French trade mission seek investment opportunities in aerospace for up to US$ 200 million
A trade misión comprised of 24 company representatives arrived in the last days to Mexico looking for investment opportunities for up to US$ 200 million, state-owned news outlet Notimex reported this week.
Among the companies involved are heavy weight firms such as Airbus Helicopters, Safran’s subsidiary Spema, Zodiac Aerospace, Roxel and Coriolis Composites Technologies, but also less-known enterprises like lab tests supplier Emitech and steel extruder Cefival.
Concerning the amount of investment, the US$ 200 million figure is the estimate provided by Guillermo Garza García, commercial counselor of ProMéxico in Paris, France. “That is what we expect, that a mission like this one could generate in the medium term,” he said.
The mission will meet with authorities from several states to visit plants, training centers and clusters of the aerospace sector in Mexico City, Queretaro and Chihuahua, to see firsthand the business opportunities Mexico has to offer.
Official figures show that aerospace industry has attracted more than US$ 2.5 billion in Foreign Direct Investment (FDI) from 2007 to 2017 and is expected to add at least US$ 400 million by 2020. Those investment are expected to place Mexico among the ten leading exporters in components in the aerospace industry by 2025.