Thursday, September 19, 2024
HomeNearshoring in Mexico

MND_NEARSHORING IN MEXICO

Intretech serves the automotive, medical, energy and consumer technology sectors.

Chinese company Intretech to invest US $60M in Nuevo León plant

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Intretech’s move to Mexico is a strategic investment to strengthen its presence in the Americas. 
The slowdown in manufacturing activity came as Mexico seeks to bolster the sector by attracting foreign investment amid the nearshoring trend.

Banxico: Manufacturing sector cools in Q2 as nearshoring lags

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The dawn of nearshoring in Mexico has yet to break, as 41% of surveyed companies predicted that its greatest impact will be felt after 2026.
Aerial view of a Saltillo, Mexico industrial park

Northern Mexico’s industrial real estate boom shows no sign of slowing...

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Industrial real estate leasing rates in three of Mexico's northern cities saw impressive growth so far in 2024, but a new study says even more space is needed.
COMCE's president described Mexico as a globally important country and expressed confidence that its trade relationships and dynamic business environment won't be diminished by the enactment of the judicial reform.

Judicial reform won’t dent investor confidence, says COMCE president

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"We're not shooting ourselves in the foot," said Sergio Cardenas, predicting that FDI in Mexico will exceed US $40 billion in 2024.
Planned site of Volvo plant in Nuevo León

WSJ reports US $35B of foreign investment in Mexico is stalled

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According to the Wall Street Journal, U.S. companies are holding back on investment due to uncertainty about judicial reform and the U.S. elections.
Supreme Court building in Mexico City

Opinion: There can be judicial reform without undermining trust

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Pedro Casas, CEO of the American Chamber of Commerce of Mexico, details how the judicial reform could destabilize the Mexican economy.
Illustration of shipping container painted with image of Mexican flag being lifted in the air by a crane, representing nearshoring in Mexico

Is nearshoring going to end before it really begins?

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Mexican and U.S. business leaders cast AMLO's judicial reform as a grave threat to the nearshoring trend in Mexico.
The Supreme Court in session

The American Chamber of Commerce of Mexico weighs in on AMLO’s judicial reform

The American Chamber of Commerce of Mexico shares a statement with concerns about President López Obrador's judicial reform bill.
A tanker filled with containers of export goods in Mexico

Mexico’s exports on track to break US $600B in 2024

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Mexico's auto industry accounts for almost one-third of Mexico's total export revenue so far this year.
AMLO at the morning press conference discussing reforms

Opinion: How would AMLO’s reforms impact the USMCA and nearshoring?

Analyst Diego Marroquín Bitar shares his perspective on Morena's constitutional reforms and their potential impact on trade and investment in Mexico.
AmSoc Binational Convention

Next week’s American Society of Mexico summit to cover nearshoring, energy policy and more

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Join some of the leading figures in U.S. and Mexican business and politics in Mexico City, as they discuss the future of the two countries' relationship.
A BYD electric vehicle

BYD weighs 3 states for electric vehicle plant

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The Chinese company is considering three states for its EV plant in Mexico and plans to choose a location by the end of the year.
The new 160,000 square-meter facility will be located in Ciénega de Flores, about 30 kilometers northeast of the state capital of Monterrey.

Volvo to invest US $700M in Nuevo León plant

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Volvo plans for operations to begin in 2026 and expects the site to create 2,500 jobs.