Boeing this week released a commercial airplanes market forecast predicting air carriers in North America will take delivery of around 7,200 new airplanes over the next 20 years, worth roughly $700 billion. Read more:
$700 Billion Over 20 Years
September 3rd, 2010Bombardier Profits Dive, but Aircraft Orders Expected to Soar
September 2nd, 2010Bombardier Inc. on Wednesday reported sharply lower profits and revenues for the second quarter, but found cause for optimism in the declining rate of aircraft order cancellations by airlines. Nick Heymann, an analyst with Sterne Agee & Leach Inc. in New York, told Bloomberg News “you should see aircraft production numbers up significantly in the second half.” Read more:
Bombardier Profits Dive, but Aircraft Orders Expected to Soar
Hon Hai Net Income Misses Estimates After Raising China Wages
August 30th, 2010Hon Hai, the world’s largest contract manufacturer of electronics, posted profit figures that missed estimates, after raising wages at its Shenzhen manufacturing facilities in China. Foxconn Technology Group, of which Hon Hai is the flagship, controls around half of the global electronic manufacturing services market. Hon Hai, which makes Apple iPhones and iPads, increased salaries by 30% following a spate of suicides. At the same time the company is shifting production to lower cost inland regions to maintain profit margins. Read more:
Hon Hai Net Income Misses Estimates After Raising China Wages
North America’s Medical Device Manufacturing Capital, Tijuana, Announces New Industry Investments
August 25th, 2010Tijuana has become North America’s leader in medical device manufacturing employment. New research on the medical device manufacturing industry shows that foreign investment in Tijuana has pushed employment up in the 2nd quarter of 2010 to a new high of 28,200 employees, showing a 4% increase over 2008. This news follows the recent unveiling of the Tijuana Economic Development Corporation’s new campaign, “It’s Time for Tijuana”, at the June 2010 Medical Device and Manufacturing (MD&M) East show, in New York. MD&M is set to hit Tijuana on Sept. 8th. Read more about the Medical Device Industry in Tijuana and for Event Information:
UPDATE 2-Mexico Foreign Investment Climbs Despite Violence
August 25th, 2010Foreign direct investment in Mexico increased by 28% in the first 6 months of 2010 and is projected to reach $20 billion by year’s end. Manufacturing received the most foreign investment, signaling global manufacturers are positioning themselves for a recovery in U.S. spending. While foreign owned companies are spending more on safety, investment continues, especially in the automotive and aerospace sectors. Read more:
Mexico Foreign Direct Investment Rose 28% To $12.24 Billion In 1st Half 2010
August 24th, 2010The rise in foreign direct investment in Mexico is due to a major acquisition in the beer industry and rebounding U.S. demand for manufactured goods.
The figure includes $7.36 billion that Mexico received in foreign direct investment during the second quarter, a 34% increase from a year earlier, the Economy Ministry said in a press release. The leading country of origin was the Netherlands, accounting for $6.96 billion. Read more:
The UK Trade & Investment Org. Releases an Overview of Aerospace Opportunities in Mexico
August 19th, 2010The UK Trade and Investment Organization released a report outlining the opportunities in Mexico for Aerospace manufacturing. Mexico’s strategic advantages exemplify why it has an increased market potential for the Aerospace sector. The report briefly discusses the opportunities in Mexico and its capabilities in its workforce and technology. Here is the latest overview of market potential for the aerospace sector in Mexico:
Mexican students join aerospace program at NMSU
August 19th, 2010As the Aerospace sector in Mexico expands, Mexico’s specialized linkage programs between schools and the Aerospace industry continue to prove the quality of its workforce . These programs are designed to provide students with highly technical training and the experience to work for top tier multinational companies. It was just announced that twenty students from Mexico have set their aerospace careers for takeoff today.New Mexico State University is bringing the group into a world of aviation and space travel as it shapes the first generation of Mexican aerospace engineers. Read more:
Solar Company Cuts US Jobs, Expands in Mexico
August 12th, 2010Leading solar panel manufacturer Energy Conversion Devices embarks on a strategy to reduce expenses by shifting part of its manufacturing to Mexico.
To cut costs, only the first three steps in the thin film solar panel manufacturing process will occur in Michigan while the final step will take place in Tijuana. Read more:
Tijuana Group Aims to Change City’s Image
August 9th, 2010Tijuana Innovadora is set to take place on Oct. 7th thru Oct. 21st, an event to push a positive look at what Tijuana has to offer. Largely focused at first on the city’s manufacturing sector, Tijuana Innovadora now includes presentations on urban development, digital art, philanthropy and health care. Innovadora’s promoters are hoping to showcase certain industries such as medical device manufacturing, defense and aerospace manufacturing.
The list of guest speakers includes one of the world’s richest businessmen, Mexican multibillionaire Carlos Slim; former Vice President Al Gore; departing CNN talk-show host Larry King ; Wikipedia co-founder Jimmy Wales; Twitter co-founder Biz Stone; Toyota executive Tetsuo Agata; space pioneer Burt Rutan; and Qualcomm Chief Executive Paul Jacobs. Read more: