Japanese suppliers in Latin America (Part 1): New plants in Mexico
Recent developments at FCC, Koito, JTEKT, NHK Spring, Yachiyo Industry
This report summarizes Japanese suppliers' new plants in Mexico built in about nine months up to early February 2014. In 2013, vehicle production in Mexico, excluding heavy-duty buses and trucks, increased by 1.7% year on year to 2.93 million units. Vehicle exports increased by 2.9% y/y to 2.42 million units and sales expanded by 7.7% y/y to 1.06 million units. Production, exports and sales all grew, even by slight margins, to the record highs. We will separately report on production capacity expansion in Mexico and situations in Brazil.
Under such circumstances, Japanese OEMs are further increasing their production capacities in Mexico as bases of export operations to the Americas. In Aguascalientes, Nissan opened a new plant in November 2013. In Guanajuato, Mazda and Honda started their new production operations in January and February in 2014, respectively. We will separately report on production capacity expansion in Mexico and situations in Brazil.
[Objectives of new plants in Mexico]
|Mainly to meet increased demand in Mexico||Asahi Glass (AGC): Re-entry into production operations in Mexico, NHK Spring, Nippon Steel & Sumitomo Metal, Yachiyo Industry|
|As a supply base for the Americas||IBIDEN, FCC, Keihin, F-Tech, Daido Metal: Re-entry into the North American market|
|To reduce costs through cooperation with U.S factories||Imasen Electric Industrial, Keihin, Toyoda Gosei|
Japanese Suppliers Related Reports:
Japanese suppliers in Latin America (Part 2): Trends in Brazil and Mexico (Feb, 2014)
Thailand (1) (Jan. 2014), Thailand (2) (Jan. 2014), ASEAN (Nov. 2013),
Russia and Eastern Europe (Oct. 2013), India (Sep. 2013),
Northern/Northeastern/Southwestern China (Aug. 2013), Southern and Central China (Aug. 2013), Eastern China (Jul. 2013),
the US (Jul. 2013), Mexico and Brazil (Jun. 2013)