Compared to three other sectors selected as strategic by Hidalgo’s state government, the chemical-pharmaceuticals sector has additional room to grow in terms of the aggregate amount of investment that has arrived during the tenure of this administration.
A number of factors bode well for Mexico’s industrial sector. Cheap labour costs, proximity to the US market and improving human resources have attracted global firms. Additionally, as trade tensions between the US and China show no signs of abating, multinationals are now looking to move manufacturing to Mexico in order to maintain ties to the US market and avoid additional...
With the state capital, Pachuca, just 90 km north of Mexico City, Hidalgo’s location has long been a draw for investment. Economic growth in the country’s capital has attracted even more attention to the central state as it is the only flat territory that Mexico City and its suburbs can expand to. Its strategic location has brought transport and logistics infrastructure, as...
Small and medium-sized enterprises (SMEs) are the engines of global economic growth and employment, accounting for an average of 33% of GDP and 45% of the workforce in high-income countries, and over 60% of GDP and 70% of employment in developing economies. In the case of the latter, the rise in the number of SMEs has been crucial to economic diversification and resilience,...
The mining sector is one of the longest-operating industries in Mexico, extending back almost 500 years. According to the Mining Chamber of Mexico (Cámara Minera de México, Camimex), the country was the world’s number-one producer of silver, the seventh-largest producer of copper and the ninth-largest producer of gold in 2017, and responsible for 1.7% of the world’s output of...
The potential of Hidalgo as an industrial hub is hardly a new discovery, stemming back to the 1950s when the manufacturing city of Fray Bernardino de Sahagún in the southern municipality of Tepeapulco was founded as part of a federal government initiative to house the Mexican automotive producer National Diesel, also known as DINA, and national rail construction company...
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