Automakers Flock to Mexican Manufacturing Market

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Researched by Industrial Info Resources (Sugar Land, Texas)--Mexico has emerged as a top destination for the automotive market, with numerous manufacturers and suppliers taking advantage of its proximity to the U.S. market and its just-in-time supply chain.

Heavy investment in technology and training has bolstered Mexico's manufacturing practices, including the installation of state-of-the-art equipment and automated processes. Automotive companies also are working with local suppliers, strengthening the regional economy.

Major auto manufacturers with projects under development include Noah ItechMexico S de RV de CV with its automation equipment factory in Santa Catarina, Nuevo Leon, which started construction in January and is expected to wrap up next spring, and Band Nidec Automotive Motors Mexicana S.A. de CV with its electric vehicle axle plant in Guanajuato, Guanajuato, which could begin construction early next year. The latter's customers are expected to include Tesla Incorporated (NASDAQ:TSLA) (Austin, Texas).

Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can read detailed reports on the projects in Nuevo Leon and Guanajuato.

Industrial Info is tracking nearly 400 active automotive projects across Mexico, totaling nearly US$15 billion in investment value. Subscribers can click here for a list of detailed project reports and click here for a list of related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).