outlook.
    Source: El Norte | Date: 07/08/2012