Manufacturers are investing in Mexico

The U.S. Census Bureau's Quarterly Import/Export Statistics indicates that Mexico increased imports of U.S. packaging and processing machinery by more than 15% and that major companies like PepsiCo, Nestlé, and Cisco are planning to expand their business operations in the country.

02/07/2014


Mexican manufacturers are the second-largest importers of U.S. packaging and processing machinery, according to the U.S. Census Bureau's Quarterly Import/Export Statistics for Sept. 2013. The report notes changes of 15.79% (increasing to $48 million) for processing equipment and 10.43% for packaging machinery (increasing to $115 million) since the same period in 2012.

"By the end of the third quarter 2013, Mexico was second only to Canada in imports of U.S. packaging and processing machinery," said Enrique Guzman, director of the Latin America office of PMMI, The Association for Packaging and Processing Technologies, the owner and producer of EXPO PACK México 2014 (Centro Banamex, Mexico City; June 17-20).

"Consumer packaged goods companies (CPGs) are speaking up and investing in Mexico. For example, in late January, at the World Economic Forum at Davos, Switzerland, Nestlé and PepsiCo announced plans for expansion in Mexico over the next five years- PepsiCo plans to invest $5 billion and Nestlé plans to spend $1 billion," Guzman notes.

On Mexico's economy, Guzman said, "Mexico’s middle class is expanding. And its economy is forecast to grow at 3.4% this year, making it the fastest-growing among the largest economies in North and South America.”

In addition, Cisco Systems Inc. has announced a $1.3 billion investment in Mexico in 2014, which is expected to generate more than 900 jobs. PepsiCo's plan is expected to generate 4,000 new jobs, and Nestlé anticipates 700 direct jobs as a result of their new Mexican plants.

The Association for Packaging and Processing Technologies (PMMI)

www.pmmi.org 

- Edited by CFE Media. See more Control Engineering CNC and motion control stories.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me