Bloomberg - Delta Air Lines Inc. and Grupo Aeromexico said they will build a maintenance, repair and overhaul center in the central Mexican state of Queretaro, bolstering the region’s growing aerospace industry.
Reuters - Mexican manufactured exports dipped in June, adjusted for seasonal swings, for the second straight month as a global slowdown weighed on demand. Slowing job growth in the United States might be crimping demand for Mexican exports.
McClatchy Newspapers - More than 260 aerospace companies now operate in Mexico, exporting some $4.3 billion in aircraft and parts last year. The Mexican government has set a target of $12 billion in such exports by 2020, which would surpass Brazil and Spain.
PR Web - Korean automotive leader Hyundai announced investment in a new $131 million aluminum die casting plant in Tijuana, adding nearly 300 new jobs to the company’s current base of 2,300 employees.
Auto World News - Japanese automaker, Nissan officially began construction on its third manufacturing complex in Aguascalientes. The complex is the second in the state. It will produce 175,000 compact vehicles per year and create 3,000 jobs.
4-traders - Air Liquide announces a new investment in northern Mexico to build a new Air Separation Unit (ASU) and a Steam Methane Reformer (SMR) in Pesquería, Nuevo León, to supply nitrogen and hydrogen to steel manufacturers Ternium and Tenigal.
Leicester Mercury - JJ Churchill, which manufactures turbine blades for aero engines and gas turbines, is building a new plant in Mexico in an agreement with Mexican partner company, The Offshore Group.
Reuters - Mexican industrial output rose in April from March, helped by solid factory production that backed expectations for policymakers to leave interest rates steady through next year. Production jumped nearly 0.7 percent from March.
Financial Times - Mexico remains a far more popular destination than the United States for “reshoring” manufacturing to supply North American demand, according to research by a global business advisory firm.
Globe and Mail - Ski-Doo maker Bombardier Recreational Products Inc. is trimming 8 percent of its work force as it shifts more of its production work to a new plant in an undisclosed location in Mexico.