SECTIONS
 |
|
NEWS |
|
|
 |
Automotive components experienced a 15.4% increase in production value in Mexico last January,
Production value of Mexican auto parts shows a. positive behavior; it
went up 15.4% last January and reached US$2.584 billion, an increase
mainly due to auto parts export.
Evolution of auto parts production in the last 35 months has been
positive, and upon closing 2008 the value of the sector’s production
is expected to go up 4%.
This year will be a hard one, because on the one side essential raw
materials, such as steel, are having a significant impact on
production costs of auto parts manufacturers, together with the
union problem of American Axle in the USA, which has affected
production lines of Mexican suppliers that sell components to
General Motors in the USA.
|
|
|
 |
Alcoa closes; one thousand 400 jobless
Alcoa – a supplier of Volkswagen de Mexico – confirmed the closing
of its plant in Puebla, and therefore as of yesterday and up to July
4 one thousand 400 workers will be laid-off; among these employees
80% are women, most of them single mothers.
Rafael Domingo Alarcon, Human Resources and Public Relations Manager
of this Company – which produces electric systems for automobiles –
declared that “the decision to leave Puebla is definitive and
irreversible”.
He said the main reasons for closing the factory, after ten years of
operations in Puebla, are the loss of competitiveness by this
Company, formerly known as Siemens, and the cancellation of
agreements with Volkswagen de Mexico.
|
|
|
 |
AXA will invest US$100 million
Monterrey, Mexico,- AXA, the French Group which purchased ING
Insurance Division in Mexico, will invest around US$100 million in
the next two to three years, to recover the first place in the
market the Company once had when it was managed by the Dutch, Xavier
de Bellefon said.
Mr. Bellefon, AXA’s Director in Mexico, added that parallel products
will be developed to offer services to each income level, including
low-income, through micro-insurance.
When asked why AXA would establish in Mexico while ING would rather
sell their Insurance Division, Mr. Bellefon said that Fretinal’s
legal issue – which out of the record bothered the Dutch – has been
left in the past and the thing to do now is to focus on the future.
|
|
|
 |
Fiat analyzes building a plant in Mexico
Rome,- The Italian Group Fiat is considering Mexico a possible seat
for an automotive production. plant, which would serve North and
South Americas markets, Automotive News Europe informed today.
According to the magazine, before the US Dollar’s weakness, Fiat is
considering the possibility of producing in North America,
anticipating the return of Alfa Romeo to the US market in 2009.
Also, demand in South America is growing faster than offer,
Automotive News Europe added, and further pointed-out that Mexico
would be strategic to achieve both purposes.
|
|
|
 |
Mexico becoming more and more attractive to investment
Mexico,- Mexico is adapting to the world economy’s dynamics by
consolidating exports with its. traditional trade partners and
expanding trade with other markets, and is therefore becoming a more
attractive site for foreign direct investment.
This was pointed-out by ProMexico in a press release, by stating
that in the first quarter of 2008 exports from Mexico to the USA
experienced an increase, in spite of the economic problems there,
and went from US$17.849 billion in January to US$18.498 billion in
February and US$20.106 billion last March.
|
|
|
 |
Promigas will invest US$40 million in Mexico
The natural gas distributor, Promigas, is planning to invest more
than US$40 million in the next. four years, as part of its expansion
strategy in Mexico through the construction of new service centrals.
Luis Mendez, General Director of Gazel, a subsidiary of the
Colombian Company, assured that there is special business interest
in Mexico, because it is considered a very important market niche in
the distribution and sale of natural gas for use in vehicles.
|
|
|
 |
Nissan will produce 493,000 units in 2008 in Mexico
Against the 498,000 units produced last year, Nissan Mexicana will
make a little adjustment on. vehicles assembly to reach 493,000 upon
closing this cycle; 5,000 units less due to the recession in the
United States, which is a strong market for the Company’s exports.
Even so, the Company will expand its markets and will start shipping
to Russia.
During a visit made by a group of journalists to Nissan’s plant in
Aguascalientes, where the Green Plan for the Corporation was
presented, it was informed that the labor force of this Company,
which is leader in the domestic market, includes 5,600 blue collar
workers in Aguascalientes factory and the total amount, including
the industrial building located in CIVAC, State of Morelos, is 9,194
workers.
|
|
|
|
|
MEXICO'S WEEKLY HEADLINES
|
|
|
» Samsung will invest US$120 million in Queretaro |
|
» Estafeta will invest US$30 million in 2008 |
|
» Mexican Silver leadership is anticipated |
|
» Baja California and Nanking City (China) relations become closer |
|
» VW denies damage in Mexican Automotive Sector |
|
|
CALL MAQUILAPORTAL
TOLL-FREE
From US 1-877-864-8528
From Mexico 01-800-170-1010
|
|
|
Any questions or comments? Reach us at information@maquilaportal.com
|
Servicio Internacional de Informacion does its best to abide by anti-spam laws and offer an adequate service to its subscribers. Please do not respond to this email. If you wish to no longer receive our comunications, you may do so immediately.
All you have to do is click on the "unsuscribe" option. |
|
|
Click here to reach Mexico's Maquila online Directory
|
 Top 100 Maquilas |
| Click here to visit Top 100 Maquilas Mexico's largest Maquiladoras Employers. |
|
|
FeedBack |
Have a comment? Let us know about it.
Click here |
|
|
|
Maquila Portal Directories |
Reach the Maquiladora Market Click here to get maquiladora directories.
The directories are classified by maquiladora industrial sector or geographic location. |
| |
| |
Click here to visit the Events section or add an event.
|
|
