Industry

What makes Mexico a popular investment destination for the global automotive industry, and how can this position be consolidated?

Nuevo León’s success in metal manufacturing began in the 19th century. Compañía Fundidora de Fierro y Acero built Latin America’s first foundry in Monterrey in 1903. After World War II the manufacturing sector, spearheaded by local metal producers such as Frisa and Deacero, as well as auto parts suppliers like Grupo Alfa, began laying a robust...

With exports averaging a 15% annual growth rate over the past decade, Mexico is positioning itself as a global leader in the aerospace industry. According to US aircraft manufacturers Boeing, the number of commercial aircraft around the world is expected to double by 2035, translating into strong demand for manufacturing. This, in addition to...

While renegotiations of the North American Free Trade Alliance (NAFTA) have led to an environment of uncertainty for Mexican industry, the automotive sector remains solid and on track for further development driven by rising vehicle production, local sales and export demand. As the world’s seventh-largest manufacturer and the third-largest...

The aviation sector is experiencing rapid growth worldwide, propelled by booming tourism industries, lower air fares and the push for greater connectivity in an increasingly globalised economy. Middle-class expansion has also spurred the rise of air travel, as more people are able to afford flights for holidays or business-related travel....

Over the past decade, commodities have experienced a bumpy road across the board. The fall in global prices in 2012 followed by the newly imposed royalty tax in 2014 and an increasingly unpredictable security situation in many of Mexico’s northern states severely impacted the industry. However, a spike in commodities prices throughout 2017 and...