#Mexico is now the 12th largest economy in the world, according to International Monetary Fund (IMF) GDP projections for 2023, an improvement of two positions compared to last year. mexiconewsdaily.com/business/mexic…
#Mexico #Trade #NearShoring #Shift #opportunities #NewEraOfTrade Mexico is positioned. The Federal Reserve Bank of #Dallas reported that #Mexico has officially replaced China as America’s top trade partner. dallasfed.org/research/econo…
#Mexico #NearShoring Why Chinese companies are flocking to Mexico #ConstructionEquipment China’s #LingongMachineryGroup, which makes diggers & other construction equipment, would build a factory that it estimates will generate $5B dollars in investment. #SolarPanels Made in Mexico. No tariffs. #TrinaSolar, a solar-panel manufacturer, said it would invest up to $1B in the state. Both companies & their corporate compatriots can now find a home away from home at Hofusan, a Chinese-Mexican industrial park in #NuevoLeón. economist.com/business/2023/…
#USMCA What Is Nearshoring? The goal of nearshoring is to bring outsourced production centers closer together & eliminate the inefficiencies caused by long distances & time differences between continents, which frequently disrupt business processes as part of the supply chain. ilscompany.com/what-is-nearsh…
#Mexco #NearShoring USMCA. Watch Miguel Cortina from MotorTrend briefly speak on Chinese auto makers moving to Mexico for the “ Made In Mexico” stamp as a means to work around the U.S. / China tariffs by using the USMCA agreement. Miguel released an investigational report titled “ China’s Big Bet on Mexico”. Link: dailymotion.com/video/x8oqe9j Video Link. youtu.be/3IbCpV1Q3I4?s
#Mexico is offering large tax breaks to a swath of industries. The incentives cover 10 sectors, including #semiconductors, electronic components, #batteries, motors, #fertilizers and #pharmaceuticals. #Mexico establishes tax incentives for companies looking to relocate to any part of Mexico,” #Mexico seeks “to boost investments from the #nearshoring phenomenon.” Large Tax Breaks for investments in fixed assets will be available until the end of 2024, with benefits ranging from 56% tax relief to 89% on those investments. bnnbloomberg.ca/mexico-offers-…
#Mexico #Aerospace Sector. #defenseContractors $RTX $SAFRY $TXT $LMT $HON $BAESY trade.gov/country-commer… According to FEMIA estimates, Mexico’s aerospace sector grew from 100 manufacturing firms & organizations in 2004 to 368 by mid-2022: 79% Manufacturing 11% Engineering 10% Maintenance-Repair-Overhaul Facilities #Aerospace firms moved to new industrial parks in northern border cities to maximize ‘maquila’ cost savings and efficiency. The industry currently has a presence in 20 of 32 Mexican states. #LongTermPresence Collins Aerospace (1969, formerly Rockwell Collins and now part of #RaytheonTechnologiesCorp) #SafranGroup (1991), Labinal (1996, now part of Safran). Beechcraft (2007, a division of #Textron). Major Global Aerospace Firms have been in the region since the beginning including: #Gulfstream (28 years) Rockwell Collins (48 years), #Chromalloy (38 years) #Honeywell (31 years). #defenseContractors Major international and US #defense contractors such as: BAE Systems Lockheed Martin Delphi, established operations in Mexico during the late 80’s & early 90’s. co-production.net/manufacturing-…
#Mexico #Growth #NearShoring #GeoPolitics #Logistics #AI_Logistics #Machine_Learning_Logistics #TechNews #manufacturing #LaborCosts JP Morgan CEO Jamie Dimon discusses the #opportunities he sees in #Mexico WATCH! Bloomberg. #KeyPoints 📍#CriticalMarket for JP Morgan. 120 years. Total 6,000 employees. bankrolling 1,300 companies. 📍#USMCA Deal Reaffirmation should start Now. 📍#NearShoring Huge Opportunity. Strategic supply chain hub in GeoPolitical Global strife. 📍#Infrastructure It’s already existing. Not an issue with infrastructure. Highlights security need’s solutions. 📍#Opportunity in NearShoring. Huge mexico market cap opportunity: Mexico GDP $1.2T , Market Cap $400B. Existing #TechHub has room for growth. youtu.be/uV0yDgT3YFg?si…
#Mexico's government on Friday ordered state energy company #Pemex to immediately take temporary control of a privately-operated hydrogen plant located inside one of its largest refineries. Citing the Mexican Constitution, the decree stated that the hydrogen plant should be occupied "immediately" by TRI, the refining arm of Pemex. #Mexico did not specify how long the occupation would last nor how the French company would be compensated. Air Liquide and Pemex did not immediately respond to a requests for comment. reuters.com/business/energ… Earlier this year, the Mexican government shook investors when it took over part of Grupo Mexico's #railway. The government said it would compensate the owners for what it called the “temporary occupation” of the #railway run by a Mexican company, Grupo Mexico Transportes. apnews.com/article/mexico…
#Mexico #NearShoring #ETF #Index #New The #NearShoringETF was launched on the US market with a price of $20 per share. It is based on an index designed by #Aztlan, based on #algorithms & #ArtificialIntelligence, which take into account its fundamental analysis methodology. The #ETF identified five main areas of exposure to the nearshoring phenomenon. 1.Industrial real estate. 2.transportation & #logistics. 3.Storage & logistics. 4.transportation infrastructure. data centers. #USMCA Among its components are shares of companies from the three countries that make up the T-MEC trade agreement (Mexico, the United States and #Canada). #Aztlan detected 70 companies that benefit from nearshoring, and, based on criteria such as profitability and attractive valuation, selected 30 to integrate its index. 10% Mexico Companies 🇲🇽 23% Canada Companies 🇨🇦 67% U.S. Companies. 🇺🇸 eleconomista.com.mx/amp/mercados/E… $TSLA $AAPL (San Diego) $F $MDX $GM $TSMC (Courted) $TX $CENN $PEP $COKE #PharmaTycsa #SolarEverGroup $BMWYY $NJDCY $MAWHY #ZFGroup $BABA $TM $NNCHY $MZDAY $WHR #LG #SAMSUNG $AMZN #DAEWOO #DongkukSteel $JBL #BOSCH $HEINY $ALSSF $PLLIF $WMT $HD $DIDIY $MELI #ATIO #DefenseContractors $RTX $SAFRY $TXT $LMT $HON $BAESY
#Mexico #NearShoring #USMCA $FRGT $CAMP $OMQS $CRGO $PWFL $MIXT (pending merger). #TIRES #TIRES #SailunTire announced it is building its first North American tire manufacturing facility in Guanajuato, Mexico. joint venture agreement between Sailun Singapore, & TD INTERNATIONAL HOLDING, S.A.P.I.DE C.V in Mexico. $240M facility is scheduled to open by the end of 2024. production expectation of 6 million semi-steel radial tires annually. prnewswire.com/news-releases/… #LogisticsPark New logistics park begins construction along Texas-Mexico border: Panattoni Development Co. & Hunt Co. commercialsearch.com/news/pccp-jv-t… #DigitalTaxes The Mexican government announced it is indefinitely postponing the start of enforcement of the Carta Porte Complement (CCP) a digital tax document issued to shipments aimed at protecting the transfer of legitimate goods across Mexico. Enforcement of the CCP was set to begin after Jan. 1. It’s the seventh time over the past three years the Mexican government has postponed the controversial measure. #MedicalHighVolume #Production Forefront Medical Technology to Open Mexico Manufacturing Facility in Juarez, Mexico, enabling shipments to the United States within 24-48 hours of leaving factory grounds. The facility is projected to be 68,000 ft2 & will offer injection molding, extrusion, clean room assembly and packaging, and automated high-volume production. mddionline.com/manufacturing/… $HPE HP is working with suppliers to shift production of millions of consumer and commercial laptops to Thailand and #Mexico. the top U.S. computer maker's first substantial move to #diversify its personal computer supply chain #beyond China. asia.nikkei.com/Spotlight/Supp… $DE #NearShoring John Deere moving cab #manufacturing from Iowa to #Mexico, new program coming. The cab move will occur in incremental phases with a completion date set for 2024. #BobCat Bobcat Expands Global Manufacturing Footprint with Plans for New Facility in Monterrey, Mexico. bobcat.com/na/en/company/… $VAPO #OTCQX Vapotherm Inc. is moving manufacturing operations to Mexico. nhbr.com/vapotherm-inc-…
#MEXICO 80% Tariff on Chinese Steel. Mexican Government Takes On Chinese Steel Exporters. $CLF $RS $STCN $STLD $SPLP $ASTL $WS $ZEUS $X $RDUS $NPSCY Mexico announced a nearly 80% #tariff on some #Steel imports following criticism from local producers that Chinese #Steelmakers have strangled their production. nasdaq.com/articles/mexic… Trade Tensions Escalate As Mexico Targets #Vietnamese #Steel Imports. 2024 may have started off on the wrong note for Vietnam, as this Mexico recently imposed a massive entry tariff of up to 80% on imports of certain steel products. oilprice.com/Metals/Commodi…