Monday, July 31, 2017
Startup operations Mexico: Why Mexico is a global destination for manufacturing.
A leading operator in providing services to
international manufacturers in Mexico, has just published a technical document
that explains why the credibility of the manufacturing sector of this country
has risen in the world and why European manufacturers are increasingly Mexico
as A manufacturing platform for North America.
Mexico has become an increasingly attractive
destination for the aerospace, automotive, medical device, electronics and manufacturing
industries.
In 1994, the North American Free Trade Agreement (FTA)
between the United States, Mexico, and Canada eliminated most of the tariffs,
customs duties, and import and export restrictions on the movement of goods
traded between the three countries. On the other hand, the Mexican labor force
is relatively inexpensive, and with great manufacturing experience.
As a result, hundreds of international companies have
made large investments in Mexico. For example, the German Volkswagen produces
the Jetta model exclusively at its plant in Mexico. Manufacturers of electronic
products such as LG have established operations by raising wages in China, in
Mexico. The latest trend in foreign investment has been in the aerospace
industry, where 238 companies in the sector have taken advantage of the highly
qualified workforce, establishing operations in the Aztec country.
The report also notes that Mexico's proximity to the
US It is a significant and growing advantage for those supplying the North
American market as they allow the immediate landing of a product and deliver
just one time, a much more difficult system to implement in Europe, China or
India.
The production in Mexico companies of European companies set up amanufacturing company in North America, a lower cost, in a US dollar cost zone
within a base of established local suppliers.
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