Firms uphold plans of moving into Mexico
Manufacturing firms from the U.S. are maintaining their plans to relocate production lines into Mexico. Firms such as Rexnord, Caterpillar, Nucor, who manufactures steel products for construction, or the electronics components firm CTS, have not resigned their plans for transferring certain productive processes to Mexico. Todd Adams, Rexnord’s General Director said that transferring part of their manufacturing operations to Mexico “is not something they might regret later”. Nucor is planning to open a factory valued at US$270 million in Mexico. CTS Corp, informed that it will be moving the Indiana production in 2018, to places with “better costs” outside the U.S., and Mexico is listed among such places.