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.
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Having spent many years at KPMG as a partner and finally as Head of Corporate Finance, Midlands, Richard Boot currently chairs and holds directorship of various companies associated with staffing and recruitment. He is also a former board member of IRC Global Executive Search Partners.
IRC Global Executive Search Partners convened affiliates and business partners at three regional summits covering Asia Pacific (APAC), Europe, the Middle East and Africa (EMEA) and the Americas in early 2019 to spark an intercontinental discussion about leadership and organizational preparedness in an era characterized by accelerating technological change and disruption.