There are approximately 1,300 factories of this sector in Mexico
The auto part industry might receive this year between $1.5 and $2 billion, due to the expansion and arrival of new participants in the sector, said Oscar Albin Santos, President of Mexico's National Auto part Industry Association (INA).
Mr. Albin weighed in that the currency exchange with a stronger dollar, has benefited this industry and its capacity to export, as nearly 65% of auto parts produced are shipped to U.S. and Canada.
Likewise, a 3% to 4% increase in the auto part industry is expected, reaching a $86 billion production.
There are approximately 1,300 factories of this sector in Mexico, mainly in Tamaulipas, Coahuila, Nuevo Leon and Chihuahua, while the Bajio zone concentrates 30% of the auto part manufacturing production.
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