Business associations and chambers are seeking government support with the updating of the drainage network system With the arrival of the new Mazatlán Urban Development Program, which is about to be published by the municipal government, the city must grow in an orderly manner. Therefore, developers must comply with the construction regulations, said the president […]
China’s BYD expects to create 10,000 jobs at its plant in Mexico
The CEO of the world’s largest electric car manufacturer in Mexico gives more details of its investment in the country, which is worrying the US, in an interview with the Bloomberg agency The world’s largest electric car manufacturer, BYD, is moving ahead with plans to open a factory in Mexico. In an interview with Bloomberg […]
Kia to Build $30,000 EV3 in Mexico, Unlocking US EV Tax Credit
Kia’s new affordable electric vehicle (EV), the EV3, is set to hit the US market, taking advantage of the federal electric vehicle tax credit. The company plans to build the EV3 in Mexico, with a starting price of around $30,000. The EV3 was introduced by Kia during its 2023 EV Day as part of a […]
Taiwan and Mexico, united by a sustainable purpose
Mexico is a beautiful country, with warm and entrepreneurial people, but it is also a country with geographical characteristics and natural resources like few nations in the world. It has many opportunities to continue growing as an economic and industrial power, both to enrich the region and to boost its growth towards other continents. The […]
Tupperware shutting down last US plant, moving production to Mexico
Tupperware Brands is closing its final manufacturing facility in the United States, leading to job losses for over 100 employees as it relocates operations to Mexico. The company, known for its food storage products, announced last week through a WARN Notice its intention to permanently shut down its Hemingway, South Carolina plant, affecting 148 workers. […]
India Experiences Its Own Nearshoring, But Also Wants to Join Mexico’s
In recent years, some Indian companies have arrived or expanded their presence in Mexico. This is no coincidence, as businesses from that country see Mexico as an important investment destination with access to the USMCA and Latin America. A Reuters study in association with Maersk points out that India, along with Vietnam, leads the most […]
Chinese Sales Surge in Mexico
With already double-digit annual sales growth, Chinese companies are pushing hard to further increase their revenues in Mexico. This was evident this week when they filled a large part of the premises at the Transport and Logistics Suppliers Expo at Cintermex. Here’s a sample… Socma It is the number one Chinese manufacturer of high-capacity forklifts, […]
These are the richest Mexicans as of June 2024
The year 2024 reaches its mid-point, and the investments of the richest Mexicans, as well as their millionaire fortunes, continue to increase. Just in June, the fortunes of these individuals recorded slight changes compared to the beginning of the year, so their positions, in some cases, advanced, while in the global list there were falls. […]
Cosco Shipping starts operations at the port of Ensenada with the arrival of the vessel Xin Dailan
Cosco will implement a comprehensive strategy to improve the Mexican market, based on three pillars: maritime transport, ports, and logistics. Cosco Shipping, one of the world’s leading shipping lines, celebrated the start of its new WSA5 “Mexico Express” service with the arrival of the vessel Xin Dalian at the Hutchison Ports container terminal, located in […]
Nearshoring Companies Turn to Foreign Workers Due to Lack of English Proficiency in Mexico
In Mexico, nearshoring companies have hired up to 10% of their workforce from foreign workers, whom they prefer to hire due to the scarcity of Mexican personnel proficient in the English language, according to a study by the Japanese company Kumon. In Mexico, less than 5% of the population is fluent in English, and for […]