According to La Cámara Nacional el Hierro y el Acero (Canacero) Mexico ranked 15th as a world producer of crude steel in 2021 and generated 672,000 direct and indirect jobs, with an investment of $14,461 mdd in the last 10 years, that is, from 2012 to 2021.
A total of 18.5 million tons of crude steel were produced in 2021, a figure that represented a reduction of -8.3% compared to the record…
Despite the crisis generated by the COVID-19 pandemic, the shortage of components and microprocessors for vehicle production, Mexico continues to offer competitive advantages compared to other countries, in addition to being one of the main manufacturing hubs worldwide, said Francisco Bautista, Ernst & Young (EY) Latin America North Advanced Manufacturing and Mobility Lead Partner.
During…
He commented that these industries include food, commercial and metal mechanics, among others, which, if their investment in this site is completed, could create between 1,500 and 2,000 direct jobs.
He commented that there is no investment average for these industries, given that they depend on the line of business and the size that their plants require to operate, but minimally they could be…
With an investment of more than US$17 million, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new plant dedicated to the production of components for the…
Labrenta, a company from Breganze, in the province of Vicenza, specialized in closure solutions for the wine and spirits sector, closes 2021 with a total turnover of €20 million, doubling the previous year's result.
The company's growth is linked to Labrenta's success in the American and European markets, especially Mexico, United Kingdom, Central Europe and +128% of sales recorded in the United…
Querétaro, Querétaro, January 31, 2022. Marco Antonio del Prete Tercero, head of the Secretariat of Sustainable Development of Queretaro, informed during a meeting with members of the organization EO Queretaro, that Queretaro has been able to attract 4 new projects with an investment of 528 million pesos that will generate 1,470 sources of employment.
In addition to these projects already…
The northern region (Chihuahua, Coahuila, Durango, Nuevo Leon and Zacatecas) was the area with the second largest number of projects and the first in cumulative investment amount, with US$2,456.6 million (+65.59% vs. 2020), mainly concentrated in the state of Coahuila, which received the largest investment in 2021 with the announcement by General Motors to transform its Ramos Arizpe complex into…
With 62 projects and 1,093.17 million dollars in investments, the Bajío region (Aguascalientes, Guanajuato, Querétaro and San Luis Potosí) continues to be the automotive zone with the greatest movement and dynamism in the country. In 2021, the Bajío recovered 17,643 jobs and accumulated more than 2.8 million square meters of construction of automotive plants and new industrial park projects for…
The most recent report from Directorio Automotriz detailed that Guanajuato attracted more than 26 projects for new plants or expansions, making it the state that attracted the most investment in the automotive sector in all of Mexico during 2021.
The report details that during the 4Q of 2021, 21 investment projects were received in the sector, coming from 10 countries. Of these, 8 correspond to…
Mexico and Italy may formalize their relationship. Between these economies, there is a strong potential for development and complementarity.
"It is one of the major international players. We want Italian companies to become part of the Mexican production chain," said Oscar Camacho, head of the ProMéxico office in Milan.
In a seminar on investment possibilities in the Latin American country…