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NEWS
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Fox inaugurates Moll Plant
Ramos Arizpe - Upon inaugurating Moll Industries, a state-of-the-art plastics injection plant. supplier of Whirlpool's, that invested MEP$300 million to create 600 jobs, President Vicente Fox called to compete against the "Asian Tiger." "Every nationalistic vision of a closed economy, of protectionism, goes against the successful road of globalization and economic progress, because the whole
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Mexico leads technological sale
Mexico is the only country in Latin America among the 10 main information and. telecommunication goods exporters, according to the report "2005 Information Economics" prepared by UNCTAD. Mexico has 90% of science and technology goods exports in Latin America, followed by Brazil with 5.8% and Costa Rica with 3.8%, according to UNCTAD. However, at a global level it is far from China's
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Marine will create 700 jobs
Mercury Marine, a company specialized in building water-craft, announced yesterday an expansion project for its operations in Ciudad Juarez during the next 18 months, when the Company is planning to increase its labor force from 800 to 1,500 people and reinforce its diversification process by offering harness manufacturing to other companies. Patrick C. Mackey, Mercury President, visited Ciudad Juarez to attend the inauguration of the
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VW produces one thousand buses and trucks in one year
Mexico City - Unit number one thousand left today Volkswagen Trucks and Buses' assembly line; a new model truck, 17 tons and 250 hp. The first one thousand buses and trucks assembled in Mexico by Volkswagen are reached only some weeks after celebrating the first anniversary of operations here. Buses and Trucks Division assembles in Mexico 15, 17 and 24 tons Cummins Interact Euro III heavy trucks with 6 cylinder engines and 190 or
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Whirlpool plant inaugurated in Saltillo
Saltillo, Coahuila - With a US$200 million investment, Whirlpool inaugurated its refrigerators manufacturing plant in Ramos Arizpe. The Plant's kick-off, which in a first state will create 350 jobs, took place before the Company's international executive officers and local authorities. The ceremony was attended by Governor Enrique Martinez, David Fwift, Whirlpool Corporate President and Roy
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Maquila plan to attract FDI to Mexico fails
Mexico City - Maquiladora model and other exports foster. program have failed in Mexico as a mechanism to attract Foreign Direct Investment (FDI). Simon Levy-Dabbah, consultant of the Mexican Firm LatinAsia established in Beijing, warned that unlike China, in Mexico schemes are useless to transfer technology. "Maquila programs in Mexico are for the temporary import of industrial assets, but not for technology, as joint
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AFE Group installs plant in Chihuahua
AFE Group inaugurated yesterday AFE Demo Technic plant that will work on plastic injection and producing airbags for the automotive sector. The establishment of this company, with an investment of US$6 million and generating 136 direct jobs in the City of Chihuahua is fruit of the industrial mission to France last June by the Governor, state and municipal government officers and businessmen. The plant is located in Chihuahua Industrial
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ARTICLE OF THE WEEK
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A MEXICAN'S POINT OF VIEW
Mexico Towards 2006
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By Samuel Peña Guzman
Foreign Investment Coodinator State of Nuevo Leon
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The questions the media and many of us make today are: What will happen next year after the elections? Who will be our next president? Will there be any economic upheaval? What will happen inside PRI with the division it is facing? Will Lopez Obrador win? Will there be capitals flight? Will PAN receive punishment votes this time?
Well, there are so many questions we read every day in Mexican and foreign media regarding Mexico; however, the bottom line is precisely the lack of certainty which did not exist some years ago, when everything could be figured in advanced. Nowadays we are unable to do so; as a result of the existing democracy.
In two of the three largest political parties, there is internal struggle to become a presidential candidate. Undoubtedly the hardest fight is the one inside PRI. Even if the candidate is to be elected democratically, there is the risk today of, if you allow me, "shooting one's own foot." The struggle between the former PRI General Secretary, Elba Esther Gordillo, and the former Chairman of PRI National Executive Committee (CEN) and now presidential pre-candidate, Roberto Madrazo, has left the balance of internal division that puts at stake unity in said party. On the other hand, we must mention that the other candidate - who comes from a group that opposes Madrazo - Arturo Montiel has expressed some disagreements. Both Elba Esther and Montiel are against Roberto Madrazo's candidacy; Madrazo, on the other hand, worked to become a candidate when he was CEN Chairman.
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MEXICO'S WEEKLY HEADLINES
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| » GDP grows 3.3% in third trimester |
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| » Unemployment rate falls 3.57% |
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| » VW launches Bentley brand in Mexico |
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| » Mexico's DFI raises 25.7% |
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| » Maquiladoras plant will be certified in pieces for aeronautics |
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EVENTS
2005
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November / December
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MEXICO & CHINA CONFERENCE
Mexico City, MX
1 December
SEMICON JAPAN 2005
Tokyo, Japan
7 - 9 December
MEXICO & CHINA CONFERENCE
Monterrey, N.L., MX
29 November
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