More Filters
There were 1003 results found for:

All Regions and All Sectors

Analysis

Looking forward to retirement: Strong performance boosts attraction of pension funds
OBG
plus

Since 1997, the Mexican retirement savings system has operated under the defined contribution system of individual capitalisation that replaced the pay-as-yougo system (defined benefit). Under this regime, contributions are compulsory for employee, employer and government, with the National Commission for the Pension System (Comisión Nacional del Sistema de Ahorro para el Retiro, Consar) the main…

Analysis

Driving forward: The automotive sector is set to remain a vital economic contributor
OBG
plus

With a track record dating back to Ford’s first assembly plant in 1925, Mexico’s automotive manufacturing has emerged as a key driver of industrial growth. It accounted for one-sixth of economic growth in the first quarter of 2013, according to PwC México estimates. The world’s eighth-largest producer and fourth-biggest exporter of vehicles, Mexico is a key supplier to the US and Canadian markets. Eager…

Analysis

Flying high: Further investment is expected in the burgeoning aerospace industry
OBG
plus

Over much of the past decade, Mexico has been one of the most attractive targets for foreign direct investment (FDI) in aerospace. Since 2006 the industry has grown at an average annual rate of 18%, and exports have tripled from $2bn to an estimated $6.1bn in 2013. FDI has focused on the traditional northern industrial giants, including Baja California, which hosts 58 aerospace firms, and, to an even…

Analysis

Look upwards: As more countries compete on cost, high-end segments beckon
OBG
plus

The North American Free Trade Agreement (NAFTA) jumpstarted Mexico’s textiles and garments industries in 1994, when suddenly raw materials like cotton were allowed to flow freely from, and finished goods into, the US market. By 2000, Mexico had become the largest exporter of clothing to the US. It did not hold this position for long, however. In 2001, China joined the World Trade Organisation (WTO)…

Analysis

Open the taps: Reforms that lead to cheaper gas will be a boon to petrochemicals
OBG
plus

The petrochemical industry stands to be one of the biggest beneficiaries of Mexico’s energy reform, as the measures are expected to liberalise the market for natural gas, on which Mexican petrochemical plants depend. Today, the industry is hamstrung by an inadequate supply of natural gas, which has sapped its competitiveness and fuelled Mexico’s trade deficit in plastics. Scorecard As petrochemicals…

Analysis

Rethinking royalties: New taxes on mining stir debate
OBG
plus

Mexico is the world’s largest producer of silver and a top-10 producer of a number of minerals including copper, lead and zinc. Gold, which comprises about one-quarter of Mexican mining production, is the industry’s most important segment. The industry produced about $23bn in 2013 and attracts a significant amount of investment, about 70% of it from abroad. In 2011, total investment was $5.6bn,…

Analysis

Linked up: The state’s geographic advantages make it ideal for logistics firms
OBG
plus

The growth of local industry and Querétaro’s location in the centre of the country have contributed to the emergence of the state as a domestic logistics hub. In 2012 shipping, mail and storage accounted for 7.9% of Querétaro’s economy. In Mexico as a whole, logistics contributes about 7% to GDP. In Querétaro, according to the state’s Ministry of Sustainable Development, the sector grew…

Analysis

Meal ticket: Food and beverage activity continues to underpin the economy
OBG
plus

The food and beverage sector in Querétaro is one of the state’s two legacy industries, along with automotive. Today it remains the second-biggest manufacturing segment in Querétaro and is an important part of the state’s economy. According to figures from the National Institute for Statistics and Geography, food, beverages and tobacco accounted for 6% of the state’s economy in 2013 and…

Analysis

Open line: Several reforms may further boost a steadily performing sector
OBG
plus

In 2013 the IT and telecoms sector contributed 2.5% to Querétaro’s GDP and was one of the economy’s faster-growing segments, according to the state’s Ministry of Sustainable Development (Secretaría de Desarrollo Sustentable, SEDESU). In recent years the sector has grown at an annual rate of 7-8%. Depending on how well Mexico implements reform of the telecoms sector, there may be an opportunity…

Analysis

Power play: A look at how the household electronics industry is shaping up in a changing market
OBG
plus

According to the Ministry of Sustainable Development, Querétaro’s electronics sector made up 4.6% of the state’s economy in 2013. Focused on household electronics and, to a lesser extent, consumer electronics, the sector is dominated by three players: Mabe, Dongbu Daewoo Electronics and Samsung. Mexican firm Mabe designs and manufactures refrigerators in the state. Daewoo produces refrigerators,…