Mexico automotive trade surplus hikes 17% in 2018, official figures show
Just as expected, in 2018, Mexico’s automotive trade balance reached a US$ 82.88 billion surplus, which represented an increase of…
Bosch to complete US$85 million expansion in San Luis PotosĂ by the end of year
German auto parts manufacturer Bosch plans to conclude at the end of this year the US$ 85 million expansion carried…
Hutchison Ports moves cranes from Lázaro Cárdenas to Ensenada
ENSENADA — As part of the expansion of its multipurpose port terminal in Ensenada, the company Hutchison Ports displaced two…
UK-based manufacturer GKN builds US$ 20-million plant in Guanajuato
UK-based manufacturer GKN, through its Powder Metallurgy subsidiary, held a ground-breaking ceremony earlier this week in the municipality of Apaseo…
Refrigeration chamber to be built in Villa GarcĂa for strawberry preservation
VILLA GARCĂŤA – The government of the state of Zacatecas, through SecretarĂa del Campo (Secampo), built a refrigeration chamber for…
Mexican creates the country’s first aerospace workshop
MEXICO — Maker Lab will be a space created for young people of different ages to find the tools and…
Nouryon, formerly AkzoNobel, completes US$ 14 million expansion to double output capacity
Nouryon (formerly AkzoNobel) announced it has more than doubled capacity for emulsion-based organic peroxides at its site in Los Reyes,…
Fibra Prologis puts on sale up to US$70 million worth non-strategic assets
Fibra Prologis will sell non-strategic assets to institutional investors with a value ranging from US$50 million to US$70 million before…
Herdez endorses investment plan
MEXICO — Grupo Herdez will maintain its investment project for Mexico, despite the change of party in the Government of…
GCC’s net income drops as new acquisitions, expansions come online
19 February, 2019Grupo Cementos de Chihuahua (GCC) closed last year with a decline in sales both in Mexico and the United States,…
AMLO presents council to promote investment, employment and economic growth
19 February, 2019MEXICO — President AndrĂ©s Manuel LĂłpez Obrador presented at Palacio Nacional the “Council for the Promotion of Investment, Employment and…
Vesta reported a 26.1% drop in its 2018 profit
19 February, 2019MEXICO — The developer of industrial real estate and distribution centers, Vesta, reported on Thursday its financial results where it…
Nuevo Laredo takes off with 30% more passengers
19 February, 2019NUEVO LAREDO — The Nuevo Laredo International Airport reported an increase of 32.3% regarding the transfer of passengers during the…
European Union will recognize “jalapeño” as a Mexican product
19 February, 2019MEXICO — Following the conclusion of the negotiations of the Free Trade Agreement between the European Union and Mexico (TLCUEM),…
Total company will increase its capacity for fuel supply
18 February, 2019TUXPAN — Total signed an agreement with Tuxpan Port Terminal and Servicios y Terminales de Tuxpan to become the anchor…
Pemex will receive US$5,200 million this year
18 February, 2019MEXICO— For its financial strengthening, PetrĂłleos Mexicanos (Pemex) will have additional revenues of US$5.2 billion this year, which will come…
The airline with the youngest fleet
18 February, 2019MEXICO— According to figures from DirecciĂłn General de Aeronáutica Civil (DGAC), the airline that reported the youngest fleet was Viva…
Nemak’s net income up 5.6%; secures new contracts for electric vehicles worth US$280 million
18 February, 2019Monterrey-based automotive parts manufacturer Nemak posted fourth quarter net income of US$38 million, up 5.6% compared to same period of…
By 2021, 80% of BorgWarner’s business will be electrified vehicle-related
18 February, 2019Last week, BorgWarner Inc. reported fourth-quarter net income of US$230 million, compared to a loss of US$146.2 million in the…
Trump receives automotive tariff probe report; Mexico likely to be exempted
18 February, 2019U.S. Secretary of Commerce Wilbur Ross on Sunday submitted the findings of a probe on whether imported vehicles and auto…
