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En Breve: Bosch Rexroth in QRO, Asiaway in SLP, Tim Hortons in CDMX
A business and investment round-up including German, Chinese and Canadian companies expanding operations in Mexico.
Mexico hit record value of imported capital goods in May
Imports of heavy equipment and manufacturing machinery have risen for 28 consecutive months as nearshoring increases demand.
Mexico’s economy exceeded growth forecast in April
The month-over-month growth of 0.8%, as reported by INEGI, is the best recorded for over a year; annual growth was 3.3% in April.
Isthmus corridor project secures US $4.5B in potential investment
Fifty-two companies have shared letters of intent to invest in the corridor project, which will bring 10 industrial parks to southern Mexico.
Ternium announces it will build US $3.2B steel plant in Nuevo León
To be located on the company's existing site near Monterrey, the new facility will allow Ternium to increase its steel production capacity.
S. Korean auto parts maker to invest US $100M in Guanajuato
South Korean manufacturer HiHo Wheel will build a new plant in the city of Apaseo el Grande, Guanajuato's Governor Diego Sinhue announced.
Automotive technology supplier Aptiv to invest US $40M in Jalisco
The new plant, projected to open in September, will manufacture parts for electric vehicles and is expected to employ up to 2,200 people.
Peso closes at strongest level against the US dollar in 7 1/2 years
Seemingly unstoppable, the Mexican peso closed Friday against the greenback at 17.05, thanks in part to Mexico's high interest rates.
Fibra Prologis to invest US $700M in industrial spaces in Mexico
The real estate investment trust is expanding development as nearshoring accelerates demand for warehouse and industrial space.
Peso hits new 7-year high against the US dollar
The Mexican peso hit its strongest level against the U.S. dollar in more than seven years on Tuesday, reaching 17.37 pesos to the greenback.
