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NEWS
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 Bombardier will invest US$200 million in Queretaro
The Canadian company Bombardier Aerospace will make an initial investment of US$200 million to build in Queretaro a plant to produce airplane parts and, at a later stage, airplanes. The plant will employ at the beginning around 1,200 people and will produce harnesses, fuselages and airplane tails, as well as other parts, components and structures, to later assemble airplanes. One of the
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Solectron will expand facilities in Guadalajara
Guadalajara, Mexico - Solectron, the world's largest. electronics manufacturing services company offering a full range of integrated supply-chain solutions for the world's leading electronics original equipment, announced today the expansion of its facilities in Guadalajara. The Company will add new capacities and will create an Encapsulating Center and a Technological Excellence
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Pencils manufacturing plant coming to Mexico
Mexico City - Dixon USA will transfer to Mexico its pencils plant. located in Missouri, in order to increase exports to Latin America, confirmed Diego Cespedes, Dixon Director in Mexico. "Equipment will arrive on November, we are going to integrate production with Mexico's, and the idea is to supply Latin America's market,' he said. The new plant will be located in Tultitlan, inside Dixon Mexico facilities, and will double pencils production, going from 400
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Three more maquilas arriving
Three new companies specialized in the manufacture of dispensing machines, cleaning products and parts for automotive transmissions will start operating soon in Grupo Intermex' Aero Juarez Industrial Park. According to information disclosed by Intermex, the companies coming to Ciudad Juarez belong to Continental AFA, Reckitt Benckister and Borg Warner and will jointly employ more than 300 people. The three companies entered lease
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Dana will transfer lines to Mexico
Toledo, Ohio - Dana Corp, the largest American manufacturer of axles for light trucks, will sell three divisions, close two factories and cut 5% of salary jobs in order to gather some money and decrease its debt, after suffering losses or lower profit in four consecutive quarters. The assembly and components lines of this company in Lima, Ohio, will be transferred to Mexico, and around 100 workers will loose their jobs. Burns is planning to improve
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International will assemble models in NL
Monterrey, Nuevo Leon - With an investment of US$10 million, International, the heavy vehicles manufacturer, started production of series 7000 in its plant in Escobedo, Nuevo Leon. Bernardo Valenzuela, General Director of Camiones y Motores International de Mexico, said that this series was previously produced only in the United States. However - he said - thanks to technological innovation, qualified labor and the integration of domestic components
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Campeche, a competitive state in labor for maquilador sector
Merida, Yucatan - As another evidence of the economic growth and industrial development in Campeche, which is starting to stand out as a competitive state in labor for maquilador sector, operations of a garments factory started yesterday, the name of the factory is Dzitbalché and belongs to Moyell Group, an affiliate of Zaga Corporation. The Company's Director, Isidoro Zaga, said that the Company decided to establish in this State due to its
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ARTICLE OF THE WEEK
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A MEXICAN POINT OF VIEW
India's education model
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By Samuel Peña Guzman
Foreign Investment Coodinator State of Nuevo Leon
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A few days ago I was talking with a businessman from a multinational company with headquarters in India and planning to start operations in the north region of Mexico. My attention was called to the level of academic instruction the population in India has, as well as their education models. Nowadays India has an education system based on technology industry and knowledge. The academic level in India is not only higher than ours, they have even adopted education models similar to those in developed countries with a huge success for their students and graduates.
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In the United States, for example, India has the largest number of work visas for professionals (H1-B ) in the world, including US three main trade partners all together (Canada, China and Mexico).
This is proof of how highly prepared professionals from India are, versus the education of Mexican immigrants resident in the USA.
You may wonder: How is this related to Mexico? The answer is simple: there are better models; especially there are better education models that have provided competitiveness to students and professionals. We could well apply these models in Mexico.
Mexico has academic levels way below the academic mean in developed countries, and even below some of our competitors, including China, South Korea and India. Still, in Mexico's north region academic levels are above the domestic mean - 6 years - in some cases even 2 or 3 years higher. These academic levels make a difference not only in the academic development of the states, but also in income per capita, development and competitiveness.
Many decisions on foreign investment projects in Mexico are based precisely on the academic level and qualified labor, among other factors. The higher academic level of some Mexican north states when compared to other states, mainly in the south, makes a difference on the type and sector of investment projects, as well as on the states' economic development.
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MEXICO'S WEEKLY HEADLINES
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| » Mexico registers its lower inflation in 34 years; 3.1% : BBVA |
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| » The commercial deficit of Mexico grows 23.1% |
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» Unemployment in Mexico increases to 3.70%
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» America Movil will invest to US$3 billion: Daniel Hajj
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| » President InterContinental invests US$100 million in Mexico |
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EVENTS
2005
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October / November
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NATIONAL CONVENTION OF THE EXPORTING MAQUILADORA INDUSTRY
Acapulco, Gro., MX
26 - 30 October
NAMCON
Toronto, ON, USA
8-9 November
FABTECH & AWS
Chicago, IL, USA
13-16 November
MEXICO & CHINA CONFERENCE
Monterrey, N.L., MX
29 November
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