Thursday, October 17, 2024

MND_NEARSHORING IN MEXICO

Manzanillo, Colima port

WSJ: Sheinbaum administration wants US help to reduce Mexico’s imports from...

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The Wall Street Journal reported on this administration's plan to reduce dependence on China, with help from foreign manufacturers operating in Mexico.
BYD showroom with cars on display and people shopping

US lawmakers pressure Sheinbaum to address Chinese ‘connected’ car concerns

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The lawmakers' letter warned Sheinbaum that Chinese vehicles made or sold in Mexico pose a cyber threat to North America.
Hofusan Industrial Park model

Hofusan Industrial Park announces US $1B expansion plans in Nuevo León

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The industrial park is owned by Chinese and Mexican developers and has already invested US $1 billion in its facilities to date.
Trump made the comments while meeting with farmers at a campaign event in Smithton, Pennsylvania.

Trump threatens 200% tariff if John Deere moves production to Mexico

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It was reported in July that John Deere's Ramos Arizpe facility would take over the manufacturing of certain types of machinery formerly made in the U.S.
A map with a magnifying glass over Mexico

Who’s investing in Mexico? With this government platform, you can now see for yourself

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A new feature lets visitors to the website see how much foreign businesses plan to invest in Mexico, along with other information.
Valeria Moy head shot

Opinion: The missed opportunities for Mexico’s economy

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Economist Valeria Moy thinks the judicial reform will hinder Mexico's growth and its ability to take advantage of the nearshoring opportunity.
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 down

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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.