Mexico More Attractive Than China

Mexico, more attractive than China


The cheap labor and benefits similar to those of Asia attract more foreign firms.

Mexico in the U.S. market recovers
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The Mexican cheap labor has made the foreign industry begins to look more to the country. (Photo: Adam Gutierrez)
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Mexico has begun to seem more attractive than China for the industry abroad, thanks to the supply of cheap labor .
"Every year that passes, we'll see how Mexico is becoming more attractive and becomes a real alternative to China," said the head of Flextronics, Michael McNamara, during a conference call with analysts on July 22, 2010 .
Flextronics International, based in Singapore, which manufactures mobile phones , auto parts and medical products for other companies, is paying more attention to the country as they close the wage gap with China, says McNamara.
The company's plant in Jalisco not only enjoys a reputation for profitability, but is an example of manufacturing worldwide for good manufacturing practices that are performed there.
After years of losing segments of the market of EU to China, Mexico has begun to recover part of it.
The share of Mexican products that the U.S. imported during the first five months of 2010 rose more than one percentage point to 12.3%, while China's position fell from 18.6 to 17.3% .

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