EFE - Queretaro Gov. Jose Calzada said he plans to discuss seven aviation investment projects worth $150 million with companies during the 2013 Paris Air Show. The firms include Bomardier and Eurocopter, which already have operations in the state.Manufacturing
Mexico's AHMSA and S. Korea's POSCO eye venture
Reuters - Mexican steelmaker Altos Hornos de Mexico, or AHMSA, and South Korea's Pohang Iron and Steel Company (POSCO) are evaluating a joint mining venture to provide Mexican iron ore to the Korean steelmaker, AHMSA said.
www.reuters.com/article/2012/02/08/mexico-steel-idUSL2E8D8HQW20120208
Akebono brake plans $2.5 billion factory in Guanajuato
Sentido Comun - Japanese company Akebono Brake announced plans to open a new brake factory in Mexico, tentatively in the state of Guanajuato, with an initial investment of $5.20 billion.
Nokia to cut 4,000 jobs in Finland, Mexico, Hungary
Forbes - Nokia this morning announced that it will cut 4,000 jobs at factories in Hungary, Mexico and Finland as part of an ongoing review of its smartphone manufacturing operations intended to boost the company’s competitiveness in the global market.
www.forbes.com/sites/ericsavitz/2012/02/08/nokia-cutting-4000-jobs-in-hungary-mexico-finland/
HELLA Lighting plans expansion in Irapuato
PRNewswire - HELLA Lighting plans to break ground on a new 215,000-square-foot facility to produce automotive headlamps and rear lighting systems in Irapuato later this spring. The new plant is scheduled to open in June 2013.
www.marketwatch.com/story/hella-lighting-plans-further-expansion-in-mexico-2012-02-07
Despite crime, U.S. companies investing in Mexico
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.
insightcrime.org/insight-latest-news/item/2177-mex-investment
Mexico extends R&D grant programs
mfrtech.com - Mexico continues to extend research and development grant programs to provide direct tax cash subsidies to manufacturers for qualified R&D projects. The filing deadline for the incentive is March 9, 2012.
www.mfrtech.com/articles/23343.html
Aquaviridis and OriginOil form venture in Mexicali
Bioenergy insight - Algae producer Aquaviridis has joined forces with OriginOil to develop a new technology that extracts oil from the algae and will develop this multi-phase production at its Mexicali site in Mexico.
Chrysler de Mexico reports strong start to 2012
3D-Car-Shows - Chrysler de Mexico reported January 2012 sales of 7,516 units, a 4 percent increase compared with sales in January 2011. The Jeep Compass posted a gain of 201 percent year-over-year.
3d-car-shows.com/2012/chrysler-de-mexico-reports-strong-start-of-sales-for-january-2012chrysler-de-mexico-posts-a-monthly-sales-increase-of-4-percent/
Peso strengthens amid optimism for U.S. manufacturing
Bloomberg - Mexico’s peso advanced the most in two weeks as speculation that manufacturing growth is quickening in the U.S. boosted the outlook for the Latin American country’s exports. The peso rose 0.8 percent to 12.9408 per U.S. dollar.
Siemens opens manufacturing plant in Zapopan
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.
