Mexico manufacturing: Ford and Volkswagen, allies in the electric car business

Ford and Volkswagen joined forces on Friday to develop electric cars and automated driving and are evaluating other areas of cooperation, deepening a global alliance to reduce manufacturing costs.

Ford and VW had already begun to cooperate in the area of ​​commercial vehicles as part of their efforts to restructure production and improve sales, in order to meet stricter regulatory standards and market fragmentation.

VW will invest 2.6 billion dollars in the Argo AI, Ford's automated driving project, while the US company will manufacture an electric vehicle using Volkswagen's MEB platform, both companies announced.

"Our global alliance is beginning to show even greater promises and we continue to evaluate other areas in which we could collaborate," said Volkswagen chief executive Herbert Diess.

Ford expects to develop more than 600,000 electric vehicles using components and systems for VW vehicles, which helps both automakers reduce costs. (Report by Edward Taylor. Edited in Spanish by Marion Giraldo)

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Start up manufacturing services in Mexico: Do you want to create a company in Mexico and you don't know what requirements you need?

Here we will share the 5 basic steps for creating your company anywhere in Mexico. It is easy and simple.

If you have been thinking about creating a company for a long time; you want to undertake a new project; or you want to formalize the business you already have, you must know how to do it legally.

In this regard, we advise you to review our article on the requirements to create a company in Mexico, and thus get out of any doubt. Or if not, schedule a free consultation with our advisors to define the society you need.

Next, we will present the 5 steps to follow to establish a company in Mexico:

Step # 01: Request the denominations from the Ministry of Economy.

The Ministry of Economy (S.E.) is the public entity in charge of approving or rejecting the denominations (name) with which it is desired to establish a company. Therefore, you must approach a notary public who under his signature requests the name with which you want your company to be registered, or otherwise, if you have your electronic signature or e-signature, request it personally in the S.E. and select with which notary you will sign it.

Keep in mind that if there are other companies with a name similar to yours, the success rate decreases, so we recommend requesting 3 to 5 different names to increase the chances of authorization.

Step # 02: Prepare the charter of your company

If you have doubts about which parties are part of this document, we invite you to watch our video tutorial on the charter of a corporation.

Similarly, you should know that preparing these documents should not be done lightly. Therefore, we recommend that the charter be tailored to your business and the needs of the partners that will integrate it. Seeks legal advice from experts in the constitution of various commercial or civil societies.

Step # 03 Obtain your Federal Taxpayers Registry (RFC) before the Tax Administration Service (SAT)

Only in the case of the S.A.S. (simplified joint stock company) where this procedure is carried out on the portal of the Ministry of Economy, the application process for other commercial, civil or special companies, must be carried out at the SAT offices of the town where the company.

If you want to know how to carry out this process and the requirements, read our article "How to register my company.


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Where is the best site selection in Mexico for business?

Mexico has many cost-effective and strategic locations for you to start up a successful business. The next information is a summary of a study done by KPMG so you will have a clear idea of where's the best option. 

Querétaro heads the list of entities where business managers in Mexico conceive to expand their operations over successive 3 years, in keeping with a study by practice KPMG.

The survey of 812 business leaders nationwide of enormous and medium-sized firms in varied industries established within the country reveals that fifty fifth of these interviewed conceive to take their company to some state of the Mexican Republic. Querétaro is the state with a lot of mentions and since 2011 has generated an upward trend within the interest of executives. The entity with the fewest mentions is Aguascalientes.

For the managers it's not nonetheless a priority to enter the 3 special economic zones (ZEE) prescribed in 2015 by the federal to spice up development in regions with the best social and economic mental retardation within the country, in keeping with the study. The live includes 3 exclusive zones: interoceanic industrial passageway (which includes municipalities of Guerrero and Oaxaca), Puerto Chiapas and also the neighboring municipalities of the port of Lázaro Cárdenas, in Michoacán.

These areas are promoted by the Mexican government, the Inter-American Development Bank (IDB), the globe Bank (WB) and Harvard University, with the development of the body of water Gas Pipeline and also the town Cruz Gas Pipeline to Puerto Chiapas. However, the export producing trade has antecedently indicated that this set up addresses challenges love infrastructure, coaching and provider development.

On the opposite hand, industrial realty consultants say that the foremost efficient region for your enlargement or relocation project for your producing operation in United Mexican States are:

Juarez

Chihuahua

Monterrey

San Luis Pototosi

Silao, Guanajuato

Reynosa

If you are planning on manufacturing in Mexico, contact American Industries Group. They'll help you find the best site selection in Mexico for your business through their shelter services program. Visit their website and get more information: http://www.americanindustriesgroup.com/services/

Industrial Real Estate Mexico: Gowth trend

Did you know that in Tijuana there is only 4% availability of Industrial Space? Here is an interesting article I found that want to share to you.

After the growth of industrial plants in Tijuana, the real estate sector continues to be active to meet the demand for spaces generated by companies.

"We have really been active because companies continue to demand spaces for plants that are already growing and new ones that just want to settle in the city. These are difficult times, but we see that production does not slow down at the border, "said Miguel Velasco, an associate of the real estate company for industrial buildings NAI Mexico.

According to the Association of Economic and Industrial Development of Tijuana (Deitac), during the first two months of 2018, the city reached 500,000 square feet in expansion of industrial plants, equivalent to approximately 21.3 million dollars in the rent of spaces for the operation of the companies. The Economic Development Advisor Tijuana explained that the average cost of rent for the use of industrial buildings is $42.5 dollars per square foot, and that in the case of the city has been dynamic to have always interested in leasing the land available.

In the same line, the executive director of Deitac, Adriana Eguía, said that in the border municipality there are adequate spaces and buildings to absorb the demand of a growing industry that diversifies, which currently maintains its availability of industrial spaces by 4%, although the intention is to open more sites to solve the demand.

He explained that it is therefore important to maintain constant communication both with specialists and with businessmen, in order not only to generate the occupation, but also to know the requirements necessary for the operation, such as sufficient space for the movement of the cargo, as well as certain height and temperature of the buildings.

According to the Ministry of Economy, during the year 2017, Baja California captured 1,444.4 million dollars of Foreign Direct Investment (FDI); amount that positions the state in fourth place of the northern border and seventh national place. The state's FDI represents 4.9% of the national catchment.

In the period 2014-2017, (of the current administration) 5,266.5 million dollars of FDI have been accumulated, 16% higher than the investment received during the first four years of the previous administration.

The analyst for the industrial market within the real estate company Datoz Bienes Raíces, Antonio Chavira, explained that electronic commerce and spaces for its development are a good opportunity for the city, since its practice has increased thanks to new technologies.

There are many strategic site selection in Mexico for you to start your operations. There is this company that has more than 40 years of experience helping international companies to select and establish their plants, if you want to know more information about shelter services or industrial Real Estate in Mexico, go to next website:

http://www.americanindustriesgroup.com/

Source: El Economista

Medical devices manufacturing in Mexico

In the domestic market, in recent years there has been an increasing demand for products for the care of degenerative diseases, such as: personal glucose and cholesterol monitors, products to control glucose, massagers and weight control equipment. According to research conducted by the International Bureau of Commerce and Research of Massachusetts, other devices required in Mexico are: anesthesia and expiratory therapy equipment, cardiac simulators, defibrillators, diagnostic equipment, electrocardiographs, electrosurgery equipment, lightning equipment gamma, incubators, laser for surgery, resonators, suction pumps, ultrasound and endoscopes.

Medical tourism is another important source of income for Mexico. According to ProMéxico, the wave of this type of visitors began in 1996, with Monterrey being a pioneer in medical care for international patients. In fact, it is estimated that this modality left an income of 880 million dollars in 2008. Mexico is the main destination of the United States for cosmetic and dental surgeries. ProMéxico calculations indicate that the citizens of this country spend 2.2 billion dollars in health, of which 5.5 billion are directed outside their territory.

Foreign trade 

Mexico is the leading exporter of medical devices in Latin America and the main supplier in the United States. The figures of the Global Trade Atlas indicate that in 2010 the country exported close to six billion dollars, and ranked as the eleventh exporter of medical devices worldwide. In addition, during the same year the country presented a positive balance in the trade balance of the sector, of three billion dollars.

According to ProMéxico, the main products exported by the Aztec country at a global level are: instruments of medicine, surgery and odontology; orthopedic articles and appliances, and X-ray apparatus. In 2010, Mexican exports of medical devices to the United States reached an amount of 5.4 billion dollars. In 2009, 90.7% of total Mexican exports went to that country, followed by the European Union, with 7.6% more than the total.

In 2005, a report by the National Bank of Foreign Trade (Bancomext) indicated that 95% of Mexican exports were made through the maquila regime. It is estimated that imports represent 70% of all purchases, and the United States is the main supplier, with a share of more than 66% of the total purchased by Mexico. Espicom notes that the country is still dependent on foreign technology, and much of the sophisticated medical equipment is imported from the United States.

If you want to learn more information about medical devices manufacturing in Mexico, you can visit the next website: http://www.americanindustriesgroup.com/