Mexico could receive additional investments soon
Mexico could receive a couple of announcements from two Asian companies who have not established a manufacturing complex in the country yet, new plants to be established in the country, but it is increasingly less probable, because the most recognized brands competing for the U.S. and European market are already settled in the country. However, a good possibility could be that new brands come to Mexico through a joint venture with an OEM already established, before establishing a plant by their own.
Mexico, in the global innovation index
Mexico is positioned in the 57th place in the Global Innovation Index 2015, made by the University of Cornell, which means ranking nine places above compared to last year when the country ranked the 66thposition. The Global Innovation Index is developed by the University of Cornell; the INSEAD business school and the World Intellectual Property Organization (WIPO). The study examines the effective innovation policies for the development that expose new methods that can be applied to encourage innovation and promote growth.
Business investments in Mexico
Bosch opens new plant in the state of Mexico
This Bosch’s new plant will manufacture water heaters for domestic use and it is expected to reach a production of 660,000 heaters annual. This production plant will generate 100 jobs by 2016. Bosch arrived to Mexico ten years ago, but this is the first time that the Company inaugurates a plant dedicated to thermo-technology in the Americas. These water heaters allow savings of up to 78% in gas consumption, boosting even more the energy reform in Mexico, by achieving a more efficient consumption by individuals and companies for better environmental protection and greater savings.
Audi Mexico inaugurates new plant in Puebla
Audi Mexico inaugurated its bodywork plant in San Jose Chiapa, Puebla, creating more than 220 employees. The plant has about 600 robots that will produce the SUV Q5 by the second half of 2016. Alfons Dintner, President of Audi Mexico, explained that they use the Safe Range Monitoring system that increases security, making that a robot stops when it detects a person in its surroundings. This plant, that received an investment of US$1.3 billion, will occupy an area of 70,000 square meters and will generate 3,800 jobs.
Source: El Economista
Kia’s suppliers invest in Coahuila
Two new Korean investments will arrive to Torreon, Coahuila within the next two months, with the establishment of two Tier 1 suppliers of the Kia Motors plant, said Eugenio Treviño, President of the National Chamber of Industry (Canacintra) in Torreon. These two companies will generate about 3,000 jobs. Recently, Yura Corporation invested US$78 million to provide Kia with harnesses production, generating 4,000 jobs in La Laguna. The State of Coahuila is the third automotive export entity in Mexico and the second most important Kia´s supplier.
Source: Cluster Industrial