City expected to open 10 new hotels
Business - Tuesday, February 1, 2011 (13:11 hrs)
•Be invested over 600 million pesos in the project
The online Financial
Mexico, February 1 City .- The hotel chain plans to open 10 units this 2011, which represent an investment of more than 600 million pesos.
At a press conference, Director of Franchise Promotion City Hotel, Carlos Adams, said that unlike other segments of tourism, business traveler kept his flow despite outbreaks of insecurity in some cities, so that this factor does not inhibit their investment expectations.
"When it comes to leisure tourists, it simply changes the destination without problem, but a business traveler has to go where your business requires, and the cities identified as conflictual industrial maintain their pace.
"For example for us Ciudad Juarez is an excellent place, where he managed an average occupancy of 60 percent. And this year we are planning to open in Torreon. This shows that we continue to invest, and the north of the country remains very attractive, "said the manager.
Other cities where the hotels are open Minatitlan, Merida, Culiacan, Buenavista (Federal District), the third hotel in Puebla, Aguascalientes, Playa del Carmen and Ciudad del Carmen, all City Express brand. Also open its third hotel in Veracruz, branded City Junior.
With eight years in the market, the chain has a presence in 22 states and 38 cities. Closed 2010 with 50 hotels operating, of which 40 work under the name of City Express, seven are City and three City Junior Suites. The goal for the next three years is to reach 100 hotels in operation.
The units opened last year in Poza Rica City Express, Nogales and San Luis Potosi City and Junior in Ciudad Juárez and Guadalajara, with a total investment of 300 million pesos.
About their expectations on occupancy, Adams said that in 2010 the mean rate was 59 percent considering the new hotels, but without these, the average rises to 65 percent. This represented a 25.72 percent increase in occupancy and an increase from 27.6 in revenue. This year, the goal is to increase occupancy by four percentage points.
Respect to tariffs, have agreed that if an increase of about 4 percent, with an average of 690 pesos per room. (Adriana Rodríguez Canales / Finsat / MCH)
jueves, 3 de febrero de 2011
Hutchison Port Holdings Invests $400 Million Dollars In Mexico
Hutchison Port Holdings invests 400 million dollars in Lázaro Cárdenas
Business - Thursday, February 3, 2011 (18:18 hrs)
•G January over 600 thousand jobs direct
The online Financial
Mexico, Feb. 3 .- The port operator Hutchison Port Holdings (HPH) began investing $ 400 million in developing the second phase of the expansion of the Specialized Container Terminal Port of Lázaro Cárdenas (LCT).
The works, which will conclude in October, includes the construction of a pier 300 feet long, increasing to three the berths, in addition to the expansion of switching and storage yards in eight hectares, which will increase terminal capacity to 1.4 million TEUs.
Also, the investment will generate more than 600 thousand direct jobs and another 14 000 500 indirectly.
Jorge Leconte, director of HPH Division for Latin America said that "the second phase expansion of CTL was done according to the National Infrastructure Plan and in order to have time with the infrastructure to address the movement of containers in the Pacific Mexican, even showing an increase due to economic recovery. "
In a matter of port equipment, just arriving at the port from Shanghai Michoacan, two new cranes ZPMC the latest Super Post Panamax, which was invested about 30 million dollars, which will allow the terminal to operate 210 containers time on their docks.
In addition, last week purchased 22 new tractors LCT backyard and trailer for equipment, unique in Mexico for its capacity of more than 70 tons of drag and unique design for container handling.
"Through these investments in new high-tech equipment, facilities and innovation based on customer-oriented electronic processes, LCT allows faster evacuation of cargo in the national port system, which means greater competition for users," said Alfredo Huesca Sanchez, general manager of the terminal. (With information from Finsat / Nicholas Lucas / JJJ)
Business - Thursday, February 3, 2011 (18:18 hrs)
•G January over 600 thousand jobs direct
The online Financial
Mexico, Feb. 3 .- The port operator Hutchison Port Holdings (HPH) began investing $ 400 million in developing the second phase of the expansion of the Specialized Container Terminal Port of Lázaro Cárdenas (LCT).
The works, which will conclude in October, includes the construction of a pier 300 feet long, increasing to three the berths, in addition to the expansion of switching and storage yards in eight hectares, which will increase terminal capacity to 1.4 million TEUs.
Also, the investment will generate more than 600 thousand direct jobs and another 14 000 500 indirectly.
Jorge Leconte, director of HPH Division for Latin America said that "the second phase expansion of CTL was done according to the National Infrastructure Plan and in order to have time with the infrastructure to address the movement of containers in the Pacific Mexican, even showing an increase due to economic recovery. "
In a matter of port equipment, just arriving at the port from Shanghai Michoacan, two new cranes ZPMC the latest Super Post Panamax, which was invested about 30 million dollars, which will allow the terminal to operate 210 containers time on their docks.
In addition, last week purchased 22 new tractors LCT backyard and trailer for equipment, unique in Mexico for its capacity of more than 70 tons of drag and unique design for container handling.
"Through these investments in new high-tech equipment, facilities and innovation based on customer-oriented electronic processes, LCT allows faster evacuation of cargo in the national port system, which means greater competition for users," said Alfredo Huesca Sanchez, general manager of the terminal. (With information from Finsat / Nicholas Lucas / JJJ)
Mexico, a Country of Opportunities
Mexico, a country of opportunities
February 3, 2011 - 18:36Credit:Connie Estefan *
Our Mexico is without doubt a country of great opportunity and there are grounds to support this argument.
Our country enjoys an excellent geographical location that opens the door to countless markets.
The good climate and biodiversity of species make Mexico a country rich in natural resources. Its people, mostly young, is the great engine that drives the economy. Moreover, in recent years the discipline in the management of public finances has led the government deficit is moderate and that our debt will decrease.
True, Mexico is a country with sound public finances and, while much of the resources which the country from oil revenues, it is also true that in recent years has been making a major effort by the government to increase the tax base and non-oil tax revenues.
Investment in infrastructure has been increasing in recent years, reaching record numbers, thereby benefiting the FDI.
Mexico is a reliable proof of this is that the International Monetary Fund has renewed the flexible line of credit for two years and U.S. $ 73.000 million.
Today our reserves are even greater than those we had before the start of the global crisis, reaching 113.000 billion.
It is clear that Mexico is a country with great growth potential. In this context, I think it is important to join the wave of projects that benefit the development of our country. One way is to invest in Mexican companies and the easiest way we have at hand the Investment Funds Equity National.
There are several funds that support the country's largest companies, as those who follow the Price and Quotations Index (IPC), there are even funds that are sector, so we may well choose to promote a specific sector, such as the infrastructure and housing construction in Mexico.
When we invest in Mexico, we believe in our country and we are giving a vote of confidence to our people. It is to be a win-win equation.
What matters is that if the country's expectations are positive it is likely that Mexican companies also do well. So, this is a good time to share the benefits of the Investment Funds Equity National.
My recommendation is that we approach with an investment specialist to guide us and take advantage of the opportunities our country offers.
* Connie Estefan is associate Bancomerconnie BBVA's asset management.
February 3, 2011 - 18:36Credit:Connie Estefan *
Our Mexico is without doubt a country of great opportunity and there are grounds to support this argument.
Our country enjoys an excellent geographical location that opens the door to countless markets.
The good climate and biodiversity of species make Mexico a country rich in natural resources. Its people, mostly young, is the great engine that drives the economy. Moreover, in recent years the discipline in the management of public finances has led the government deficit is moderate and that our debt will decrease.
True, Mexico is a country with sound public finances and, while much of the resources which the country from oil revenues, it is also true that in recent years has been making a major effort by the government to increase the tax base and non-oil tax revenues.
Investment in infrastructure has been increasing in recent years, reaching record numbers, thereby benefiting the FDI.
Mexico is a reliable proof of this is that the International Monetary Fund has renewed the flexible line of credit for two years and U.S. $ 73.000 million.
Today our reserves are even greater than those we had before the start of the global crisis, reaching 113.000 billion.
It is clear that Mexico is a country with great growth potential. In this context, I think it is important to join the wave of projects that benefit the development of our country. One way is to invest in Mexican companies and the easiest way we have at hand the Investment Funds Equity National.
There are several funds that support the country's largest companies, as those who follow the Price and Quotations Index (IPC), there are even funds that are sector, so we may well choose to promote a specific sector, such as the infrastructure and housing construction in Mexico.
When we invest in Mexico, we believe in our country and we are giving a vote of confidence to our people. It is to be a win-win equation.
What matters is that if the country's expectations are positive it is likely that Mexican companies also do well. So, this is a good time to share the benefits of the Investment Funds Equity National.
My recommendation is that we approach with an investment specialist to guide us and take advantage of the opportunities our country offers.
* Connie Estefan is associate Bancomerconnie BBVA's asset management.
Earnings Grow 36% Southern Copper Mexico Group
Earnings grow 36% Southern Copper
February 2, 2011 - 16:29Credit:Reuters
Photo: File EE
Lima .- Southern Copper, one of the largest copper producers in the world, reported Wednesday that its profits rose 36% yoy in the fourth quarter, an increase of production and a rise in copper prices.
SPC.LM SCCO.N Southern Copper, controlled by Grupo Mexico GMEXICOB.MX , earned 492.2 million dollars in the fourth quarter compared with U.S. $ 363.3 million for the same period last year.
With these results, Southern Copper accumulated a profit of 1,554 million in 2010 compared to U.S. $ 929.4 million a year earlier.
The company, which has operations in Peru and Mexico, said production in the fourth quarter increased 3.5% to 130,553 tonnes.
" This increase was primarily due to 15,170 tons of SX / EW copper production at our mine Buenavista, formerly Cananea, which offset the fall in the laws of operations Cuajone and Charity , "the company said in a statement.
According to Southern Copper, the mine Buenavista continues in a process of reconstruction and said that his concentrator reached full capacity in the first quarter of 2011.
On the other hand, the company estimated its key copper project in Peru, Tia Maria, which would raise production by 120,000 additional tons, could start production in the fourth quarter of 2012.
"In 2011 we will continue our aggressive expansion capital projects and metal miners," said chairman of the firm, Larrea.
Southern announced the development of projects with a total investment of 5,600 million dollars for expansion of mining and metallurgy in the next five years.
Southern Copper said it signed contracts also cover copper to reduce the volatility in prices and protect the value of sales .
"Today's contract swaps cover approximately 28% of copper production for 2011 to a previous average of $ 4 per pound," he said.
February 2, 2011 - 16:29Credit:Reuters
Photo: File EE
Lima .- Southern Copper, one of the largest copper producers in the world, reported Wednesday that its profits rose 36% yoy in the fourth quarter, an increase of production and a rise in copper prices.
SPC.LM SCCO.N Southern Copper, controlled by Grupo Mexico GMEXICOB.MX , earned 492.2 million dollars in the fourth quarter compared with U.S. $ 363.3 million for the same period last year.
With these results, Southern Copper accumulated a profit of 1,554 million in 2010 compared to U.S. $ 929.4 million a year earlier.
The company, which has operations in Peru and Mexico, said production in the fourth quarter increased 3.5% to 130,553 tonnes.
" This increase was primarily due to 15,170 tons of SX / EW copper production at our mine Buenavista, formerly Cananea, which offset the fall in the laws of operations Cuajone and Charity , "the company said in a statement.
According to Southern Copper, the mine Buenavista continues in a process of reconstruction and said that his concentrator reached full capacity in the first quarter of 2011.
On the other hand, the company estimated its key copper project in Peru, Tia Maria, which would raise production by 120,000 additional tons, could start production in the fourth quarter of 2012.
"In 2011 we will continue our aggressive expansion capital projects and metal miners," said chairman of the firm, Larrea.
Southern announced the development of projects with a total investment of 5,600 million dollars for expansion of mining and metallurgy in the next five years.
Southern Copper said it signed contracts also cover copper to reduce the volatility in prices and protect the value of sales .
"Today's contract swaps cover approximately 28% of copper production for 2011 to a previous average of $ 4 per pound," he said.
German Company Siemens Invests $50 Million Dollars in Mexico
Siemens invests US50 million in Querétaro
February 2, 2011 - 23:21Credit:Roberto Morales / Posted in The Economist
El Marques, Qro. The German company Siemens will invest $ 50 million in facilities and construction of research and development centers for high voltage equipment at this location.
By 2015 plans to create 500 new jobs in Querétaro Siemens plants.
Yesterday, Siemens laid the foundation stone of an assembly and testing plant that has an area of 10.000 square meters. He also announced that two new research centers will be opened for development of innovative products tailored to American markets.
"Siemens is not only taking advantage of the significant advantages we offer to produce, but is still a pioneer in the transformation that we are pushing for stronger as a knowledge economy," said Bruno Ferrari, Secretary of Economy.
Production
Industrial Park In The Marquess manufacture equipment for high voltage systems in a plant with an area of 4,000 square meters.
The largest engineering conglomerate in Europe has signed agreements to provide services ProMéxico to facilitate the transfer of the German operations to Mexico.
The firm operates 12 manufacturing and service facilities in Mexico, which makes everything from high-voltage substations and electric motors, to lamps, auto headlights and engine and gas turbines, among other products.
"Siemens is well prepared to meet the demand for efficient high-voltage equipment in Mexico. At the same time, this plant (El Marqués) will serve as a platform for exports to Central America and the United States, "said Wolfgang Dehen, CEO of Siemens Energy.
The investment in a context in which the federal government seeks to attract European companies to Mexico to reduce costs by locating in the dollar and have a cheaper production platform.
February 2, 2011 - 23:21Credit:Roberto Morales / Posted in The Economist
El Marques, Qro. The German company Siemens will invest $ 50 million in facilities and construction of research and development centers for high voltage equipment at this location.
By 2015 plans to create 500 new jobs in Querétaro Siemens plants.
Yesterday, Siemens laid the foundation stone of an assembly and testing plant that has an area of 10.000 square meters. He also announced that two new research centers will be opened for development of innovative products tailored to American markets.
"Siemens is not only taking advantage of the significant advantages we offer to produce, but is still a pioneer in the transformation that we are pushing for stronger as a knowledge economy," said Bruno Ferrari, Secretary of Economy.
Production
Industrial Park In The Marquess manufacture equipment for high voltage systems in a plant with an area of 4,000 square meters.
The largest engineering conglomerate in Europe has signed agreements to provide services ProMéxico to facilitate the transfer of the German operations to Mexico.
The firm operates 12 manufacturing and service facilities in Mexico, which makes everything from high-voltage substations and electric motors, to lamps, auto headlights and engine and gas turbines, among other products.
"Siemens is well prepared to meet the demand for efficient high-voltage equipment in Mexico. At the same time, this plant (El Marqués) will serve as a platform for exports to Central America and the United States, "said Wolfgang Dehen, CEO of Siemens Energy.
The investment in a context in which the federal government seeks to attract European companies to Mexico to reduce costs by locating in the dollar and have a cheaper production platform.
The Agreement Will Boost Tourism Sector in Mexico
The agreement will boost tourism sector
February 2, 2011 - 21:42Credit:Lilia Gonzalez and Alejandro de la Rosa / El Economista
Mexico is an attraction for investors in tourism, so that if it speeds up the federal budget in infrastructure and the national agreement on conditions Tourism launched under the agreed criteria, the sector will grow to 15% this year, three times the national economy, said Jorge Dávila Flores, president of the Confederation of Chambers of Commerce, Services and Tourism (Concanaco-SERVYTUR).
The employer acknowledged that insecurity is a factor affecting the perception of Mexico as a country, however, commitments with employers to invest in the country are egregious. They are willing to inject resources into roads, airports, cruise ships, training and other strategies to detonate tourism. "The National Tourism Agreement will be signed later this month and all we ask is that agencies subejercicios forget to reactivate the economy," he said.
Given the scarcity of oil resources and the decline in foreign exchange earnings of Mexican nationals working in the U.S., the challenge is to turn Mexico tourism potential and attract more investment.
Thus said, it is imperative "to speak and act well for Mexico," as required by the Concanaco campaign.
"The perception of investors is not the same that appears in the sensationalist newspaper ... no appetite to do large projects and will be sustained in the future, "said Davila Flores.
He stressed that foreign investment amounted to 39.911 million dollars in tourism during the first nine months of 2010, almost double 2009, when 19.466 million admitted, she said.
Employers will work with authorities to have better conditions for expansion of the sector, so I proposed that safety is turn up the intelligence activities that have information quickly, accurate financial and how criminals operate.
Fund connectivity
Jorge Luis Moya, secretary of the National Airborne, said that twenty years ago in Veracruz and Durango proposed the creation of a fund to promote air connectivity to the destinations, similar to that commented Gloria Guevara.
"We also have the case of Acapulco. Guerrero's government sought an airline to increase its frequency and it took him. Although there was a certain amount of money to ensure the operation in the early days was not used because the route was heated and took his pace over the day, "he said.
There is good value, say
Travel agencies, in line with the Tourism Ministry
The president of the Mexican Association of Travel Agents (AMAV), Jorge Hernandez, said that a "good relationship" with Secretary of Tourism, Gloria Guevara, and that will finalize the agreement.
"We are collaborating in meetings through the National Confederation of Tourism, which is the leadership body to which we belong. I believe we have made progress in this regard and detonate everything is focused on the industry, "said the businessman.
The agencies have suggested to address the following issues: training, more coordination for tourism, creating a payroll savings program and improved ways to market the tourist routes in Mexico.
Hernandez recalled that previously have proposed different ways to promote national and international tourism, but at this time presents a good opportunity to bring together diverse participants.
February 2, 2011 - 21:42Credit:Lilia Gonzalez and Alejandro de la Rosa / El Economista
Mexico is an attraction for investors in tourism, so that if it speeds up the federal budget in infrastructure and the national agreement on conditions Tourism launched under the agreed criteria, the sector will grow to 15% this year, three times the national economy, said Jorge Dávila Flores, president of the Confederation of Chambers of Commerce, Services and Tourism (Concanaco-SERVYTUR).
The employer acknowledged that insecurity is a factor affecting the perception of Mexico as a country, however, commitments with employers to invest in the country are egregious. They are willing to inject resources into roads, airports, cruise ships, training and other strategies to detonate tourism. "The National Tourism Agreement will be signed later this month and all we ask is that agencies subejercicios forget to reactivate the economy," he said.
Given the scarcity of oil resources and the decline in foreign exchange earnings of Mexican nationals working in the U.S., the challenge is to turn Mexico tourism potential and attract more investment.
Thus said, it is imperative "to speak and act well for Mexico," as required by the Concanaco campaign.
"The perception of investors is not the same that appears in the sensationalist newspaper ... no appetite to do large projects and will be sustained in the future, "said Davila Flores.
He stressed that foreign investment amounted to 39.911 million dollars in tourism during the first nine months of 2010, almost double 2009, when 19.466 million admitted, she said.
Employers will work with authorities to have better conditions for expansion of the sector, so I proposed that safety is turn up the intelligence activities that have information quickly, accurate financial and how criminals operate.
Fund connectivity
Jorge Luis Moya, secretary of the National Airborne, said that twenty years ago in Veracruz and Durango proposed the creation of a fund to promote air connectivity to the destinations, similar to that commented Gloria Guevara.
"We also have the case of Acapulco. Guerrero's government sought an airline to increase its frequency and it took him. Although there was a certain amount of money to ensure the operation in the early days was not used because the route was heated and took his pace over the day, "he said.
There is good value, say
Travel agencies, in line with the Tourism Ministry
The president of the Mexican Association of Travel Agents (AMAV), Jorge Hernandez, said that a "good relationship" with Secretary of Tourism, Gloria Guevara, and that will finalize the agreement.
"We are collaborating in meetings through the National Confederation of Tourism, which is the leadership body to which we belong. I believe we have made progress in this regard and detonate everything is focused on the industry, "said the businessman.
The agencies have suggested to address the following issues: training, more coordination for tourism, creating a payroll savings program and improved ways to market the tourist routes in Mexico.
Hernandez recalled that previously have proposed different ways to promote national and international tourism, but at this time presents a good opportunity to bring together diverse participants.
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