Reuters - Mexican industrial output posted a surprise month-on-month drop in May as manufacturing slowed, but indications that activity has picked up since then underpinned expectations the central bank will hold interest rates steady for now.
Industry Week - Siemens Mesoamerica Chief Executive Louse Goeser touts Mexico's educated workforce as one of the reasons the country could replace China as a preferred U.S. sourcing location.
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.
PRNewswire - Ellison Surface Technologies Inc. plans to open a new thermal spray coating and special process facility to serve the growing aerospace and industrial gas turbine manufacturing cluster in Sonora.
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.
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.