New Mexico boasts US$2.2 billion in oil revenue for 2018
NEW MEXICO – New Mexico received US$2.2 billion in revenues from oil production in 2018, according to numbers from the state’s Tax Research Institute. This was a 26% increase on the year, or US$465 million. As stated by the Albuquerque Journal, a substantial increase in investments and product...
Nuevo Leon aims to boost natural gas usage
With an investment of US$2.2 million, Combustibles Grupo Trees, in partnership with Naturgy, inaugurated a vehicular natural gas (NGV) station in the municipality of Guadalupe, Nuevo Leon.Naturgy works alongside the Nuevo Leon government, and representatives of the transport industry, in order to pr...
Nuevo Leon looking to attract Chinese assembler
The Government of Nuevo Leon is close to formalizing a third appointment, with representatives from a Chinese assembly company, for this upcoming month of April. Samuel Peña Guzman, Sub-secretary of the Ministry of Economy and Labor (SEDET), pointed out that this is not a car producer the size of F...
Nuevo Leon's auto part sector expects to maintain growth rates
The auto part industry in Nuevo Leon is expecting to have a 2018 very similar to this year, as the automotive industry in Mexico will continue to grow, even if a slight delay might be generated internally, but the export market will continue to be dynamic, said Manuel Montoya, director of the Autom...
Saint Gobain investing in Coahuila
With a US$135 million investment, French Company Saint Gobain laid the first stone to its second plant in the South Eastern Coahuila region, Glass Saltillo, to produce glass panes up to six meters long for the construction industry. The new building is located in the premises of the Alianza Derramad...
Saint-Gobain investing US$135 million on new glass plant
French firm Saint-Gobain laid the first stone to its second plant in the South Eastern region of Coahuila, Glass Saltillo, with funds valued at US$135 million. This facility will produce glass panes measuring up to six meters, for the construction industry. The new industrial building, that is going...
Sanhua inaugurates R&D center in Houston
Sanhua, a Chinese manufacturer of HVACR components for residential, commercial and automotive air conditioning, including components that use propane, will open the Sanhua Texas Technology Center (STTC) on November 15 in Houston, Texas. The STTC and has an initial investment of US$10 million into th...
Servicios de Transportacion Jaguar launches driving simulator in Nuevo Leon
A virtual cockpit that allows the operator to perform maneuvers with different load configurations, travel in adverse weather conditions and face situations that may occur while operating a cargo truck, is already in operation at the Servicios de Transportacion Jaguar training school located in Esco...
Softbank invests US$940 million in autonomous vehicles
The Japanese group Softbank is investing a total of US$940 million in the Californian firm Nuro, focused on non-driver vehicles for home delivery of supermarket purchases. According to financier Nikkei, the investment was confirmed by Nuro from its headquarters in Montain View, California. With thi...
Tamaulipas: role model state in terms of energy
An investment of US$1,115 billion, in addition to other projects, place Tamaulipas as one of the most important economic development centers in the country. Francisco Garcia Cabeza de Vaca said that in the southern part of Texas, which is the same basin that reaches Tamaulipas, that route today pro...
Texas oil price rises 0.65%
TEXAS – The price of Texas intermediate oil (WTI) rose by 0.65% with a cost of US$54.01 a barrel, due to a journey affected by the global reduction in crude oil production and signs of increased demand for refined products from the United States. New York Mercantile Exchange’s (Nymex), WTI futu...
Toyota Plant in Tijuana Waiting for Sister Guanajuato Facility
Fourteen years ago, Toyota started its journey in Mexico, in Tijuana, Baja California. The border region gave the company the opportunity to have a fast, easy access to the U.S. market. Nowadays, Toyota exports 90% of its Tacoma production in Tijuana to the U.S. and has developed a strong, high-qual...
U.S. sales of Ford Fusion manufactured in Hermosillo drop
SONORA – Sales of Ford Fusion manufactured in the Ford Hermosillo plant continue to decline in the United States, as at the end of 2018 recorded a fall of -17.2%, which has a negative impact on the economic dynamics of the state. According to Ford's corporate sales report published on its website...
U.S.-China Trade War Might Benefit the U.S.-Mexico Border Region
U.S. tariffs are encouraging companies to move some production out of China. Some companies are moving to other Asian countries, but the ones that already have manufacturing sites in northern Mexico as well as in the southern U.S. are planning to relocate to this region or grow their operations here...



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