NOVEMBER 2009

 

 

   

Twin Plant News is a monthly industrial trade magazine, established in 1985, focusing on the operations of major companies in the United States and the maquiladoras in Mexico. Readers include maquiladora managers and their staff, engineers and the management teams of the maquiladora's parent corporation - most of which are in the Fortune 500.

Each issue includes articles about changes affecting the automotive, electronics, plastics and metal industries, as well as information about customs regulations on both sides of the border and other relevant topics.

Regular monthly departments include updates on legislation affecting maquiladoras, changes in Mexican tax law, the latest news throughout Mexico, new products for maquiladoras and other timely information.

 

 

 

=

 

 

     With a population of about 105 million inhabitants, Mexico is the second largest market in Latin America, after Brazil, and one of the largest markets worldwide.

      With a GDP per capita of $8.343 and average monthly wages of $581, Mexico has a good position among emerging economies. The automotive industry is considered a strategic economic pillar in Mexico. The potential of the Mexican automotive industry is such that it represents the second most important sector of the country, creating great potential to supply the automotive manufacturing sector. The manufacturing sector represents 19 percent of the GDP.

      Mexico’s auto part industry is closely related to the U.S. industry. There are approximately 1,000 auto parts manufacturers in Mexico and close to 70 percent of these are subsidiaries of foreign corporations, mainly from the United States. Fifty eight percent of the automobiles sold in Mexico are imported, of which 75 percent come from the United States. Total production of vehicles in Mexico in 2008 was 2,102,801.

...View Complete Article