Mexico is attracting more and more large industrial companies from the U.S., China, and other countries, thanks to its strategic location, competitive costs, skilled workforce, and free trade agreements. In this blog post, we will share five examples of companies that have moved or increased their operations in Mexico in 2022, and how they are benefiting from this decision.
- Mattel: The U.S. toymaker invested $50 million to expand its plant in Monterrey, Mexico, making it the company’s largest manufacturing site, overtaking other hubs in China, Vietnam and Malaysia. Mattel plans to double its investment at Monterrey over the next five years1.
- BMW: The German automaker opened its first plant in Mexico in 2022, located in San Luis Potosí. The plant has a production capacity of 175,000 units per year and employs 2,500 people. BMW invested $1 billion in the plant, which produces the 3 Series sedan for the global market2.
- Ambu: The Danish medical device manufacturer announced in 2022 that it will relocate its production of single-use endoscopes from China to Mexico. The company expects to start operations in Mexico by the end of 2023 and create 1,200 jobs. Ambu chose Mexico for its proximity to the U.S. market, its skilled workforce, and its competitive costs3.
- Keeson Technology: The Chinese furniture producer decided to move its production from China to Mexico in 2022, citing the advantages of lower tariffs, shorter delivery times, and better quality control. The company invested $200 million in a new plant in Ciudad Juárez, Chihuahua, which will create 3,000 jobs and produce office furniture for the U.S. market4.
- MGA Entertainment: The U.S. toy manufacturer announced in 2022 that it will move some of its production from China to Mexico, due to the rising labor costs, delays, and lockdowns in China, and the labor shortages in the U.S. The company plans to build a new factory in Baja California, which will produce brands such as Little Tikes and LOL Surprise.
As you can see, Mexico is a great destination for industrial manufacturing, offering many benefits and opportunities for global companies. If you are interested in learning more about the Mexican market and how it can help you achieve your business goals, we invite you to contact Layer 9 Data Centers today.
We are a data center solutions provider with over 50 years of experience in Mexico and the U.S. We are building a new data center in Bajio, Mexico, that will provide high-quality, reliable, and secure data center services to our customers in North America and Latin America.
We can help you with your data center needs, whether you are looking for build to suit, powered shell, or commissioned capacity solutions. We can also share our insights and expertise on the Mexican market and how to succeed in it. Don’t miss this chance to take your business to the next level. Contact us today and let’s chat!