Mexico Manufacturing Industry Information Center.
Toyota Motor plans to build a new plant in the State of Guanajuato, Mexico by 2019, and another one in China by 2018, expecting to invest about US$1.25 billion, according to the Nikkei. The plant in Mexico will have a maximum production capacity of 200,000 cars a year, and a new version of the Corolla sedan model for export to North America will be built in this location. Both plants of Toyota will increase their annual production capacity up to 300,000 vehicles and they will require a 40% lower initial investment compared to the disbursement of 2008. The new plant can be easily reconfigured in a few days for different models' production, unlike larger facilities which require up to a month's work.
Kia announced the opening of its first 21 dealerships to start marketing its vehicles in Mexico, creating about 1,000 jobs with a US$63 million investment. Starting June 2015, the Company will offer the Sorento, Sportage and Forte models, and by November it will add the Optima sedan. The 21 dealerships will be distributed in Monterrey, Chihuahua, Guadalajara, Toluca, Mexico City, Puebla, Queretaro, San Luis Potosi, Merida and Villahermosa in Tabasco, reaching a coverage of 68% of Mexico's territory. Kia Motors expects to sell 7,000 units in our country by the end of 2015. By the second half of 2016 operations will begin at the new Kia manufacturing facilities in Mexico, with the assembling of the Forte sedan, thus increasing by 10% Kia's current global installed capacity of 3 million units.
The state of San Luis Potosi is competing with Queretaro to become the new home of the Goodyear tire manufacturer. San Luis Potosi has a good chance of being chosen by the company to be the site of a new UHP (Ultra-High-Performance) tire factory. The company is relocating its production after the 2006 closing its plant in Tyler, Texas. Automotive analysts said that Goodyear analyzed the possibility to relocate to Colombia or Brazil, but due to logistic conditions, the company finally decided to come to Mexico. The market segment that the tire factory in Mexico would address, competes with that of the Italian tire manufacturer Pirelli at Silao plant; one of the factors that could tip the balance toward San Luis Potosi is the start-up of the BMW assembly plant in Villa de Reyes.
Source: Cluster Industrial
THK Rhythm, a Japanese auto parts maker, will build a second plant in Silao, Guanajuato by 2016, which will produce components for robotics, revealed Akihiro Teramachi, Corporate CEO. US$67 million were invested on the first plant of the corporate in Mexico, which manufactures auto parts for suspension, steering, brakes, engine and transmission, among other components. During the inauguration of the plant, located in the Santa Fe III Park of Guanajuato Puerto Interior, the manager mentioned their plans to expand the production in Mexico to cater to other industries besides the automotive. This second manufacturing space will be built on an area of 50,000 square meters, also located in Guanajuato Puerto Interior.
Source: El Economista
Investments of US$248 million have been announced for the State of Baja California, which will contribute to the growth of various companies in the State: the construction of a power plant at Tecate, the expansion of an automotive company and the growth of factories from the medical industry were confirmed during the work tour of the Ministry of Economic Development's officials. The company Motorcar Parts of America (MPA) announced a US$25 million investment to expand its capacity and consolidate its manufacturing operations of automotive alternators and generators in Tijuana, creating 500 new jobs. Medical products companies, Ossur, Breg and Scantiebodies announced their plans for growth and future investments in their Baja California operations. Ossur, a developer, manufacturer and retailer of non-invasive orthopedics, will generate 300 jobs at its plant, as it expects to double its capacity within the next two years with a US$7.5 million investment. Meanwhile, the Breg Company, another medical supplier, recently acquired an additional area for expansion, with a US$2 million investment to create 100 new jobs, seeking to amount 400 employees by the end of 2015. In the case of Scantiebodies, which performs laboratory tests, an investment for US$7 million was reiterated for this year to equip its Imagenology and Therapy Center.
The National Institute of Statistics and Geography (INEGI) reported that in February 2015, the industrial output grew 1.6% over the same month in 2014. He announced that manufacturing increased 3.9%; while generation, transmission and distribution of electricity, water and gas by pipeline to the final consumer raised to 3.8% and construction 1.4%. By sectors, INEGI states that mining advanced 1.5%, manufacturing 1.0% and the generation, transmission and distribution of electricity, water and gas by pipeline to the final consumer at 0.1%.
U.S. auto maker Ford Motor Co announced an investment of around $2.5 billion in Mexico, according to industry sources, in the latest multi-billion dollar outlay in the country's booming auto sector. Ford will invest $1.3 billion to expand its plant in northern Chihuahua state, where it will build two new diesel engines, with another $1.2 billion destined for a transmission plant in central Guanajuato state, the sources said.