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Monthly Bulletin! September 2013President Enrique Peña Nieto will invest 16% in transport infrastructure(Page 1)
Companies in Guanajuato will be powered with solar energy (Page 1)Mexican Peso, one of the ten most commercialized
currencies in the world (Page 1)
Mexican products will be exported to Kuwait(Page 2)
Mexico ranked better in innovation(Page 2)
Ford purchased 9,000 million dollars from Mexi-can suppliers (Page 2)
Mexico, Colombia and Peru offer an optimal environment for in-vestments (Page 3) Mexico´s exports grew for third time in a row (Page 3)
Business Opportunities (Page 4)
Mexican Business News
President Enrique Peña Nieto will in-vest 16% more in transport infrastruc-
ture
September 2nd, 2013. During the first year of Peña Nieto’s government, it is expected that the investment in infra-structure and transport will increase 16% in order to reach a total amount of 7.967 million dollars, which contrasts with a weak start of the year in the last admini-stration, when this fell 2.9%, according to data from the First Government Re-port.
The most benefited sector will be the ports, with an increase of 69% in in-vestments, followed by highroads, with a growth of 31%.
Last July, the government presented a six year investment program focused in infrastructure, in which an investment of 43,111 million dollars will be destined to transport infrastructure, including roads, airports, trains and ports. In the invest-ment goal for this year, it is highlighted a decrease in railways. Also, private in-
vestments will be 60% less than in the first year of Felipe Calderon’s govern-ment.
Federal government estimates that dur-ing this first year, road investments will increase 31% compared to the first year of the past administration, when this in-vestment fell 7%. By the end of 2013, it is estimated that the public investment in transport infrastructure will raise 19.6%, while private investments might be 3 times greater than last year.
Source: El Financiero
Enterprises in Guanajuato will be powered with solar energy
September 4 2013. A Mexican firm will open the first PV solar park in Apaseo El Grande, Guanuajuato, with an invest-ment of 3 million dollars. This park, which will be open this mont, will gener-ate 1 megawatt of energy, equivalent to the energy that 1,100 consume during a year. This to supply the Business Center integrated by 4 enterprises, among them a steel company and an auto parts pro-ducer.
This project has a prototype for high concentration of solar generation that was designed 4 years ago, and has the purpose of supplying up to 20% of the energy necessities of the Center, de-clared the general director of Granite Chief, Juan Antonio Balcazar.
More than 80% of the energy that is consumed in Mexico comes from a fossil source, and only 16% of the light comes
from an hydroelectric source; 3.4% from solar or geothermic energy.
The prototype of this solar park will work as a business model for industrial cli-ents, who are interested in having a sys-tem of clean energy,
Recently, the undersecretary of Planning and Energy Transition of the Energy Ministry, Leonardo Beltrán Rodríguez, estimated that Mexico will require annual investments of nearly 2 billion dollars to achieve the goal of increasing the gen-eration of renewable energies for 2024.
Source: Noticias MVS
Mexican Peso, one of the ten most commercialized currencies in the
world
September 6 2013. The Mexican peso was situated in the eight position in the ranking of the most negotiated and influ-ential currencies in the world, according to the Bank on International Settlements report.
This list is done every 3 years by the BIS and in 2010, the Mexican peso reached position number 14, in a list of 35 cur-rencies, all analyzed for their role in the
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Mexican Business News 1
Arab Mexican Chamber of Industry & Commerce
global markets. In 2013, the reports puts the Peso in its best position in the his-tory of this report. The Mexican currency surpassed the Yuan in negotiating terms. Also, the peso has experienced a better performance than other currencies of bigger countries such as China or Brazil. This can be the result of the volume reached in trade, public finances and low debt level.
Source: El Financiero
Mexican agricultural products will be exported to Kuwait
September 10, 2013. Michoacán’s Rural Development Secretary, Ramón Cano Vega, held a meeting with Kuwait’s am-bassador in Mexico, Mr. Sameeh Essa Johar Hayat, to talk about business op-portunities for agriculture goods in Ku-wait.
Since Kuwait’s gastronomy is based on legumes, species, lemon juice and wheat it represents an opportunity for fruits and grains cultivated in Michoacán, The state’s officer said that “products such as corn, beans, wheat, rice, frozen fruits, legumes, fruit juice and Cotija cheese, meet the quality and availability to be exported to Kuwait”.
An important subject to overcome are the great distances that Mexican prod-ucts must travel to reach the Arab table, so the director of Agroindustrias and Comercialización, Luis Ochoa Espinoza, analyzed the commercial routes of 4 shippings that offer the service, as well as the time it would take the products to make it to their destiny, essential facts for perishable goods.
The officer informed of the productive capacity of Michoacán, in at least 23 products, so as of their availability and temporality, emphasizing that Michaocán is national leader in the production of fruits such as avocado, blackberries, strawberries, lemon and guayaba.
Kuwait’s ambassador, committed himself to make a special and detailed report of the agricultural products offered by Mi-choacán, highlighting the existing busi-ness opportunities. He assured that, in addition to straighten the friendship ties, he would look after the establishment of commercial ties that provide mayor benefits for both countries.
Source: Yahoo News
Mexico ranked better in innovation
September 20, 2013. Mexico improved its position in the Global Index of Innova-tion, which recognized the key role of innovation in economic development. In accordance to the dispatch of the Mexi-can Academy of Science, Mexico ad-vanced 16 position jumping to position 63 after being 79 during 2012.
The GII 2013 evaluated 142 nations, which represented 94.9% of the world’s population and 98.7% of the GDP. In this document, Costa Rica is the highest ranked country in Latin America.
The University of Cornell in United States, the INSEAD of France and the World Organization for Intelectual Prop-erty worked togeteher for this index. The two top countries in this year’s ranking were Switzerland and Sweden.
Source: El Financiero
Ford purchased 9,000 million dollars from Mexican suppliers
September 24, 2013. Ford increased its purchases from Mexican suppliers dur-ing the last 5 years, passing from 500 million dollars to 9,000 millions, assured Eduardo Serrano, executive director of Ford Latin America. The purchases were mainly to stock the OEM’s that produced 213 of Ford’s models, like the Fusion.
The biggest purchases of auto parts are made by General Motors, with 12,000 million dollars, followed by Ford and Nissan with 5,000 millions. The acquisi-tion of auto parts made by Ford to local suppliers will grow 9%. Ford has in-vested in the last 8 years more than 5.559 million dollars in Mexico due to the
CulturePozole
“A delicious soup including one of the most traditional ingredients:
corn “
Mexican gastronomy is characterized by its great variety of dishes and reci-pes, together with the complexity of preparing a lot of them. It also changes a lot within the country, so a dish may have different versions depending on the state where it is prepared. Such is the case of pozole, a typical soup made of corn, traditionally eaten on the Independence Day, celebrated on Sep-tember 16.
El pozole, from Náhuatl pozolli, which means boiled or foamy, is a traditional plate of Mexican cuisine. Its a kind of soup made of corn and can have chicken or pork depending on the re-gion. There are two main kinds of po-zole: red or white, the first is commonly eaten in Sinaloa, Nayarit and Jalisco while the white one is more frequent in Guerrero.
The special feature of this dish is that the grains of corn used are of a par-ticular variety of large grain named “cacahuacintle” and such grains are cooked in a light solution of water and calcium oxide, also known as nixtamal, process by which tortillas are also made.
Mexican Business News 2
importance and advantages the country represents in international trade and de-velopment.
Source: El Economista
Mexico, Colombia and Peru have an optimal environment for investments
September 24, 2013. Mexico, Peru and Colombia have a favorable environment for the growth of private capital invest-ments in Latin America, according to a study by the Latin America Association of Risk Capital.
The director of Research for this asso-ciation, Juan Savino, said that the “Sur-vey for Investors of Private Capital in Latin America”, reveals that one third that of the global investors are accelerat-ing their commitments of investment of capital in private investment in Latin America. “This study back up our convic-tion that the region is turning into an im-portant market for the growth of risk capital, in particular for foreign inves-tors”, highlighted Savino. He also em-phasized that the growing importance of the investor is promising. “This juncture has positive effects, like a broader capi-tal availability, more market managers and an a greater specter for operations in all sector and for all sizes”.
Of the 105 surveyed investors, 56% was positive about the returns expectation. “The national and foreign investors wait an annual net returns of about 16% or more for private capital in Latin Amer-ica”, pointed out Savino. The sector where foreign and local investors agree about the appealing are consumer goods and retailers.
The study also highlights that the inves-tors believe that the relation risk-rentability is getting better for Latin America, even if the conditions in Brazil are getting more difficult and points out that the growth of the region still is at-tractive for investor compared to other emergent economies. “These results are a supports for the opportunities for pri-vate capital in Latin America. Despite the economic difficulties of certain markets, the region still has it appeal for national and foreign investors, this is reflected in the the strong rentability expectations.
The president of the Association, Cate Ambrose, said that the results show that
the vision of the investors about the re-gion continues evolving. With time, in-vestors will see the huge opportunity that Latin America represents”
Source: Excelsior
Mexico’s exports grew for third month in a row
September 25, 2013. Mexican exports grew 2.27% in August, its third monthly increase and the highest in the last three months, driven by the manufactures sent to United States.
Imports, a parameter of the health of the economy, have slow down in the same month and only grew 0.2%.
With these numbers, the Mexican bal-ances turned into a little surplus of 496 million dollars, against the deficit of 220 million dollars of the previous month.
Mexico sends nearly 80% of its non oil exports to United States, its main trade partner. Mexican economy has enter a slowdown phase due to the lag in the execution of the public expenditure, which is impacting the construction sec-tor and a lower demand of goods from United States.
The Mexican government reduced in august, for second time in the year, the growth forecast for 2013, after a de-crease in the GDP for the first time after 4 years.
Agustín Carstens, chief of the Central Bank, said that the slowdown is tempo-rary and that by next year, Mexico will grow at the expected rate of 3%.
Source: Excelsior
The recipe comes from pre hispanic times, and later some Mexican, Euro-pean and Asian ingredients were in-corporated.
There are different kinds of pozole de-pending in the region where it is pre-pared. They can be divided in two main groups: white and spicy ones. The first one is based on corn soup and meat, which is served in a big and deep bow. The diner may add different ingredients such as red or green sauce. The second one is distin-guished because of the condiments, which may give the soup a green or red color depending on the ingredients used during the preparation.
One can add to both types other ingre-dients such as lettuce, onions, lemon juice, radish, avocado, fresh cheese, pork, and dried chili. Also, it is common to eat it along with some tortillas or tostadas.
This is such a popular dish among Mexicans, that every year a fair is made to present new flavors and varia-tions, and promote pozole a symbol of Mexican culture.
Mexican Business News 3
Mexican Business News 4
Business OpportunitiesMexican companies looking for distributors / importers
Agencia de Logística del Golfo, S.A. de C.V.
Product: Animal and vegetable oil.
Tel. +52 229 100 38 56Fax. +52 229 100 38 57
Website: N/A
B&S Grupo Exportador Mexicano, S.A. de C.V
Product: Fresh Lemon
Tel. +52 232 324 42 54Fax. + 52 232 324 09 20
Website: www.bsgroupexportador.com.mx
Citricos EX, S.A de C.V.
Product: by products of oranges and lemons
Tel. +52 232 324 95 00Fax. +52 232 324 1552
Website: N/A
Comercializadora Integral de Belleza, S.A. de C.V.
Product: Make up
Tel. +52 55 55 84 68 58Fax. +52 55 55 25 76 46
Website: www.cosmetobelleza.com
DDI MultinacionalS.A. DE C.V.
Products: Make up, hotel textiles, flavorings
Tel. +52 22 22 44 69 53Fax. +52 22 22 44 69 61
Website: www.ddimultinacional.com
Compañía Industrial de Parras S.A. DE C.V.
Products: Textiles
Tel. +52 55 55 20 39 70Fax. +52 55 55 20 86 31
Website: www.parras.com.mx
Industrias Wet Line, S.A. DE C.V.
Product: gel, shampoo, wax, hair products
Tel. +52 33 47 77 00 30Fax.
Website: www.wet-line.com
Laboratorios Le Roy S.A. de C.V.
Product: surgical and orthopedic supplies
Tel. +52 55 50 10 91 00Fax. +52 55 50 10 91 89
Website: www.leroy.com.mx
Laboratorios Tornel, S.A.
Products: Veterinary medicines.Tel. +52 55 21 22 47 00Fax +52 55 55 76 26 53
Website: www.tornel.com
Latex Occidental ExportadoraS.A. DE C.V.
Product: rubber balloons
Tel. +52 33 38 37 02 22Fax. +52 33 36 57 50 30
Website: N/A
NH Mercado Global, S.A. DE C.V.
Product: Pepper, green coffee, chickpeas, sesame seed
Tel. +52 228 818 20 09Fax. +
Website: www.nhmercado.com
Oculus Technologies of Mexico, S.A. de C.V.
Product: antiseptics, pharmaceutical products,
disinfectants
Tel. +52 33 38 33 67 22Fax. +52 33 38 33 67 22
Website: www.oculus.com.mx
Conductores Mexicanos Eléctricos y de
Telecomunicaciones, S.A. DE C.V.
Product: Electric cables of low, medium and high tension
Tel. +52 55 53 28 33 40Fax. +52 55 53 28 33 46
Website: www.condumex.com
Electrometer de las AméricasS.A. DE C.V.
Products: Electronic Watthorimetre for domestic use
Tel. +52 55 50 78 04 30Fax. +52 55 50 78 04 02
Website: N/AEmail: [email protected]
Green Sun S.P.R DE R.L
Product: Avocado
Tel. +52 45 25 27 66 17Fax.
Website: N/A
Email: [email protected]
If you need further information about Mexican companies do not hesitate in contact the Arab-Mexican Chamber of Industry & Commerce
Dante 36-901, Col. Anzures, Mexico City, Tel. +52 (55) 52 55 46 22 / 52 55 07 23, Fax +52 (55) 52 55 04 29
