Friday, February 7, 2025

German manufacturer inaugurates automotive plant in Coahuila

The German automotive company BMTS Technology has inaugurated its new turbocharger manufacturing plant in Ramos Arizpe, Coahuila.

BMTS official Gunter Semeja said that because of the support of authorities and conditions for its global growth, the company estimates that the plant will produce two million turbochargers annually for the North and South American markets.

The US $100-million plant employs 500 people.

“These new investments, like this one by BMTS, not only create jobs, they also favor specialization of the workforce, increases in productivity, and the creation of better working conditions,” said Interior Secretary José María Fraustro Siller.

He said the new plant consolidates the automotive cluster of the southeastern region of the state, and that the governor plans to tour China in order to secure other investment projects, as the state has done in South Korea, Germany, Canada and England.

He emphasized the strength of Coahuila’s security forces, as well as its labor reliability, skilled workforce and high educational standards.

“We are among the states with the highest social competitiveness, that is to say, that which has shown the most potential to generate well-being for its citizens through health, education, income and working conditions,” Fraustro said.

“We’re also the second biggest exporting state in the country and the first in exports of transportation equipment,” he added.

Source: El Economista (sp)

Facade of the Bank of Mexico

Bank of Mexico cuts interest rate to 9.5%

2
With a vote of 4-1, the central bank lowered Mexico's benchmark interest rate half a point, after five quarter-point cuts in 2024.
A calf with an ear tag stands in a field of cattle, like those waiting to cross the U.S.-Mexico border after a screwworm infection shut down exports for three months

Mexico resumes cattle exports to U.S. after screwworm scare

0
Over 200,000 cattle are waiting at the U.S. border, which has been closed to cows since a flesh-eating cattle parasite was found in southern Mexico last November.
View of a Xochimilco chinampa across a canal

Saving Xochimilco: The battle to preserve Mexico City’s ancient canals

2
Organizations like Humedalia are working to preserve Xochimilco's traditional agriculture and stop environmental degradation from unchecked tourism.