Business Wire - Steel Technologies has secured land in the municipality of Celaya to construct its recently announced flat-rolled steel processing operation. Construction begins this month, and the facility is expected to be operating by the end of the year.
Plastics News - Austrian injection press and auxiliary equipment maker Wittmann Battenfeld is expanding its Mexico headquarters, adding a technical and training center to keep pace with an expanding business portfolio.
Dow Jones - Ford Motor Co. will invest $1.3 billion in its Mexico operations in Hermosillo to build the new generation of one of its most-popular models, the midsize Ford Fusion, company officials said Friday.
Sentido Comun - The National Council of Maquiladora and Export Manufacturing expects the industy's exports to grow about 12 percent in the first quarter. Last year, manufactured exports generated more than $170 billion.
Reuters - German carmaker Volkswagen said that output at its Mexican plants would likely rise 20 percent in 2012 compared with 2011 as U.S. demand exceeds capacity. The company expects to produce 615,000 vehicles this year.
ABR - Honda de Mexico has started construction of its new vehicle production plant in Celaya, Guanajuato, Mexico. Honda Fit subcompact will be the first model to roll out of the new facility, which is expected to start operations in 2014.
Bloomberg BusinessWeek - Investment for new automobile projects in Mexico will total $15 billion over the six-year term of President Felipe Calderon, which ends later this year, the Economy Ministry said on its website.
BloombergBusinessWeek - Nissan Motor Co., Japan’s second-largest carmaker, might accelerate plans to expand in Brazil after Latin America’s biggest automobile market decided to scale back imports from Mexican factories.
Reuters - Mexico will oppose Argentina if it tries to scrap a bilateral auto accord and even take the issue to the World Trade Organization if the dispute escalates, Mexico's economy minister said on Wednesday.
Latin American Herald Tribune - Mexico’s imports of Chinese-made shoes climbed 151 percent in January, a month after compensatory quotas on those consumer goods expired. Mexican shoe manufacturers have asked for an analysis of "possible safeguards."