Mexico Manufacturing Industry Information Center.
The Spanish Company Antolin, auto parts manufacturer, will establish a new plant at the Xicohtencatl II Industrial Park, in the municipality of Huamantla, Tlaxcala, by early 2016. The Company will invest around US$53.75 million and will produce auto parts to supply Audi and Volkswagen. The plant will generate 300 direct jobs in a first stage. The Grupo Antolin's President to North America, Pablo Baroja, said that they have started the hiring process and that some staff is in a training process at their plants in Europe. Meanwhile, in Mexico, Grupo Antolin has a presence in Silao, Guanajuato; Puebla; Hermosillo, Sonora; and Saltillo and the locality of Derramadero, in Coahuila.
The Swedish Firm TitanX inaugurated its new plant at the Amistad Aeropuerto Industrial Park, in Ramos Arizpe, Coahuila, with an investment of US$10 million. This plant will produce engine cooling systems and will supply Daimler Trucks (Freightliner). Enrique Pinedo, General Manager of the new plant, said that TitanX currently has 40 job positions, but it has more than 800 jobs in six plants around the world. In addition to invest, the Company encourages its suppliers to establish in Mexico, for example, its main supplier Buffalo Company, located in Nueva York, is already set in Coahuila.
Source: Zocalo Saltillo
The Goodyear Tire & Rubber Company laid the foundation stone of its production plant located in San Luis Potosi, in which it will invest about US$550 million and will produce near of 6 million of wheels per year. According to Richard Kramer, Goodyear´s President and General Director, this plant will have the most advanced technology in Company-wide, because of the innovation processes that the factory will have, in addition to more ecological facilities, due that it will use natural gas, will operate with LED lighting and it will not generate waste through landfill sites. It is expected that the work finishes by the end of 2016 and that it will start distributing its first production by the summer of 2017. The Goodyear´s new plant will be the number 50 in the world and will create 1,000 direct jobs.
Source: El Financiero
AMI PPM of Mexico started operations at the Millenium Industrial Park in San Luis Potosi. The Company will have 100 direct jobs and it is expected to reach the 300 jobs and to generate US$500 million within the next 5 years. This Chinese firm is a Tier 1 supplier for: GM in North America, SGM in China, Mercedes Benz in Germany, Shang ai, Volkswagen, Audi, Cummins and Polaris. AMI PPM was founded in 2005 and has four companies in China, Mexico and Germany. Last year, the firm started planning the research, development, production and sale of parts and components of the powertrain for automakers of local independent brands.
Source: Cluster Industrial
EDP Renovables and Industrias Peñoles announced the construction of Eolica of Coahuila, with an investment per US$300 million. This is a wind power project that will generate about 200 megawatts of electricity, which represents enough clean energy to illuminate 300,000 homes. It is expected to start operations by the end of 2016. Joao Manso Neto, EDP's General Director, assured that Eolica of Coahuila will place the Entity on the worlds energetic map with a world-class project.
Source: El Economista
Fernando Turner, Minister of Economic Development in Nuevo Leon, pointed out that two important investment projects arrived to the Entity. One of the projects is the expansion of the LEGO firm, with an investment of US$800 million; the other one is the Hofusan's investment project, with an investment of between US$300-US$500 million for a new industrial, commercial and housing park. Currently, there is a 130-project portfolio, which would represent an estimated investment per US$3.28 billion and the creation of over 15,500 jobs, informed Minister Turner. These investments come from the U.S., Korea, Japan, China, Spain, Germany and Denmark. The automotive, manufacturing, IT, energy, construction and home appliances sectors, are the most attractive to invest in Nuevo Leon.
Source: El Horizonte
Kia Motors Mexico inaugurated its new plant, located in the Municipality of Pesqueria, Nuevo Leon, where its activities represents the 10% of its global production. A car will be produced in less than a minute at this plant and it is expected to reach a record of 300,000 units of the Forte model, per year. The Company informed that the first Forte models will be produced from November 2015 to May 2016, but the normal production will be ready by late June 2016. It is expected to reach the 100,000 produced units during its first year of operations, but it will reach the 300,000 units, representing a 10% of the production that the Company has in its 10 plants around the world. The 60% of the production in Pesqueria will be exported to the U.S., the 20% will stay in Mexico and the 20% remaining will go to Central and South America. Kia will hire about 4,000 Mexican employees to operate in the production of those 300,000 units.
Source: Cluster Industrial
Luis Jose Turon, Switzerland's Ambassador to Mexico, informed that this European country is interested in investing in Mexico, in addition to update the trade agreements between both nations, in order to develop more economic linkages. Mr. Turon highlighted that the bilateral trade amounted US$3.4 billion in 2014, quantity that has been increasing since 2001, when the Free Trade Agreement between Mexico and the Free Trade European Association took effect. The expected amount of this investment will reach the US$22 million. Currently, 18 Swiss companies operate in Queretaro, belonging to the automotive, chemistry, pharmaceutical, logistics and food industry.
Source: El Financiero