Germany-based manufacturer Thyssenkrupp opens US$80-million expansion in Puebla
German manufacturer Thyssenkrupp in recent days held the inauguration of a US$ 80-million expansion at its manufacturing site located in the municipality of Huejotzingo, Puebla, local media reported. Part of the investment was allocated to the opening of production lines dedicated to the manufactur...
Pirelli tires made in Guanajuato roll on four different continents
As previously announced, executives of the Italian tire manufacturer Pirelli held a ceremony to commemorate the production of 20 million tires at the industrial complex located in Silao, Guanajuato. At the event, Tom Gravalos, CEO of Pirelli Mexico, revealed that the Silao site is the third in prod...
Mexican exports increase for 24 months in a row, yet trade balance results in deficit
Mexico registered a trade deficit of US$ 2.93 billion last October––30.4% higher than the deficit of US$ 2.25 billion in the same month of 2017. This result derives from US$ 41.35 billion in exports and US$ 44.28 billion in imports, according to the latest data from Inegi (PDF). It is the seco...
US steelmaker Nucor Corp. acquires precision castings plant in Guadalajara
North Carolina-based steelmaker Nucor Corporation announced that it is acquiring Corporacion POK, S.A. de C.V. (POK), a fully integrated precision castings company with a facility in Guadalajara, Mexico. POK produces complex castings and precision machined products used by wide range of industries....
The auto parts industry expects US$ 2 billion worth of Chinese investments in 2019
The new rules of origin of the USMCA, coupled with the trade disputes in the United States, will cause 30 Chinese auto part plants to arrive to Mexico next year, that together will invest nearly US$ 2 billion, assured Óscar Albín Santos, President of the National Auto Parts Industry. According to...

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