Smart Planet - U.S. companies looking to outsource IT services and business processes are increasingly eyeing Latin America, and Mexico in particular. It’s “near shore” versus "offshore." Mexico has become increasingly competitive in the past five years.
Sentido Comun - CH Industries said its subsidiary Acertam is opening a steel plant in the municipality of Rio Bravo, Tamaulipas, with an investment of $350 million to produce steel bars, billets and pipes for construction, automotive and oil industries.
Sentido Comun - Ferrero, the Italian chocolate maker, said it will invest $190 million to build a manufacturing plant in San Jose Iturbide, Guanajuato. The factory, which will employ 500 workers, will produce Nutella and Kinder products.
Reuters- Mexican industrial output rose more than expected in December as factory production increased, figures showed on Monday. Output rose 0.9 percent in December from November, the biggest monthly gain since September.
InSight - Despite rising crime in northern Mexico, large US companies have continued to invest billions in the region, reports the Houston Chronicle. Close to 2 million workers are still employed in 5,500 US-owned factories.
Sentido Comun - Siemens has opened a new manufacturing plant in Zapopan, Jalisco, to manufacture starters for electric motors and control components for industrial electrial processes. The company expects to generate about 150 jobs.
The Morning Journal - Invacare is moving production of its Solara manual wheelchairs to Invamex, an Invacare manufacturing facility in Reynosa, to better respond to violations of FDA regulations, the company said.
El Universal - The auto parts industry said that the sector created 600,000 jobs and generated $65 billion in both domestic production and exports during 2011, while acknowledging that a downturn will affect production this year.
fiber2fashion - The textile and garment sector of Mexico is likely to experience a difficult phase during the initial months of 2012, according to experts. At the beginning of 2012, Mexico’s textile and garment industry has 5 percent fewer companies.
Just-style - Mexico's rising trade in contraband and fakes continues to rile the textiles and apparel industry, forcing 200 factories to close this year, according to leading apparel industry association Canaive.