The Ministry of Sustainable Development (SEDESU) reports that, according to information from the National Institute of Statistics and Geography (INEGI), during 2022 the manufacturing industry accumulated a total of 465 thousand 351 million pesos, a figure that represents an increase of 14.2 percent, compared to what was obtained in 2021.
The manufacture of transportation equipment was the…
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…
At the end of 2021, Mexico was positioned as the fourth largest auto parts manufacturer in the world, according to information from the National Auto Parts Industry (INA). Our country invoiced more than 94 million dollars in parts.
Fourth largest auto parts manufacturer worldwide during 2021, according to the National Auto Parts Industry (INA). During this period, Mexico invoiced 94.778 billion…
February was a month of mixed results for the automotive industry, on the one hand, with an increase in domestic production, but also a continued drop in exports, Inegi reported on Friday.
In the second month of the year, 240,479 vehicles were manufactured in the country, which represented an increase of only 0.66 percent with respect to the same period last year, thus reversing a seven-month…
A center for industrial innovation in design and digital manufacturing for the Bajío aerospace sector (CIIA) was inaugurated on Tuesday in Aguascalientes, Mexico, to boost aeronautics companies in that country.
The project involves the Government of the State of Aguascalientes, private companies and the Instituto Tecnológico de Aguascalientes on behalf of the academic sector.
The new center…
Mexico reached a record share of the U.S. automotive import market in 2021, according to data from the Department of Commerce (DOC).
Mexico's automotive exports to its northern neighbor totaled 128.622 billion dollars in 2021, an increase of 13.9% at an annual rate.
The United States represents the largest automotive import market in the world and Mexico and Canada are among its main suppliers…
In order to increase production of hot rolling, galvanizing and finishing, Ternium confirmed that it will invest 1 billion dollars to expand its Pesqueria Industrial Center in Nuevo Leon. Italian companies that produce metalworking and manufacturing machinery are a good option as suppliers for this type of company and its industrial sector.
This was confirmed by Máximo Vedoya, CEO of the steel…
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…
Mexico increased the value of its auto parts production by 10.3% between 2011 and 2012, displacing South Korea as the fifth largest global manufacturer of automotive parts and components.
Mexico's main advantage over Asia was the diversification of sales, since while the bulk of South Korea's auto parts production is for its assembly plants (such as Hyundai, Kia and SsangYong), Mexico serves…