Mexico City, December 3, 2014
The CEO of ProMéxico, Francisco N. González Díaz, announced that the First Forum for International Supply for the Aeronautics Industry will be held in Mexico from April 22 to 25, 2015. The goal of the event—to be held as part of Mexico’s Aerospace Fair 2015—is to promote Mexican exports, close the gaps in the supply chain and attract more investment to the sector.
The head of ProMéxico said that during the forum more than 70 foreign Boeing suppliers will be invited to establish in Mexico. Also, members of FEMIA will be invited to business meetings to link the US firm and future investors with Mexican suppliers.
According to data from the US Department of Commerce, Mexico is the sixth supplier to the US aerospace industry. The aerospace sector in Mexico has recorded accelerated growth: on average, 17% during the 2004-2013 period; in 2013 alone, Mexican exports from this industry were valued at more than 5.4 billion dollars.
The increase in number of companies in the Mexican aerospace industry is another measure of success; according to records, close to 300 companies were established in Mexico in 2013, compared to only 60 companies in 2005.
"Our competitiveness and the excellent business case that this industry is are factors that have conduced ProMéxico to attract 38 multi-annual projects in the aerospace sector since 2008. These projects combined represent foreign investment in excess of 1.780 billion dollars and have created more than 10,000 jobs," said González Díaz. Furthermore, he emphasized that strengthening the supply chain is possible thanks to Mexico's highly skilled human capital and competitive business environment.
"Because of this situation, many foreign companies see Mexico as the most attractive destination in the aeronautics industry and have established their operations in states such as Querétaro, Chihuahua, Sonora and Baja California," he concluded.
About ProMéxico — ProMéxico is the Mexican government institution that supports Mexico's trade abroad and the internationalization of Mexican companies, and attracts foreign investment. Mexican business owners have access to a ProMéxico office in their place of origin, both in Mexico and abroad, bringing them closer to their potential buyers. Furthermore, foreign investors can reach every corner of the world through offices strategically located in areas that are key for world trade. For more information go to: www.promexico.gob.mx