Thursday, July 04, 2013

Mexico to Become One of the World’s Top 10 Aviation Suppliers

Mexico is determined to become one of the world’s top ten aviation suppliers, according to the British newspaper The Guardian. The state of Querétaro, located northwest of Mexico City, holds an aerospace park where Delta Air Lines, Aeroméxico, Bombardier, Eurocopter, and Safran are among the firms with existing or upcoming investments.

"Our country is attracting the biggest share of aerospace investment worldwide," says Carlos Bello Rocha, head of Mexico's Aerospace Industry Federation (Femia). About 20 new projects are expected this year, worth $1.3 billion. Aviation exports doubled between 2009 and 2012 to reach $5.4bn.

Canada’s Bombardier was the first overseas firm to build a $200 million factory, transferring production from Ireland and Japan. Since then it has spent an additional $300 million in Mexico.

The latest arrival of aerospace manufacturing firms to Mexico is Eurocopter in February 2013, opening a facility that will employ 200 people by next year. 

Mexico’s Femia forecasts that there will be 450 companies working in this field by 2020, representing 110,000 jobs and $12 billion in export sales.

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