According to La Cámara Nacional el Hierro y el Acero (Canacero) Mexico ranked 15th as a world producer of crude steel in 2021 and generated 672,000 direct and indirect jobs, with an investment of $14,461 mdd in the last 10 years, that is, from 2012 to 2021. A total of 18.5 million tons of crude steel were produced in 2021, a figure that represented a reduction of -8.3% compared to the record…

Despite the crisis generated by the COVID-19 pandemic, the shortage of components and microprocessors for vehicle production, Mexico continues to offer competitive advantages compared to other countries, in addition to being one of the main manufacturing hubs worldwide, said Francisco Bautista, Ernst & Young (EY) Latin America North Advanced Manufacturing and Mobility Lead Partner. During…

MEXICO CITY - In July of this year, Gross Fixed Investment in Mexico, which represents expenditures made on machinery and equipment of domestic and imported origin, as well as construction, fell 0.4 percent compared to the same month in 2012, its third annual rate decline. The National Institute of Statistics and Geography (INEGI) informed that this result was due to the reduction of 6.6…