Monday, June 17, 2024

MND_NEARSHORING IN MEXICO

A Bobcat backhoe-loader, similar to the equipment the company plans to manufacture at its new plant in Mexico.

Bobcat breaks ground on US $300M plant in Nuevo León

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Bobcat expects the plant, its first in Mexico, to help boost its production of North American loaders by 20%.
PCB board

Mexico looks to prioritize development of semiconductor industry

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The country is further solidifying efforts to promote the semiconductor industry as part of the North American supply chain.
Metalsa manufacturing plant in Mexico

Auto parts exports to the US from January to April worth...

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The U.S. is buying more Mexican-made auto parts, with Mexico's share of the U.S. market also increasing to 42.8% in the first four months of the year.
Querétaro

Foreign and multinational companies announce plans to invest over US $39B in Mexico

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Amazon Web Services, DHL, Evergo and Daikin are a few of the companies that have announced major investments so far this year.
Mexico City aerial view

Mexico is ‘a country on the rise’ says head of Oxford Business Group, Andrew...

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In a recent interview, Jeffreys said Mexicans "shouldn't lose sight" of the economic progress that's been made in the last 30 years.
Shipping containers at Manzanillo port

April was Mexico’s best month ever for US export revenue as bilateral trade booms

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Mexico's total share of the U.S. import market was up to nearly 16% in the first four months of 2024, continuing to surpass both Canada and China.
Construction workers setting up the metal support rods to a building, an image to illustrate foreign investment in Mexico

Foreign direct investment in Mexico hits historic high in first quarter

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Foreign investment in Mexico was $20.3B in Q1, an increase of almost $1.7B compared to the same period last year, the Economy Ministry says.

Could Mexican exports be affected by new US tariffs on China? ‘Stay tuned’ says...

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The Biden administration toughened up tariffs on Chinese imports on Tuesday, which could bring both future complications and benefits for Mexico.
Microchip maker Micron Technology is based out of Boise, Idaho

Semiconductor manufacturer Micron Technology coming to Guadalajara

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The new facility will be the first headquarters in Latin America for the Boise, Idaho-based Micron Technology.
Steel tubes in closeup

Brazilian steel giant Gerdau eyes new plant in Mexico

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Gerdau, the Americas' largest long-steel producer, may invest up to US $600M in a fourth Mexico plant, to sell to nearshoring automakers.
Taiwanese Sinbon Electronics held a groundbreaking ceremony for their new facility in Villa de Reyes, San Luis Potosí

Taiwanese electronics company to build plant in San Luis Potosí

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In addition to its new plant in Villa de Reyes, SINBON Electronics has plans to build three additional factories in Mexico over the next five years.
Coahuila Gov. Jiménez celebrates the planned investment in his state with ZC Rubber.

Chinese company ZC Rubber to invest nearly US $600M in Coahuila

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Internal documents indicate the company hopes to build a tire factory in Saltillo, near the U.S. border.
A cargo ship docked in with a crane preparing to remove containers

Do new tariffs mean Mexico is bending to US pressure on China?

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President López Obrador's decree imposed tariffs ranging from 5% to 50% on over 500 foreign products, mainly impacting Chinese imports.