In January 2017 Ford Motors announced it would cancel its proposed $1.6bn investment in a new assembly plant for its Ford Focus model in the Mexican state of San Luis de Potosí (see analysis). International media reported that Mark Fields, CEO of Ford Motors, stated that the decision was based, in part, on the fact that falling demand for...
The liberalisation of energy is set to open up vast opportunities in Mexico’s downstream petrochemicals segment. The 2016 commissioning of the Etileno XXI petrochemicals complex in Veracruz state, a $5.2bn joint venture between Brazil’s Braskem (75%) and Mexico’s Grupo Idesa (25%), was a crucial milestone for the much-delayed expansion of the...
Recent reforms have opened up Mexico’s energy markets with the promise of greater levels of investment, more competition and stronger economic growth. For these benefits to realise their maximum potential and reach all regions of the country, it is essential that infrastructure of sufficient quantity and quality is put in place.
As part of ongoing energy reforms, Mexico’s authorities aim to reduce costs, protect the environment and develop power sector infrastructure by stimulating competition in electricity generation and transmission, while the National Centre of Energy Control (Centro Nacional de Control de Energía, CENACE) maintains control of transmission by...
San Luis Potosí’s automotive industry could hardly have asked for a worse start to 2017, but the state’s strengths have not changed, and optimism returned in a matter of weeks. Ford Motor’s withdrawal from San Luis Potosí in January 2017 meant the cancellation of a $1.6bn investment and the loss of up to 2800 jobs. However, the US company was...
The global airline industry is facing serious challenges as demand for passenger aircraft across the globe grows; US manufacturer Boeing anticipated that a further 38,050 aircraft with a total value of $5.6trn will be required by 2034. From modest beginnings at the turn of the century, Mexico has developed a multi-billion-dollar aerospace...
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