The Italian polymer processing machinery industry is set to experience a 9% year-on-year decline in 2024, according to recent data released by the trade association Amaplast. Sales in 2024 are expected to reach approximately €4.35 billion, a decrease from the record €4.80 billion reported in 2023.This decline is largely attributed to a drop in export value, which fell by 9.4% from €3.59 billion…
In recent years, Mexico has experienced an increase in foreign investment in the development of industrial parks, driven by the nearshoring trend. According to a study by the consulting firm RCPH Servicios, between January 2023 and November 2024, China has led these investments with an approximate amount of 5 billion dollars, surpassing domestic investment and other countries such as Australia…
Despite the crisis generated by the COVID-19 pandemic, the shortage of components and microprocessors for vehicle production, Mexico continues to offer competitive advantages compared to other countries, in addition to being one of the main manufacturing hubs worldwide, said Francisco Bautista, Ernst & Young (EY) Latin America North Advanced Manufacturing and Mobility Lead Partner.
During…
The country's capital was the main consumer of hybrid and electric vehicles in Mexico at the end of 2021, since of the 47,079 units sold with these technologies in the January-December period last year, 23.5% were sold in the CDMX, according to figures published by the Mexican Association of the Automotive Industry (AMIA).
Based on the Administrative Registry of the Automotive Industry of Light…
February was a month of mixed results for the automotive industry, on the one hand, with an increase in domestic production, but also a continued drop in exports, Inegi reported on Friday.
In the second month of the year, 240,479 vehicles were manufactured in the country, which represented an increase of only 0.66 percent with respect to the same period last year, thus reversing a seven-month…
The possibility of a new crisis in the automotive industry in Mexico, not only in Coahuila, was warned by Tereso Medina Ramírez, who pointed out that he does not want this to lead to the dismissal of workers, but that there could be technical stoppages as happened during the pandemic.
The state leader of the CTM in Coahuila pointed out that the situation that could cause this new alarm in the…
With an investment of more than US$17 million, the new Magneti Marelli plant started operations in Ramos Arizpe, Mexico.
These structures, the fourth project installed by the company in the northern state of Coahuila, will generate 250 jobs.
During the inauguration ceremony, Governor Miguel Ángel Riquelme pointed out that the new plant dedicated to the production of components for the…
Mexico reached a record share of the U.S. automotive import market in 2021, according to data from the Department of Commerce (DOC).
Mexico's automotive exports to its northern neighbor totaled 128.622 billion dollars in 2021, an increase of 13.9% at an annual rate.
The United States represents the largest automotive import market in the world and Mexico and Canada are among its main suppliers…
With 62 projects and 1,093.17 million dollars in investments, the Bajío region (Aguascalientes, Guanajuato, Querétaro and San Luis Potosí) continues to be the automotive zone with the greatest movement and dynamism in the country. In 2021, the Bajío recovered 17,643 jobs and accumulated more than 2.8 million square meters of construction of automotive plants and new industrial park projects for…
In the first half of 2018, the export of automobiles assembled in Mexico grew by 10.5% compared to the same period last year, for a total increase in vehicle production equal to 6.4%. The data, published by AMIA (Asociacion Mexicana De La Industria Automotriz), does not take into account the activities of Japanese maker Nissan. The reason for the growth, explains AMIA's President Eduardo Solis,…