Monday, June 3, 2024
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Construction workers setting up the metal support rods to a building, an image to illustrate foreign investment in Mexico

Foreign direct investment in Mexico hits historic high in first quarter

Foreign investment in Mexico was $20.3B in Q1, an increase of almost $1.7B compared to the same period last year, the Economy Ministry says.

Could Mexican exports be affected by new US tariffs on China?...

The Biden administration toughened up tariffs on Chinese imports on Tuesday, which could bring both future complications and benefits for Mexico.
Microchip maker Micron Technology is based out of Boise, Idaho

Semiconductor manufacturer Micron Technology coming to Guadalajara

The new facility will be the first headquarters in Latin America for the Boise, Idaho-based Micron Technology.
Steel tubes in closeup

Brazilian steel giant Gerdau eyes new plant in Mexico

Gerdau, the Americas' largest long-steel producer, may invest up to US $600M in a fourth Mexico plant, to sell to nearshoring automakers.
Taiwanese Sinbon Electronics held a groundbreaking ceremony for their new facility in Villa de Reyes, San Luis Potosí

Taiwanese electronics company to build plant in San Luis Potosí

In addition to its new plant in Villa de Reyes, SINBON Electronics has plans to build three additional factories in Mexico over the next five years.
Coahuila Gov. Jiménez celebrates the planned investment in his state with ZC Rubber.

Chinese company ZC Rubber to invest nearly US $600M in Coahuila

Internal documents indicate the company hopes to build a tire factory in Saltillo, near the U.S. border.
A cargo ship docked in with a crane preparing to remove containers

Do new tariffs mean Mexico is bending to US pressure on China?

President López Obrador's decree imposed tariffs ranging from 5% to 50% on over 500 foreign products, mainly impacting Chinese imports.
BYD electric vehicle on display

Reuters: Mexico yields to US pressure on incentives for Chinese car makers

Reuters quoted officials who said no federal incentives are on offer to Chinese electric vehicle (EV) makers as they look to build plants in Mexico.
Empty industrial space

Guadalajara ramps up construction of industrial space to meet nearshoring demand

Nearshoring is driving an industrial real estate boom in the Guadalajara area, where 102,000 square meters of new space became available in Q1.
A Mexican electrician holding a digital monitor in front of a geothermal system

Opinion: Why Mexico needs a nearshoring strategy

To become Latin America's nearshoring star, Mexico must not make dangerous assumptions, says economist Ana Bertha Gutiérrez.
A Volvo truck driving down a highway

Volvo to build truck manufacturing plant in Mexico

The United Auto Workers (UAW) labor union in the U.S. said it was "extremely disappointed" by the news.
North American leaders at the 2023 North American Leaders' Summit

Opinion: 4 key opportunities for the North American economy

In 2026, all eyes will be on North America. Pedro Casas says these are the opportunities to seize to become a united, trusted and coordinated region.
Data center

Mexico moves up in global commercial services exports ranking

Mexico's commercial services exports, which includes financial, telecommunications, transport and tourism-related sectors, were worth US $52 billion in 2023.