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Analysis

Strong competition keeps prices low at Mexico's electricity auctions
OBG
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As part of ongoing energy reforms, Mexico’s authorities aim to reduce costs, protect the environment and develop power sector infrastructure by stimulating competition in electricity generation and transmission, while the National Centre of Energy Control (Centro Nacional de Control de Energía, CENACE) maintains control of transmission by managing the power grid. The state-owned Federal Electricity…

Analysis

San Luis Potosi's automotive industry analysis
OBG
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San Luis Potosi's auto segment plans for long-term growth San Luis Potosí’s automotive industry could hardly have asked for a worse start to 2017, but the state’s strengths have not changed, and optimism returned in a matter of weeks. Ford Motor’s withdrawal from San Luis Potosí in January 2017 meant the cancellation of a $1.6bn investment and the loss of up to 2800 jobs. However, the US company…

Analysis

Mexico's first licensing round of major oil and gas auction attracts interest
OBG
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Announced in 2013, Mexico’s energy reforms were the centrepiece of President Enrique Peña Nieto’s strategy to revitalise the national economy and reverse the decline in hydrocarbons production that has been in evidence over the past decade. Central to these efforts was ending the monopoly of Petróleos Mexicanos (Pemex) on the exploration, production, refining, distribution and sale of oil and…

Analysis

Local aeronautics clusters in Mexico continue to grow
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The global airline industry is facing serious challenges as demand for passenger aircraft across the globe grows; US manufacturer Boeing anticipated that a further 38,050 aircraft with a total value of $5.6trn will be required by 2034. From modest beginnings at the turn of the century, Mexico has developed a multi-billion-dollar aerospace industry, providing crucial parts to original equipment manufacturers…

Analysis

Authorities take steps to strengthen Mexico's energy infrastructure
OBG
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Recent reforms have opened up Mexico’s energy markets with the promise of greater levels of investment, more competition and stronger economic growth. For these benefits to realise their maximum potential and reach all regions of the country, it is essential that infrastructure of sufficient quantity and quality is put in place. To a large extent, Mexico has fallen behind in terms of developing…

Analysis

New downstream capacity in Mexico can help reduce petrochemicals imports
OBG
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The liberalisation of energy is set to open up vast opportunities in Mexico’s downstream petrochemicals segment. The 2016 commissioning of the Etileno XXI petrochemicals complex in Veracruz state, a $5.2bn joint venture between Brazil’s Braskem (75%) and Mexico’s Grupo Idesa (25%), was a crucial milestone for the much-delayed expansion of the industry. The project’s cracker will allow Mexico…

Analysis

Consistent growth, trade diversification should boost Mexico's automotive industry
OBG
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In January 2017 Ford Motors announced it would cancel its proposed $1.6bn investment in a new assembly plant for its Ford Focus model in the Mexican state of San Luis de Potosí (see analysis). International media reported that Mark Fields, CEO of Ford Motors, stated that the decision was based, in part, on the fact that falling demand for small cars meant that supply could easily be ramped up at…

Analysis

Industry in Nuevo León
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Authorities in Nuevo León step up efforts to implement Industry 4.0 Manufacturing has been a primary growth driver in Nuevo León for a long time. However, the sector has lately been experiencing a slight slowdown, as illustrated by the decline of its share in state GDP from 24.84% in 2014 to 23.17% in 2015, resulting in part from less robust demand from the US and subsequently lower exports. With…

Analysis

Mexico strengthening higher education in support of innovation in Nuevo León
OBG
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Nuevo León hosts a number of quality higher education institutions, some of which frequently appear at the top of both national and international rankings. With such a strong educational base, the state is able to advance research and development (R&D) and innovation, bringing with it numerous benefits for the development of the local economy. Top Of The Class Nuevo León has a strong set of…

Analysis

New energy cluster in Mexican state of Nuevo León
OBG
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Responding to the implementation of sweeping energy reforms at the federal level, Nuevo León undertook to create an energy cluster to ensure intra- and inter-sector coordination, address emerging challenges and take advantage of upcoming investment opportunities. Contrary to expectations, at present there appear to be more opportunities for investment in electricity generation than in hydrocarbons…