Published On: Thu, Oct 5th, 2017

3% growth prospects for Queretaro’s automotive industry

The automotive sector in Queretaro will have growth rates around 3% in 2017, estimated the General Director of the Automotive Cluster in Queretaro, Daniel Hernandez.

This, considering the behavior of the national economy and the advance the automotive and auto-parts industry had in the State during 2016, ranging from 2 to 3% annual rates.

“Contracts were signed some time ago. As far as we have heard from our cluster member companies, there have not been any affectations, but as a matter of fact, new contracts keep coming our way”.

Recently this year, Guillermo Vega Guerrero, Mayor of San Juan del Rio, Queretaro, confirmed that three companies from the automotive sector are interested in investing in the area, as they plan to belong to the Bajio industrial corridor.

The companies are originally from Asia and might soon apply investment that could further strengthen both Queretaro’s economy and regional supply chain.

Mr. Vega Guerrero also added that the Municipality of San Juan del Rio shall report entrepreneurial investment worth US$162 million this year, thanks to the arrival of Multipack Corporation, that brought about a US$27 million investment and 700 new openings at three plants located in the new Industrial Park.

Automotive

Source: www.mexico-now.com 

 

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