Guillermo Romero Pacheco, Secretary for the Economic Reactivation of León, says that the companies will invest close to 400 million dollars in two years.
China is no longer the manufacturing center for 15 companies of German, Japanese and American origin, which will invest nearly 400 million dollars in León and El Bajío in Mexico over the next two years.
This relocation of the companies is due to the intention of complying with the new rules of the Treaty between Mexico, the United States and Canada (T-MEC), as well as no longer paying high prices for transportation and no longer depending on the maritime industry.
“There are around 14 to 15 projects in the investment portfolio (from German, Japanese and American companies) for the municipality of Guanajuato, but there is not one that is particularly from a Chinese company,” reveals Guillermo Romero Pacheco, secretary for the Economic Reactivation of León.
German and Japanese companies take advantage of this moment to comply with the new trade rules of the T-MEC, especially the integration content of 75%, says the government official of the municipality of León.
Mazda imported some parts and auto parts from Japan, China, Singapore and other Asian countries, but now its suppliers and other companies will land in Mexico so that “they have the regional birth certificate and comply with the integration factor,” he tells Forbes Mexico .
“Some suppliers from Asia are arriving to settle in León, but they are linked to the same automotive factories,” says the former director general of the Coordinator for the Promotion of Foreign Trade of the State of Guanajuato.
The projects in the portfolio represent an investment of between 350 million dollars and up to 400 million dollars, which will be closed and tied up in the next two years, says the economist who graduated from the Tecnológico de Monterrey.
According to the secretary, among the investment projects are those that bet on the automotive industry and auto parts, as well as services and wholesale sales.
“At this time there is not particularly any request or investment project with Chinese capital in León,” adds Guillermo Romero Pacheco.
Companies of Chinese origin have been operating for many years or have joined forces to produce soles, accessories, hardware and auto parts, he adds.
In the automotive sector, in the last five years, between 2 and 3 companies with Chinese capital have arrived to be suppliers to the automotive industry in León, the official points out.
The presence of China in San Luis Potosí
“I am aware that 4 Chinese companies have arrived in the Bajío in the last two years, especially in San Luis Potosí,” says David Novoa Toscano, president of the Association of Industrial Supplier Companies of Mexico (Apimex).
The companies of Chinese origin and capital are dedicated to the production of auto parts for assemblers such as BMW and General Motors with a strong presence in San Luis Potosí, says the businessman.
More and more companies are looking for Mexican products, although a large percentage of Mexico’s exports go to the United States, today companies want and are looking for more local suppliers and there is an issue known as nearshoring.
US entrepreneurs and companies want the product in two days, because it is no longer profitable for them to wait up to six months for containers imported from Asia to ports such as Long Beach in California, Novoa Toscano points out.
“Wait six months to have product in the United States, because it is a world of time in one of the countries with the highest consumption of goods and services worldwide”
SOURCE: Forbes