The Secretariat of Economic Development (Sedeco) of San Luis Potosi announced the growth of the aerospace sector, which has driven foreign investment in excess of $130 million dollars.The head of Sedeco Jesus Salvador Gonzalez Martinez, said that investment in the aerospace industry grew 127.7 percent, reflecting the confidence of companies in this region of the country.Currently, five companies…
Baja California Sur's industrial activity grew 11.6% during May 2024, placing the state as the fifth fastest-growing in the country, according to the Monthly Indicator of Industrial Activity by State (IMAIEF).The increase reflects the prosperity of the manufacturing industry through various sectors such as electronics, electrical, automotive, aerospace, and logistics, as well as evidence of the…
CIIT's economic development plan includes the construction of 10 industrial parks to attract investment from 11 industrial segments: electrical and electronics, semiconductors, automotive, medical devices, pharmaceuticals, agribusiness, power generation, and distribution equipment, prioritizing clean energy, machinery and equipment, information technology, metals, and petrochemicals.It intends to…
The nearshoring phenomenon has strengthened the commercial relationship between Mexico and the United States, reconfiguring the industrial and commercial markets.This process has boosted the growth of industrial parks in Mexico from 273 in 2019 to 460 by the end of 2023, representing a 70% increase in just four years. This accelerated growth implies a higher energy demand, which currently stands…
From May 18-25 2024, Missouri Governor Mike Parson and First Lady Teresa Parson traveled to Italy for an international Trade Mission.According to a release from Parson, Italy is a top source of foreign direct investment and a key trade partner for Missouri, with more than $169M in exports in 2023.Consistent with Gov. Parson’s infrastructure and economic development priorities, the goal of 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…
The aerospace industry in Mexico has positioned itself in recent years as a strategic cluster for the country's economic development, currently operating in the country 267 companies that employ 34,000 workers in the manufacturing productive sector, located in 18 states.
In an interview with Mexican Business Web, Carlos J. Bello, general director of the Mexican Federation of Aerospace Industry(…