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MEXICONOW Issue 87

Mar – Apr 2017

1 March, 2017

Nidec plans to expand steel press machinery output for Mexican market

25 February, 2017

With an eye on growing demand for high-tensile steel used in automobiles, Kyoto-based manufacturer Nidec announced plans to produce large…

Cummins revenues, profits fall in 2016

24 February, 2017

Diesel engines and solutions manufacturer Cummins reported revenues for the full year 2016 of US$ 17.5 billion, 8% lower than…

Japanese airline ANA launches route to Mexico City

24 February, 2017

All Nippon Airways (ANA) began running flights between Narita Airport near Tokyo and Mexico City, targeting business travelers at Japanese…

Bridgestone to keep NAFTA operations unchanged

24 February, 2017

Bridgestone has no plans to adjust its operations in response to President Donald Trump’s policies, the CEO of the world…

Yusen Logistics opens US$ 13 million facility in Guanajuato

22 February, 2017

Yusen Logistics, a leading third-party logistics provider, opened a 53,820-square-foot logistics center near Celaya, Guanajuato, to provide services to its…

Advanced materials manufacturer Toray expands operations in Jalisco

22 February, 2017

Toray Industries will embark in a major expansion of its carbon fiber business over the next few years. To that…

Automotive sector creates the best paid jobs in 4 out of 6 Mexican regions

22 February, 2017

Human capital firm Adecco Mexico revealed that automotive salaries are among the highest compared to other sectors in four out…

Flex acquires AGM Automotive; deal includes a Queretaro plant

22 February, 2017

Technological manufacturer Flex, formerly Flextronics, announced that it has entered into a definitive agreement to acquire AGM Automotive (AGM). AGM…

Mexican-Canadian joint venture to develop power infrastructure in San Luis Potosi

21 February, 2017

Canadian developer ATCO partnered with Mexican counterpart RANMAN Energy to supply an innovative power generation solution in the rapidly developing…

Queretaro’s automotive investments tripled in 2016

21 February, 2017

Foreign direct investment related to the automotive sector more than tripled during 2016 in Queretaro, from US$ 89.9 million US$…

Mexican automotive trade surplus reached US$ 62.9 billion in 2016

21 February, 2017

In 2016, Mexican automotive trade surplus reached US$ 62.9 billion, a 1.2% decrease compared to 2015 and first fall since…

Mexico-based Rassini reports 49% growth in 2016 earnings

21 February, 2017

Mexico-based auto supplier Rassini, S.A.B. de C.V., reported earnings before interest, tax, depreciation and amortization (EBITDA) for the fiscal year…

Ford revolutions the automotive sector in Sonora

21 February, 2017

The confirmation from Ford regarding the re-location of the Focus project to Hermosillo, is a great opportunity and a way…

Ford Plant to start Chihuahua operations in November

21 February, 2017

Ford Mexico announced that the construction of another plant in Chihuahua continues, with a US$1.1 billion investment, expecting to start…

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