martes, 9 de noviembre de 2010

Nordic Presence Grows in Mexico

Nordic presence grows in Mexico
Economy - Monday, November 8, 2010 (17:13 hrs)




Is estimated at about 2 thousand 950 million dollars of investments that these countries have made in Aztec territory



The online Financial



Mexico, Nov. 8 .- The presence of the Nordic countries in Mexico has grown over the past two years and currently more than 400 companies have a stake in the national territory of Denmark, Finland, Norway and Sweden on their social capital.



Is estimated at 2 000 950 million investment that these countries have made in Aztec territory in several strategic sectors.



The increasing development of bilateral relations between Mexico and the Nordic countries has prompted the creation of the Nordic Chamber of Commerce in Mexico.



A few days after they announced their launch, on 26 October to the House is expected to be one of the most dynamic and vibrant in the country and work under the securities business and the innovation and development, corporate responsibility and sustainability have thus achieving greater trade and economic presence in a market like Mexico represents a great growth potential for Nordic companies.



The President of the Nordic Chamber of Commerce in Mexico and CEO of the Finnish chemical company Kemira's water sector, Tuomas Rinne explained: "we are countries apart from being very similar, we share the same values in business and we understand that together will meet our mission to promote and help our business community to improve the country's commercial ethics and to create a platform that results in new opportunities for business development and job creation, "he said.



The Chamber of Commerce in Mexico aims also to promote business opportunities for Nordic companies in the country, a forum for social and commercial exchange between the Nordic countries and Mexico. "In other countries in developing as Uruguay, Chile and Vietnam, the Nordic countries have joined together to promote business opportunities and real results have been very positive," - noted President Nordic Chamber of Commerce in Mexico.



In a number of strategic sectors of the country as forestry, environmental, mining, food, health sciences, energy, automotive and technology are leading Nordic companies. One of the sectors where the Nordic countries clearly have a significant presence, is the renewable energy sector.



With Denmark, Mexico is promoting projects to generate electricity. In the case of Finland is working on biomass projects, bio-fuel and solar energy. Norway has a leading position in this area, both commercial and technological aspects because it is the first country that managed to generate energy through osmosis between fresh and salt water and has manufacturers of photovoltaic cells and wind turbines.



In technology, Sweden and Finland are among countries that have invested in technological innovation through their respective leaders in telecommunications, LM Ericsson and Nokia. Of the twenty largest companies in Sweden, thirteen are present in Mexico, covering sectors such as trucks, telecommunications, appliances, paper, automobiles, steel, pharmaceutical and security services. (With information from Finsat / GCE)

www.tibesarealty.com.mx

The Economic Recovery In Mexico Is a Reality

The economic recovery in Mexico is a reality
Economy - Monday, November 8, 2010 (18:15 hrs)




The country is considered the sixth most attractive location for investment by the United Nations: Bruno Ferrari (Photo: Cuartoscuro)




The FINANCIAL online



Mérida, November 8 .- With all optimism, Secretary of Economy, Bruno Ferrari García Alba, said again that economic recovery in Mexico is a reality that goes beyond any desire as maintained by the World Bank study completed recently.

He stressed that Mexico has been evaluated positively as a country of opportunity, which is on the road to recovery and has a great future in economic, hence the need to intensify efforts and be very cautious on achievements and work harder and greater enthusiasm.

It is not reason, he said, to leave things as they are, but to strive and achieve more and better achievements in the country's growth.

Thus, the federal official denied the diagnosis of the Center for Public Finance of the House of Representatives in warning that the country does not represent high growth expectations.

On the other hand, highlighted the report Doing Business 2010, developed and released recently by the World Bank which holds that Mexico advanced six positions in the display of ease of doing business, moving from site 41 to site 35, after a hard year for the country's capital.

During his stay in Merida to inaugurate the National Week for Small and Medium Enterprises Bruno Ferrari considered strong World Bank data for an agency that is not based on subjective.

However, Mexico is going very well and has a significant growth, history in the second quarter, recording 3.7 percent in gross domestic product, he said.

The country, he stressed, is now considered the sixth most attractive location for investment by the United Nations for its macroeconomic indicators, which are visible.

He noted that Mexico has significantly lower manufacturing costs, which is another strength for the nation, for the nations of the BRICs, Brazil, Russia, India and China, and other northern hemisphere countries.

The data and the results are as a country are obvious and are reflected in the macroeconomy and the position currently has over other nations, he noted. (With information from Yoisi Moguel / Finsat / TPC)
www.tibesarealty.com.mx

Mexico Diversify Its Tourism For Europe

Mexico diversify its tourism for Europe
Economy - Tuesday, November 9, 2010 (20:02 hrs)




Improving the competitiveness of the industry, the objective

(Photo: File)




The online Financial


Mexico, November 9 .- The Secretary of Tourism, Gloria Guevara Manzo, said that Mexico diversify its tourism to Europe in order to improve the competitiveness of the sector, because our country has not only sun and beach destinations, but also important cultural and historical sites of interest to visitors to the Old Continent.

He explained that to meet this objective, the Council of Tourist Promotion of Mexico (CPTM) next year will develop a promotional strategy for the markets of England, France, Spain, Germany and Italy.

From working trip to London, England, Secretary of Tourism, Gloria Guevara Manzo said the challenge for Mexico is to attract more visitors from Europe.

Manzo Guevara explained that the Secretariat is working with tour operators and travel agents to know the cultural wealth of our country and thus achieve the goal of having more Europeans visit our destinations.

The Secretary met with the Minister of Tourism in the UK, John Penrose, with whom he exchanged comments to boost tourism in both nations.

Penrose said the tourist wealth with which our country and the importance of Mexican destinations in the UK market, proof is the recent opening of direct flight London-Cancun British Airways operates.

On the second day of activities in London, Manzo Guevara participated in a work table with various Ministers of Tourism who made the World Tourism Organization as part of World Travel Market.

At the London School of Economics, the Ministry of Tourism gave a presentation on sustainable tourism and climate change.

In that forum explained the work done by the Federal Government on sustainable development and said that tourism is a vital part for the orderly growth of the economies without harming the environment.

In his speech, the head of the Tourism Ministry also addressed the issue of social benefits generated by this activity and explained that in Mexico, tourism contributes about nine percent of gross domestic product, generates 2.5 million direct jobs and more than 5 million indirectly.

Moreover, the Director General of the CPTM, Rodolfo López Negrete, and the Director of Fonatur, Adriana Pérez Quesnel, held meetings with businessmen and tour operators Sunwing and Lastminute. (Editorial El Financiero Online / TPC)

www.tibesarealty.com.mx

Ideal Formula To Revive Real Estate in Mexico

Ideal formula to revive real estate

07/11/2010 14:22



Mexico. Venture capital, bridge loans and mortgage financing in a single scheme represents an ideal mechanism to boost the housing industry.


The Achilles heel of the homebuilders in the wake of the international financial crisis was the drought of financing, which led to a severe contraction in the pace of housing construction and therefore a distortion between supply and demand.


To counter back the situation were created mechanisms that will stimulate a recovery in the pace of construction of new housing in the country.


Sociedad Hipotecaria Federal (SHF), the development bank of the housing developer, has launched a program called Capital and Debt Housing Construction (COVICADE), a scheme through which developers can derive from various institutions, both venture capital and bridge loans.


The mechanism addresses the lack of funding in the sector for pre-construction stages, such as land acquisition, infrastructure development, licensing and permits; mainly steps that should be funded with capital. While bridge loan for the building provides the necessary to construct.


UnbralCapital as capital fund, and Patrimonio, as a financial intermediary, were the first to operate this mechanism with approximately $2.5 billion pesos available on a first stage from first half of 2010.


This mechanism is perfected, since Infonavit, Alsis Funds and BBVA Bancomer, announced a strategic alliance to provide full funding and boost the supply of affordable housing. The estimated investment between them is of $21 billion pesos for a period of four years and will boost the construction and sale of 100,000 houses.


Alsis Funds provide venture capital to the developer, Bancomer banks offer mortgage bridge credit at the same housing promoter and Infonavit individual loans for the purchase of the final product, ensuring resources for the entire cycle of construction and housing market, mainly economic and of social interest, contributing to strengthening the industry.
(Ricardo Vázquez)

www.tibesarealty.com.mx

Record Investment In Mining In Mexico

Record investment in mining in Mexico

14/10/2010 16:12



Mexico. The good time that is living the country’s mining by the international increase in metal prices of highest historic records and the strong recovery in production, triggered a boost in the profits of mining companies in Mexico to be transformed into a record, with investments over $13 billion dollars along 2010-2012.

Manuel Luevanos, president of the Mexican Mining Chamber (Camimex) announced that the mining companies in Mexico will invest $4,431 billion dollars during 2010, for 2011 will be $4,168 billion dollars and for 2012 were promised $4,484 additional billion dollars.

Mining grew at an annual rate of 4.7% until July, but in particular the metallic and nonmetallic minerals except oil and gas, in the same period grew an average of 24.5% according to official data.

On the other hand, analysts of Grupo Financiero IXE, the three companies that list their shares on the Mexican Stock Exchange (BMV), Grupo Mexico, Peñoles and Autlan, will increase 63.9% their annual earnings in the third quarter of 2010.

Ixe analysis indicates that net profits of these enterprises account for $6,889 billion pesos. The extraordinary growth of profits encourages companies to invest in the future.

Camimex reported that currently there are 738 mining projects handled by 279 companies. It added that in terms of production value, 60% are in Mexican hands and the remaining 40% are owned by foreign companies.

Regarding exploration projects 70% are held by foreign companies and 30% in Mexican mining companies.

Camimex data indicate that currently gold leads metal production nationally with 23% interest, silver is second by providing 18%; the third place is for copper, which accounts for 17% of metal production at the national level.

www.tibesarealty.com.mx

Carso Seeks For Gold Mine in Chihuahua Mexico

Carso seeks for gold in Chihuahua

26/10/2010 20:51




Mexico. The chairman of Grupo Carso, Carlos Slim, announced an investment of $4.500 billion pesos into two mining funds in Chihuahua to extract gold and various metals.

Through a statement, the governor of Cesar Duarte Jaquez reported that the investment announced by the business group could generate about 4,000 jobs.

One of the mining funds located in San Francisco del Oro, which aims to create 2,500 direct jobs and achieve the extraction of more than 10,000 tons per day of minerals; while in the Concheño Mine, near the Basaseachi Waterfall, is expected to create at least 1,500 jobs.

Currently, the mining sector Grupo Carso has assets in Colonel, Asientos, San Francisco del Oro, Minera Maria, San Felipe and Tayahua; mines which extract gold, silver, copper, lead and zinc.

Mexico and Spain Will Produce Biofuels

Mexico and Spain will produce biofuels

08/11/2010 20:05



AESA experts presented to ASA staff its initiative for production and consumption of bio-kerosene, which includes modules defined-industrial, refining and logistics, an economic and life cycle study, another of potential areas of collaboration and final agreements analysis.

They also included a production module and raw materials and regarding aeronautics, certification topics, engine bench and in flight tests.

After the presentation, experts from both agencies began discussions to define specific areas of collaboration.

This agreement stems from the Collaboration Agreement of civil aviation, safety and sustainability between Mexico and the Iberian country, reports ASA in a statement.

The document was signed by Isabel Maestre, president of the AESA, and Gilberto Lopez Meyer, CEO of ASA.

Chinese Mining Company Will Invest $150 Million Dollars in Mexico

Chinese mining companies will invest $150 million dollars in Mexico

19/10/2010 02:08



Mexico. Seven mining companies with Chinese capital will invest $150 million dollars in the exploration of iron, copper, gold, silver and manganese, in Mexico during 2011 since it is consider an attractive territory for Asian capital.

The general director of Mining Promotion of the Secretariat of Economy, Jesus Martin del Campo, said the firm Jinchuan Group is already building in northern Mexico in the Bahuerachi project for the extraction of copper, molybdenum, gold and silver.

He said there are other companies such as Shaanxi Dong Ling Group which already are exploring projects in Sinaloa and for the extraction of gold, silver, lead, copper and zinc.

He noted that these firms will join the Chinese companies Mining Investment and Zhong Ning Mexico that already operate in the country.

70% of mining exploration projects in the country are held by Canadian-owned firms, the other 30% are held by Australian, Peruvian and Mexican.

Martin del Campo said that 70% of Mexico’s territory has some mineral potential and today only 20% is operated. This makes the country a highly attractive country for foreign capital.

Sinaloa Tenders Road Works

Sinaloa tenders road works

08/11/2010 20:23



Mexico. The Government of Sinaloa launched the call to participate in the construction of an overpass in Mazatlan.

The Secretariat of Communications and Public Works of the State of Sinaloa will placed this work in the Juan Pablo II Ave. and the winning company must complete the work on April 30th, 2011.

Interested parties must pay $3,000 pesos for the acquisition of bases and prove a net worth of $40 million pesos.

Reference number of the tender is 54001001-020-10 and the final date to submit technical and financial proposals is November 12th.

For more details, visit www.compranet.gob.mx

YSD Door Opens New Factory in Hidalgo Mexico

YSD Door opens new factory in Hidalgo

07/11/2010 14:43


Mexico. The company YSD Doors invested $10 million dollars in Ciudad Sahagun, Hidalgo, and will generate 600 new jobs.

YSD Doors is a company dedicated to the manufacture of all types of metal-mechanical components, particularly for railways, waste containers, as well as pressurized tanks and silos.

This plant has the backing of the firm Gunderson Concarril, a manufacturer of railroad freight cars that will support this new plant to build power transformers, distribution tanks, trailers for electrical substations and repair of used railroad cars.

Data from the Secretariat of Economic Development of Hidalgo confirmed that in the last five years, have reached the state invested more than $2 billion dollars, plus consolidated 20 strategic projects for the region of Ciudad Sahagun with almost $840 million dollars and the creation of nearly four thousand jobs.

Kaman Aerospace Open Plant in Chihuahua

Kaman Aerospace opens plant in Chihuahua

08/11/2010 19:30


The factory, whose headquarters are in Jacksonville, United States, will be located on the Jose Fuentes Mares Boulevard, specifically in the Aerostructures division.

The area in which will operate Kaman Aerospace is of 6,000 square meters and will manufacture structures, parts details and metal components to provide the aerospace industry.

The Chihuahua state government announced that several companies in aerospace, petrochemical, electronics, agribusiness and food, automotive, auto parts and construction, have confirmed their arrival to the state, but for now reserves the names of each of these companies

Canadian Company Will Be Installed in Queretaro Mexico

Canadian company will be installed in Queretaro

08/11/2010 19:35


The decision of the company to consolidate in the state is due to the good geographical location, telecommunications infrastructure and proximity to potential customers in surrounding states, said operations manager, Andrew James Lumsden.


The company was settled in the Queretaro Industrial Park, covering an area of 38,000 square meters and has a workforce of 30 employees who will be devoted to producing steel parts produced in high technology, mainly for automotive parts and automotive sector.


Other elements which determine choosing Queretaro to manufacture high-tech parts were the possibility of having skilled human capital and necessary conditions to develop the required production.
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