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…
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…
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…
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…
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…
Officials in San Luis Potosí look for ways to streamline and add value to Mexico's agricultural sector Agriculture may never be able to compete with the manufacturing industry as a proportion of GDP, simply due to the relative volumes involved, but this does not detract from the importance of the sector in San Luis Potosí’s economic development. Some 2.75m ha of San Luis Potosí’s 6.1m-ha surface…
With GDP growth above the national average, an expanding population and new immigration from abroad, San Luis Potosí’s real estate sector looks set to expand. This will be further encouraged by the deficit of 11,000 homes in and around the capital city, according to Mauricio Ramírez, general director of the State Housing Institute of San Luis Potosí (Instituto de Vivienda del Estado de San Luis…
Of all the places vying to be industrial and logistical hubs, San Luis Potosí perhaps lays the best claim to being in the middle of everything. Geographically, it is more or less equidistant between Mexico’s three most important economic cities: Mexico City, Monterrey and Guadalajara. “Its location is the main reason why national courier and cargo company Estafeta chose San Luis Potosí’s airport…
San Luis Potosí is perhaps not as popular as the tourist destinations of Oaxaca or Cancún; however, its profile is on the rise. While the historic centre of the state’s capital city is an attraction in itself, it is the more remote areas where the current administration is seeking to capitalise on the potential in adventure tourism. From the ghost town of Real de Catorce in the northern plateau…
Mexico has been upgrading parts of its telecoms networks to the LTE standard that is also sometimes described as 4G; however, there can be minor differences between the two. The upgrade allows for the provision of faster and more extensive data services. According to consultancy Ovum and telecoms lobby 5G Americas, by mid-2016 there were 1.4bn LTE connections worldwide, representing 18.7% out of a…
