Manufacturing

Manufacturing

Mexichem eyes $1 billion cracker venture

Reuters - Mexican industrial conglomerate Mexichem said on Thursday it is eyeing a $1 billion venture with Occidental Chemical Corp, known as Oxychem, to build a cracker that would be fully operational in 2016.

in.reuters.com/article/2012/08/16/mexico-mexichem-idINL2E8JG54E20120816

Manufacturing cools in July as slowdown weighs in

Reuters - The pace of growth in Mexico's manufacturing sector slowed slightly in July as factories depleted supplies for new goods amid a slowdown in global growth, a survey showed.

in.reuters.com/article/2012/08/01/mexico-economy-pmi-idINL2E8J105K20120801

Mazda drops plans to export cars from Mexico to Brazil

Reuters - Mazda Motor Corp. has abandoned its plan to ship automobiles to Brazil from a plant it is constructing in Mexico due to the South American nation's new import restrictions. Instead, the automaker plans to begin local production in Brazil by 2014.\

in.reuters.com/article/2012/07/30/mazdamotor-nikkei-idINL4E8IU5L720120730

Mexico posts June trade surplus, but some see slowing

Dow Jones - Mexico posted a solid June trade surplus on record auto exports, with falling petroleum imports and exports mostly balancing each other out, but analysts saw nonauto weakness as a sign that the U.S. slowdown could hit Mexico harder.

online.wsj.com/article/BT-CO-20120726-717928.html

Mexico factory exports dip in June for second month

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.

www.reuters.com/article/2012/07/26/mexico-economy-idUSL2E8IQ31320120726

Chevrolet says new Mexico factory will make Trax

Reuters - U.S. carmaker General Motors Co. said it would build the Chevrolet Trax vehicle and a new generation of pickups at plants in Mexico. The Detroit-based company is investing $120 million in a plant in San Luis Potosi to produce the SUV crossover.

in.reuters.com/article/2012/07/19/gm-mexico-idINL2E8IJFGD20120719

Mexico takes flight as hub for aerospace industry

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.

www.miamiherald.com/2012/07/18/2901420/mexico-takes-flight-as-hub-for.html

Hyundai is setting up die casting plant in Tijuana

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.

www.virtual-strategy.com/2012/07/16/hyundai-translead-set-new-aluminum-die-casting-plant-tijuana-mexico

Industrial output posts surprise monthly drop

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.

in.reuters.com/article/2012/07/12/mexico-industrialproduction-idINL3E8IC3AU20120712

Siemens exec touts Mexican workforce over China

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.

www.industryweek.com/articles/mexico_works_for_siemens_division_chief_27813.aspx

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