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NEWS |
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Flextronics planning more investments
In addition to the two plants that are being built, Flextronics is planning to build two more plants in Ciudad Juarez, to soon exceed 8 thousand jobs. This was confirmed yesterday by the Company's General Director, Gabriel Macias, when he said there are no limits to their development in the City, where there are suitable logistics, personnel and strategic conditions to settle roots here.
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Kone transfers jobs to Mexico
Helsinki, Finland- Kone Corporation announced they will transfer their production of elevators and escalators from a plant in Texas to the new facilities the company has in Torreon, Coahuila. Kone Corporation, with headquarters in Finland, informed that the plant in Mexico concentrates ,since the second quarter of 2006, the whole production of elevators for North America.
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Manufacturing exports grow
Monterrey, Mexico Manufacturing exports from Nuevo Leon had a year- to-year growth of 18.3% from January to July, the highest growth in five years, estimated Jorge Vazquez Costilla, Harbor Intelligence Director. Mr. Vazquez pointed-out that the sectors with the largest increase in exports were auto parts with 25.8%; metal home appliances, 73.3%; electric and electronic products, 21.7%; and food, beverage and tobacco, 24.3%. Most exports were made to the USA, and even if US economy is starting a deceleration, their industrial sector is still growing. This is the sector with the lowest drop, unlike home construction and consumer goods, which have been loosing ground.
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Siemens invests US$5 million in Mexican plant
Mexico City The German Company Siemens invested around MEP$55 million (US$5 million) to build a plant to provide service to petroleum, gas and energy sector, as part of its Power Generation Division, the Company informed today. Hans-Joachim Kohlsdorf, Chairman and CEO of Siemens Mesoamerica (Mexico and Latin America) and the Governor of Queretaro, Francisco Garrido Patron, inaugurated the plant last Thursday.
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LNG plant starts operating
Tamaulipas Operations in Altamira gas plant, owned by Shell, Total and Mitsui, have started with an agreement for 300 million cubic feet per day to be supplied to Altamira V and Tuxpan V combined cycle plants, informed Juan Granados Zuñiga, Project Manager for External Energy Producers in the state-owned power generating company, Comisión Federal de Electricidad (CFE). "On Saturday, September 30, Altamira gas plant started operating and the following Sunday the first agreement was entered; ships are already arriving, he said. The agreement officially started on Sunday, October 1, to supply fuel during the next 15 years to these three new plants property of CFE.
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Suppliers for automotive industry in US in trouble
Mexico City The raise in the price of raw materials, larger competition, high interest rates, energy costs and a currency that is loosing ground in the world have 21% of suppliers for the automotive industry in the United States on the verge of bankruptcy. This figure could reach 50% of supply chain, if conditions prevail, revealed a study made by AT Kearney about automotive industry. American auto parts manufacturers have also been affected by the dynamics the industry is undergoing, because those which are suppliers for Ford, General Motors and Daimler Chrysler have lost both, their share of the market and sales.
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Eastprint Plant inaugurated
Cd Juarez, Mexico- The US Company Eastprint Corporation started operations here last June; their plant Eastprint Mexico will be officially inaugurated today at Intermex Industrial Park. This is a manufacturing plant to produce membrane electronic connectors for home appliances and medical supplies.
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ARTICLE OF THE WEEK |
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| Seeking views from interested parties regarding proposed requests for liberalization of the rules of origin set forth in annex 401 of NAFTA |
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By
Baker & McKenzie
Foreign Trade |
Derived from the negociations among the Parties to the North American Free Trade Agreement (“NAFTA”), the Parties intend to continue liberalizing the rules of origin applicable to several products. On August 8, 2006, the Ministry of the Economy published in the Federal Official Gazzete the “Notice requesting comments to the possible changes to the rules of origin of several product categories set forth in annex 401 of the North American Free Trade Agreement”. Individuals and corporations engaged in the production of the goods described hereinbelow, are Invited to file, with their corresponding chambers or industrial assosiations, comments to the proposed changes to NAFTA rules of origin set out in Annex 401.
The deadline to file comments to this publication is due on the 20th calendar day after the publication of such notice in the Federal Official Gazette, this is on August 28, 2006. The proposed changes to the rules of origin set out in Annex 401 of NAFTA applies to the following product categories: fish and crustaceans, herbs and spices (marjoram, kale and coriander, pepper of hibiscus, thyme; laurel leaves, celery seeds; basil, rosemary and sage); fish oils, certain food preparations (scented mixtures, soups and preparations), oils, petroleum oils and bitumen, leather, cotton boxers, aluminium, diesel engines, gas turbines and parts, valves, parts for electric engines, generators, electric transformers, primary cells and batteries, telephonics, turntable, record players, cassette players; radiotelephone issuing devices; radar devices; Reception apparatus for radiotelephony; televisions, Electric sound or visual sig naling apparatus; alarms; lamps, pipes and valves,with thermionic, cold cathode or photocathode tubes; electric machines and devices; insulated electric conductors; rail locomotives and tractors; bushings and "bissels"; parts of rail locomotives and tractors, electrocardiographs, including parts and accessories; medical devices; hydrometers and similar flotation devices; other instruments and devices for physical or chemical analysis; Automatic regulating or controlling instruments and apparatus; parts and accessories thereof; Time of day recording apparatus and apparatus for measuring, recording or otherwise indicating intervals of time, with clock or watch movement or with synchronous motor; cigarret lighters and other lighters, as well as specific rules of origin for the application of de minimis for goods of Section VI, products of chemical and similar industries.

Once the Ministry of Economy receives the comments of the Mexican industry, it will review them and take them into account to discuss them with the governments of the United States and Canada, and issuing, among the three countries, a final proposal. The text approved by the three countries must pass through the corresponding legal procedures in each one of them, being in Mexico, the approval by the Senate.
Once approved by the Senate, the amendments to Annex 401 of NAFTA will be published in the Federal Official Gazette. Should you require specific information or if you wish to file comments with respect to a particular rule of origin, please do not hesitate to contact us.
IMPORTANT DISCLAIMER: This document
has been prepared by the Banking and Finance Practice Group of the Mexico offices of Baker
& McKenzie for our clients and professional associates. This document only refers to
Mexican law. While every effort has been made to ensure accuracy, no responsibility can be
accepted for errors or omissions, however caused. The information contained in this
document should not be relied on as legal advice and should not be regarded as a
substitute for detailed advice in individual cases. No responsibility for any loss
occasioned to any person acting or refraining from action as a result of material in this
document is accepted by the authors or Baker & McKenzie. If advice concerning
individual problems or other expert assistance is required, we would be pleased to oblige.
Baker & McKenzie authorizes you
to forward, reproduce, copy, archive and distribute this document without any changes and
as long as you include the copyright notice below. The distortion, mutilation,
modification or edition of this document is prohibited without the author's prior consent. |
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| All Rights Reserved © Baker & McKenzie Abogados, S.C.
Mexico 2005 |
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