Mexican companies are eager to enter into the aerospace industry doing business in the country.
“In the last couple of years, we registered an upward trend in companies owned by Mexicans rather than foreigners entering the aerospace supply chain in Mexico,” said Luis Lizcano, managing director at the Mexican Federation of the Aerospace Industry (FEMIA).
This federation estimates that Boeing has around 26 Mexican suppliers, Airbus 36, and Embraer 13. However, large aerospace OEMs continue looking to expand their supply chain in Mexico to develop global strategies for their business continuity and establish middle-and long-term production programs.
Other aerospace firms have specific manufacturing projects, but they need partners to reach growth, project size, and investment targets.
Lizcano explained the Mexican business community is starting to create joint-ventures to enter the aerospace industry, which might lead by more growth in the upcoming years.
“In Mexico we serve every system and parts program; therefore, companies have vast possibilities,” Lizcano added during his participation during Mexico’s Aerospace Summit 2018 in Queretaro organized by MexicoNow.
Data from FEMIA shows the aerospace industry in Mexico has a 14% annual average growth, especially in civil and commercial sectors.
At least 312 aerospace companies with global presence call Mexico home. A total of 19 states in Mexico have aerospace activity, but most of the operations are in Baja California, Sonora, Chihuahua, Nuevo Leon, and Queretaro.
Nancy Gonzalez / MexicoNow