Maquiladora Industry Growth
March 6, 2013
The Maquiladora Industry that supports most of the manufacturing in Mexico is expected to grow 5% to 8% in 2013 year. This industry is home to various high-tech sectors that are located throughout the country. Locations vary, such as Tijuana, Guanajuato, Mexicali and Cd. Juarez, and incorporate many industries including, automotive, aerospace, electronic, medical device, solar and others. Manufacturing in Mexico through the Maquiladora Industry has been in place for six decades and offers foreign companies a low-cost, high quality alternative for manufacturing in Mexico.
Maquiladoras are an integral part of Mexico’s export efforts and are viewed as cutting edge and lucrative investments. As evidence of their continued success, IMMEX (maquiladora) manufacturers experienced a 5.9% net employment gain in 2012. The government is also taking large steps to ensure competitiveness with other low-cost manufacturing countries. The administration is looking at this sector as “a very good option to generate the (export) opportunities and the employment they are seeking for Mexico’s growing middle class,” states Luis Aguirre.
With the new labor reform under way, changes in the decree can be seen as a positive change for the Maquiladora Industry. The Customs portion of the decree ensures that exporters are coined “authorized” after they are reviewed and are qualified. Thus, only adding to the credibility to the Maquiladora Industry and the various shelter companies that support it.
Mexico’s manufacturing sectors can potentially reach $9.28 billion dollars for 2013, a 5% overall gain from 2012.
For more information about Mexico manufacturing companies and Mexico manufacturing facilities please contact NAPS, Inc. and talk to a representative.