According to the Jalisco Furniture Manufacturers Association (Afamjal), Mexico is a leading furniture exporter, ranking 5th in the furniture and mattress industry worldwide, surpassing countries such as the United States and Canada; in addition, the furniture industry is the sixth largest manufacturing export category in Mexico, which demonstrates its importance and competitiveness in the…
When a multinational seeks to set up a store in Mexico to expand its business to export to the United States, it also has to gauge the costs of the move.The most important thing for companies that decide to make large long-term investments in the country is the rule of law and the long-term visibility of the economic, political, and legal environment in Mexico, political transition and effective…
Foreign Direct Investment (FDI) arrivals to Mexico registered a 7.2% inter-annual growth, to 31.1 billion dollars in the first semester of 2024, informed the Ministry of Economy.Of this total, 30.288 billion dollars correspond to reinvestment of profits, 909 million dollars to new investments, and -101 million dollars to intercompany accounts.New investments refer to FDI flows associated with…
The Mexican Chamber of the Construction Industry (CMIC) expects the sector to grow between 3 and 5 percent by the end of this year, attributing a 1.6 percent expansion in the sector's investment to the economic phenomenon of nearshoring.About this factor, it is estimated that 40 percent of domestic construction companies have already benefited from this phenomenon.Other sectors with increases…
In March 2024, with seasonally adjusted figures, the states with the strongest monthly growth in industrial activity were Durango, Oaxaca, Tamaulipas, Aguascalientes, and Mexico City.At annual rate and with seasonally adjusted series, the states with the most significant increases in their industrial production were Quintana Roo, Durango, Hidalgo, Oaxaca and Yucatan.These increases underscore the…
The construction sector has shown great progress so far in 2024, being favored mainly by civil engineering works, followed by building works, and in third place by specialized works.There has been a notable increase in the demand for infrastructure, mainly energy, industrial buildings and parks, storage warehouses, and distribution or logistics points in the country, greatly favoring the…
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…
The plant of more than 33,500 square meters will employ approximately 1,500 people and will manufacture automotive seating structures, instrument panels and center consoles.
The new facility features bioclimatic principles to optimize energy efficiency, which will further the Group's commitment to achieve carbon neutrality by 2045. The 33,500-square-meter plant will employ approximately 1,500…
The companies present in this pavilion will be able to make their brand known, establish individual relationships with buyers from Latin America and make contact with the main associations in the sector.
Glasstech Mexico, focused on machinery and accessories for flat and hollow glass, as well as finished products (windows, doors, and aluminum items), represents an opportunity to meet the…
The undersigned office, ICE-Agency Chicago USA by a special selection process has awarded WTWH Media, a leading publisher of magazines specializing in industrial technology with which engineers and manufacturing professionals from all over North America collaborate, the task of editing the next edition of Machines Italia Magazine (henceforth also referred to as the magazine).
The magazine is…