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.
Bloomberg - Mexico’s production and exports of cars and light trucks both rose to record highs for the first five months of the year.
From January to May the country produced 1.15 million units, 12.5 percent more than the year-earlier period.
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.
Tyrepress.com - Pirelli inaugurated its new $300 million factory in Mexico, the company’s first facility in the country and 22nd worldwide. The plant will focus on producing performance tires for the premium passenger car and 4x4 segment.
Reuters - Mexican gross fixed investment was essentially flat in February but the index was higher in year-ago terms for the lagging indicator of industrial sentiment. Spending on machinery, equipment and construction was up 11.7 percent.
Detroit Free Press - Chrysler said it will keep four plants in the United States and Mexico running through July without observing the traditional two-week summer shutdown and has begun production of the Dodge Dart in Belvidere, Ill.
Industry Week - Looking to strengthen its collaboration with key suppliers in a region widely recognized as the leading aerospace industry cluster in Mexico, Rolls Royce will open a new supply chain office in Guaymas, Sonora, Mexico.
Associated Press — Mexican cement giant Cemex says it pared its losses to $26 million in the first quarter of 2012 compared to a $229 million loss in the same time period last year. Sales increased in the first quarter to $3.5 billion.