Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Best Places to Work
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. News
June 10, 2015 02:00 AM

Mexico to produce 5 million vehicles by 2020

Plastics News Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    MEXICO CITY—Mexico is on course to produce 5 million light vehicles a year by 2020, 20 percent more than previously predicted, the head of the country's automotive industry association said recently.

    Injection molders are among those likely to benefit from the increase, Eduardo Solis, president of the Asociacion Mexicana de la Industria Automotriz AC, told Plastics News, a sister publication of Rubber & Plastics News.

    Solís based the estimate on new investments being made by light vehicle OEMs in Mexico. He spoke at Mexico's Industrial Location & Logistics Summit, held June 3-4 in Mexico City.

    “That's a hard forecast,” he told delegates at the conference. Solis said it was the first time he had mentioned the 5 million milestone in public.

    Through April, Mexico produced 1,132,481 light vehicles, 10.7 percent more than in the same period in 2014, according to AMIA figures.

    Light vehicle production will top 3.4 million this year and 4 million in 2017, Solís said.

    He told Plastics News that injection molding is one of the activities the automotive sector is eager to develop, along with machinery, stamping, casting and forging.

    According to AMIA, citing statistics from Mexico's economy ministry, between 1999 and 2014, foreign direct investment in the auto manufacturing sector, including vehicle OEMs and suppliers, totaled $37.6 billion.

    Leo Torres, Ford Motor Co. de Mexico's purchasing director, told conference delegates that “big investments will keep coming into Mexico.”

    But he added that the government “should align policies to maintain and generate more investments. Academia should align its vision to improve our technical conditions.” Infrastructure needed to be improved and utility consumption costs reviewed, he said.

    Related Articles
    Tire demand in Mexico projected to grow 7.5 percent
    May auto sales defy projections, grow 2.1 percent
    Automotive drives expansion
    Study forecasts growth for German tire market
    Automotive industry boosts Mexico rubber production
    Light vehicle sales increase in July
    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Updated: Trinseo's latex emulsion spill not impacting Philadelphia drinking water
    2
    Yokohama: U.K. approves Trelleborg Wheel Systems acquisition
    3
    Trinseo: Equipment failure leads to latex emulsion leak into local waterway
    4
    EU approves Yokohoma's Trelleborg Wheel Systems purchase
    5
    Zeon raising prices on SR compounds, polyblends
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Best Places to Work
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION