Weekly Bulletin  #  367                               Friday, April 11, 2008   

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Round.gif (60 bytes) NEWS Round.gif (60 bytes) ARTICLE OF THE WEEK
Round.gif (60 bytes) MEXICO'S WEEKLY HEADLINES Round.gif (60 bytes) NEW THIS WEEK
 
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 . NEWS

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Trinity Plant starts operations in Coahuila
Castaños, Coahuila,- Trinity Industries de Mexico started operating a new plant to produce parts. and components for railroad cars, structure towers for power generation and several metal components for both, the domestic and US markets. The new factory, located in the State of Coahuila, received a US$30 million investment to generate 300 direct jobs. This plant is part of an integral project through which one thousand jobs will be created in its different stages.

Source: Vanguardia more information


Quality Post will invest US$6 million this year
Mexico City,- The Monterrey based courier and messengers company, Quality Post, has investment. plans for around six million dollars this year, which will be mainly spent in technology and their vehicles fleet. Fernando Benavides, Marketing Director, said to T21 that 50% of this investment (US$3 million) will be used in automation systems for correspondence processing, in addition to Global Positioning System (GPS) equipment for 100% of the Company’s vehicles fleet.

Source: T21 more information


VW will invest MEP$1 billion in Puebla Plant
Mexico,- The German assembler Volkswagen (VW) announced they have forecasted investment for. US$1 billion for their plant located in the Mexican State of Puebla in order to increase production capacity. Otto Lindner, President of VW Mexico, informed to EFE News Agency that the German company wants to increase production in their only plant in North America by 100,000 cars for 2010 with a MEP$1 billion investment.

Source: El semanario more information


O’Donnell will spend US$200 in the construction of industrial buildings
Mexico City,- O’Donnell, the developer of industrial parks, will invest. this year from US$125 to US$200 million in the construction of industrial buildings in Mexico. David O’Donnell, the Company’s President and CEO, said that with these resources their installed capacity will be increased by 60%, going from the 5,381,933 square feet (500 thousand square meters) they had upon closing last year, to 9,687,479 square feet (900 thousand square meters).

Source: T21 more information


Nissan invests in new line
Cuernavaca, Mexico,- With a US$32 million investment, Nissan Mexicana announced they will start. the production of their new D22 trucks, which will substitute the former model D21, better known as Estaquitas. From the total amount, US$15 million were estimated for Civac Plant in Morelos, in order to make the works required to manufacture the new model. “With this new trucks line, Nissan’s purpose is consolidating its position as leader of light commercial trucks market.

Source: Reforma more information


Japan Tobacco installs offices in Mexico
Mexico City,- Japan Tobacco International (JTI), owner of Camel cigarettes brand, opened their. first offices in Mexico, in spite of recently approved anti-tobacco laws, in order to strengthen their presence in Mexico City, Guadalajara and Monterrey, according to Oscar Ivanissevich, the Company’s Vice-president for Latin America. “We have been in Mexico since 2002 through a partnership with British American Tobacco (BTA), which distributes our leading brand in Mexico, Camel, and from 2002 to 2007 we experienced a 10% growth, which led us to open an office to strengthen our presence and grow”, said Ivanissevich.

Source: Reforma more information


US$150 million invested in new medical center in Monterrey
Monterrey- With a US$150 million investment, construction of the first stage of Tecnologico de. Monterrey’s Zambrano Hellion Medical Center started today in San Pedro Garza Garcia municipality in Monterrey’s metropolitan area. The Deputy Director of Hospital San Jose, Javier Flores, informed that the building is expected to be ready by the end of next year to start offering specialized medical care in 2010. He said that the first stage of the medical center will have a five- floor building to provide services in admissions and diagnosis areas, including emergencies, lab and radiology. He said that the building will have 110 rooms with state-of-the-art medical technology and a parking lot with a capacity for around two thousand vehicles.

Source: Milenio more information


Barcelo will invest more than US$600 million in Mexico
Huatulco, Oax- The Spaniard Hotels Chain Barcelo will invest US$600 million in the next. two years in order to increase the number of hotel rooms in different tourism destinations in Mexico. In an interview, the Manager of Barcelo Hotel in Huatulco, Angel Cruz Escudero, said that the goal is increasing the number of rooms from five thousand 350 to 10 thousand. To this purpose, he pointed out, negotiations are underway to purchase two hotels in Cancun and two more in Playa del Carmen.

Source: El Financiero more information


Mabe plans to sell 16 million home appliances in 2008
Huehuetoca,- With a US$35 million investment, Mabe, the Mexican home appliances manufacturer. inaugurated a Distribution Center here with a storage capacity of 350 thousand units. The Company’s Chairman, Luis Berrondo Avalos, said that the goal this year is selling more than 16 million home appliances in the Continent, of which four million will be sold in the Mexican market.

Source: El Financiero more information


GM planning to invest US$900 million in Coahuila
Saltillo— The automotive giant General Motors keeps on putting its money strong on Coahuila. as one of its most important production centers in North America and is preparing an investment for around US$900 million in its Ramos Arizpe Complex. According to industry sources, the investment will be announced next May and will be used for the development of new powertrain components, such as engines and transmissions, mainly for the new generation of GM products.

Source: El Diario de Cd. Juarez more information


MEXICO'S WEEKLY HEADLINES
» 22 U.S. companies are with a view to the State of Coahuila
» La-Z-Boy announce investment
» CCNI, Maruba and Hamburg Süd leave Port of Ensenada
» Production of biocombustible will detonate investments for US$500 million
» VW exceeds the production of 100 thousand cars in the first quarter of 2008
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