MEXICONOW Issue 87
Mar – Apr 2017
Nidec plans to expand steel press machinery output for Mexican market
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
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
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
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
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
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
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
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, 2017Canadian 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, 2017Foreign 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, 2017In 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, 2017Mexico-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, 2017The 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, 2017Ford Mexico announced that the construction of another plant in Chihuahua continues, with a US$1.1 billion investment, expecting to start…
Three clusters will be formed in Chihuahua over the next months
21 February, 2017Two to three clusters will be set up in the city of Chihuahua during the next months, informed Carlos Alberto…
Kola Loka to establish natural rubber plant in Oaxaca
21 February, 2017Industrial group Kola Loka will invest in Oaxaca roughly US$3.6 million to establish one of the industrial plants for natural…
Mexico awards four contracts for natural gas pipeline capacity
21 February, 2017Mexican authorities awarded four contracts for natural gas pipeline capacity for 29.2% of the available capacity on pipelines importing natural…
Queretaro competes for new investment from Safran
21 February, 2017Queretaro is still competing to attract the seventh investment project by Safran Group, along with Chihuahua, Monaco and India, said…
Four new companies arriving in San Luis Potosi
21 February, 2017Four companies will join the logistic cluster in the State of San Luis Potosi (SLP) in 2017, closing the year…
