MND_NEARSHORING IN MEXICO
Brazilian steel giant Gerdau eyes new plant in Mexico
Gerdau, the Americas' largest long-steel producer, may invest up to US $600M in a fourth Mexico plant, to sell to nearshoring automakers.
Taiwanese electronics company to build plant in San Luis Potosí
In addition to its new plant in Villa de Reyes, SINBON Electronics has plans to build three additional factories in Mexico over the next five years.
Chinese company ZC Rubber to invest nearly US $600M in Coahuila
Internal documents indicate the company hopes to build a tire factory in Saltillo, near the U.S. border.
Do new tariffs mean Mexico is bending to US pressure on China?
President López Obrador's decree imposed tariffs ranging from 5% to 50% on over 500 foreign products, mainly impacting Chinese imports.
Reuters: Mexico yields to US pressure on incentives for Chinese car makers
Reuters quoted officials who said no federal incentives are on offer to Chinese electric vehicle (EV) makers as they look to build plants in Mexico.
Guadalajara ramps up construction of industrial space to meet nearshoring demand
Nearshoring is driving an industrial real estate boom in the Guadalajara area, where 102,000 square meters of new space became available in Q1.
Opinion: Why Mexico needs a nearshoring strategy
To become Latin America's nearshoring star, Mexico must not make dangerous assumptions, says economist Ana Bertha Gutiérrez.
Volvo to build truck manufacturing plant in Mexico
The United Auto Workers (UAW) labor union in the U.S. said it was "extremely disappointed" by the news.
Opinion: 4 key opportunities for the North American economy
In 2026, all eyes will be on North America. Pedro Casas says these are the opportunities to seize to become a united, trusted and coordinated region.
Mexico moves up in global commercial services exports ranking
Mexico's commercial services exports, which includes financial, telecommunications, transport and tourism-related sectors, were worth US $52 billion in 2023.
Where are companies choosing to nearshore in Mexico?
It's no secret that Mexico has become a global nearshoring superpower - but where are these companies choosing to invest in real estate?
Nexteer Automotive to build engineering campus in Querétaro
The Michigan motion-control tech company will expand in Querétaro, making it the center of Nexteer's prototyping, testing and more in Mexico.
Yucatán seizes nearshoring opportunities in auto parts industry
Auto parts exports from Mexico to the U.S. exceeded $13.5 billion in the first two months of 2024, with Yucatán emerging as the top producer.
