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:
Recently, IRC Global Executive Search Partners convened a summit in Gurgaon bringing together senior executives from leading organizations of the Asia Pacific region to explore what organizations and leaders can do to prepare their companies for the future. Many of the themes that emerged are timeless; others are specific to the modern age and the opportunities and challenges of the digital era.
Porthip Nat Viphatanaporn joined Grundfos in 1993, soon after the company launched operations in Thailand. After working in a supportive capacity alongside five country managing directors in not so many years, she took a shot at the top post herself and proved her worth in a traditionally male-dominated industry, delivering growth and stability for the next 25 years.