Manufacturing

Manufacturing

JJ Churchill to make aero gas turbines in Mexico

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.

www.thisisleicestershire.co.uk/Aerospace-firm-expands-Mexico/story-16477370-detail/story.html

April industrial output rises, led by factories

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.

in.reuters.com/article/2012/06/11/mexico-economy-idINL3E8HB5PM20120611

Auto output, exports hit record in first five months

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.
www.businessweek.com/news/2012-06-11/mexico-auto-production-increased-2-dot-8-percent-in-may-amia-says

Mexico most popular for "reshoring" manufacturing

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.

www.ft.com/intl/cms/s/0/ec164996-ad23-11e1-bb93-00144feabdc0.html#axzz1wpTlMQWf

Ski-Doo maker is moving production to Mexico

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.
www.theglobeandmail.com/globe-investor/ski-doo-maker-moves-quebec-jobs-to-mexico/article2448648/

Pirelli opens tire factory in Guanajuato

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.

www.tyrepress.com/News/25434.html

Gross fixed investment rises year-on-year

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.
www.reuters.com/article/2012/05/08/mexico-investment-idUSL4E8G87O020120508

Four Chrysler plants to skip summer shutdown

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.

www.freep.com/article/20120503/BUSINESS0103/205030510/Four-Chrysler-plants-to-skip-summer-shutdown-to-meet-sales-demand

Rolls Royce sets up supply chain center in Sonora

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.

www.industryweek.com/articles/rolls-royce_sets_up_supply_chain_office_in_mexico_27225.aspx

Cemex pares 1st quarter loss to $26 million

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.
www.washingtonpost.com/business/mexicos-cemex-pares-1q-losses-to-26-million-on-4-pct-sales-increase/2012/04/26/gIQAy121iT_story.html

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