The investment of established Maquiladoras has increased 5% during the last three years
Around $900 million have been invested so far in new businesses from the Maquiladora Industry installed in the border region of Nuevo Laredo over the last seven years, according to Guillermo Fernandez de Jauregui Velasco, President of Mexico's National Export Maquiladora Association (INDEX).
The investment of established Maquiladoras has increased 5% during the last three years, in a total of 34 manufacturing plants.
This has prompted the creation of over 30,000 jobs in the industrial sector, that is, a 20% increase in employment.
You might also be interested in:
Chinese firms continue to expand aggressively abroad, competing fiercely with incumbent heavy weights in a growing number of industries. China expert Shaun Rein identifies the key drivers, predominant sectors and human resource implications of unprecedented international growth by state-owned and privately held Chinese corporations in an interview with IRC Institute.
By George Walther-Meade