Manufacturing companies looking to get a hold of the latest manufacturing solutions gathered last week in Monterrey at Expo Manufactura 2018. Over 320 companies presented their latest products for the Mexican manufacturing industry, including collaborative robots, automated machining solutions and additive manufacturing.
Meanwhile, Mexican-based automakers seem to be starting the year on the right foot. Automotive production reached a historic high, exports to the US also grew and global suppliers continue setting up shop in the country.
General Motors, Ford, Honda, FCA and Kia are among the automakers most heavily affected by railway blockages in Michoacan. The Mexican automotive industry has already lost over MX$350 million (US$18 million) due to these problems.
Exports of made-in-Mexico vehicles grew 9.2 percent in January, while automotive production rose at a year-on-year rate of 19.8 percent.
Nissan to invest US$9.5 billion in its China business unit as part of its strategy to become a top player in that market. The automaker’s JV with Dongfeng Group is expected to boost yearly output to 2.6 million vehicles by 2022.