As a sign of Mexico's ever increasing presence in the global manufacturing world, Packaging Europe reports that Tarsus Group and E.J. Krause & Assoc. (EJK) are combining their resources to make an Industrial Print Expo in Mexico, the first of its kind in the country. It will showcase industrial print in a manufacturing setting.
The expo will include 3D printing and 2D printing, assembly, marking and decoration. Anything related to printing within the context of manufacturing will be presented. According to Packaging Europe, printing is branching out into many different applications for multiple industries, including automotive, aeronautics and many others. 3D printing will become especially important, capable of generating revenue for companies of between $230 and $550 billion, the source cites.
The expo will happen February 3-5, 2015 at Cintermex Monterrey.
Tucson investing in Mexico
The European presence in Mexico is strong enough to foster support for a Mexican printing expo sponsored by a foreign company. The presence of American companies might be even stronger. Mexico's proximity to the U.S., along with the North American Free Trade Agreement, makes it an excellent site for building nearshoring operations with the help of an offshore shelter company to ease the transition.
Tucson is the latest city that wants to align its interests with that of its neighbor, Mexico. In a recent opinion piece at Inside Tucson Business, written by the Mayor of Tucson, Jonathan Rothschild argues that Tucson would benefit strongly from closer Mexican ties.
According to Rothschild, more than 20,000 Mexican citizens enter the U.S. in order to shop in Tucson, many of them from Sonora and Sinaloa. He argues that the state would benefit not only from Mexican shoppers but from businesses seeking to expand to America. The mayor wants to build a research center for that purpose, in order to aid Mexican nationals in building companies in the U.S.
Mexico benefits from a strong U.S.
Business growth between the two countries works both ways. Many U.S. businesses benefit by expanding to Mexico as well. The two countries are tied together. In a recent report, Mexican Central Bank Gov. Agustin Carstens blamed Mexico's slow economic growth in the first quarter on U.S. weather and the U.S. economy.
"We have had slower-than-expected growth in the first quarter, but I think to a large extent it is also correlated with slower growth in the U.S. and a lot of it is because of the weather," he said to The Economic Club of New York.
He added that unlike other developing countries, he believes that the recently passed economic reforms in Mexico have kept the peso insulated. Additionally, he cited the flexible credit line (FCL) with the International Monetary Fund and Mexico's close ties to the U.S. as anchors that will keep Mexico stable.
According to Fleet Owner, a trucking website, the slow growth in the U.S. is encouraging more businesses to nearshore to places like Mexico and Latin America. Many companies might want to take advantage of lower costs in the economy to begin building now in order to be prepared for future growth opportunities.
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