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Tweezers hold a surface mounted semiconductor device over a printed circuit board, as if about to mount the device on the board.

US and Mexico strategize to lure ‘nearshoring’ business relocation from Asia

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Mexico and the United States will work together to attract companies from Asia, the Economy Ministry said Friday.
Billionaire Carlos Slim speaking at a business event in September.

Carlos Slim predicts strong GDP growth as nearshoring increases

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The Mexican economy will boom as the U.S. reduces its reliance on Chinese products, billionaire businessman Carlos Slim predicted Wednesday.
Economy Minister Raquel Buenrostro appeared before the Senate on Tuesday.

400 companies seek nearshoring opportunities in Mexico, says Econ. Minister

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Resolving the on-going USMCA energy dispute would provide more certainty for hundreds of companies are interested in relocating to Mexico, officials said.
The candy manufacturer and distributor Grupo Ferrero announced that they planned to invest US $50 million to expand their industrial operations in Guanajuato, on the Bajío states.

‘Nearshoring’ fuels boom in construction of industrial parks in the Bajío region

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Construction and development of new industrial space in central Mexico is booming, pushed by nearshoring in the car manufacturing industry.

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