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Tecma Times – First Quarter 2016

Tecma Times – First Quarter 2016

Tecma Group news from the first quarter 2016

THE PIC GROUP TO SET UP SHOP IN MEXICO WITH TECMA

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The Oshawa, Ontario – based PIC Group has recently entered into a contractual agreement under which it will operate in Tijuana, Baja California, Mexico through the Tecma Group of Companies’ Mexico shelter company services.
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TECMA GROUP CLIENT COMPANY, FIRSTRONIC, RECOGNIZED FOR ELECTRONICS MANUFACTURING SERVICES EXCELLENCE

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Grand Rapids, MI – Firstronic bested competitors in the Service Excellence Awards competition for 2016. The Service Excellence Awards (SEA) recognized the Grand Rapids firm for its best in class performance among Electronics Manufacturing Services, or EMS, companies. Firstronic topped the list of excellent EMS companies with revenues between US $100 million and $500 million.
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THE STRONG US DOLLAR RESULTS IN MORE MEXICAN MANUFACTURING EXPANSIONS

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According to maquiladora industry leaders in Tijuana, a strong US dollar has generated a noticeable uptick in Mexican manufacturing expansions.
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A MEXICAN MANUFACTURING BOOM IS ATTACTING ASIAN INVESTORS

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As production and the Mexican manufacturing boom steps up, and is noticed by international companies from the world over, companies from China and other Asian nations are following the trend and pursuing investment opportunities in the country.
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BOTH COUNTRIES ARE WINNERS WITH THE MEXICO AND US RESHORING TREND

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Nearshoring is bringing manufacturing jobs back to North America – and experts can’t agree on who is winning more from this new trend, the US or Mexico. It seems, however, that both countries are winners with the Mexico and US reshoring trend.
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THE IMPACT OF RISING LABOR COSTS ON US MANUFACTURING

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The Impact of Rising Labor Costs on US Manufacturing is playing a role in driving jobs overseas, but there are positive indicators for how the US can respond to this growing trend.
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We hope that you will find the information contained in this quarter’s edition of the Tecma Manufacturing in Mexico Times to be of interest and of use.

Interested qualified manufacturers can learn about the Tecma Group’s Mexico Shelter Manufacturing Partnership (MSMP) Support Services by signing up for a one-on-one webinar. Our team of professionals can enable you to start-up and maintain competitive production facilities in Mexico. Sign up

 

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This quarterly publication will be populated with content that is useful and relevant to readers that are contemplating Mexico investments, have operations already within the Republic, as well as to other individuals that have an interest in Mexico and its manufacturing sector.