Foreign direct investment in Guanajuato, Mexico

6 11 2006

The State of Guanajuato, Mexico has over 572 companies with foreign capital registered and located in the state.

The following information has been translated from an article dated November 6, 2006, published in the newspaper Correo, by Vicente Ruiz, Link.

49% of these foreign companies in Guanajuato are involved in manufacturing, and 29% are commercial operations which together represent an investment greater than 1,000,000,000 (one billion US dollars).

Due to changes in laws regarding foreign investment in Mexico (in 1993, 1995, 2001), 90% of all economic activities in Mexico are completely open to foreign participation and investment.

Mexico’s growing national economy, free trade agreements with 32 countries and geographic location provide great economic and logistics advantages to companies opening operations in Mexico.

In Guanajuato, 50% of all the foreign companies are located in the city of Leon (281), followed by Irapuato (71) Celaya (52), San Miguel Allende (31), Silao (26), San Francisco del Rincon (25), Guanajuato (19) and the rest (67) throughout the state.

Guanajuato occupies the first position for foreign investment of the all the Mexican states in the North-Central region.

Principal industries in Guanajuato that received direct foreign investment include:

  • The automotive industry received US $ 874.2 million
  • Processed food industry (concentrates, preserved products) received US $ 99.1 million
  • Manufacture of paper, cellulose and derivatives received US $ 18.9 million
  • Commerce of non-agricultural items received US $ 17.3 million
  • Chemical manufacturing received US $ 15.9 million
  • Clothing manufacturing received US $ 7.5 million
  • Textile manufacturing received US $ 5.2 million
  • Plastics manufacturing received US $ 5.4 million
  • Food products received US $ 4.8 million

Who has invested in the State of Guanajuato, Mexico:

Country…. Investment (Millions of US dollars)…… %

United States of America……..1’ 009, 214.00………..92.7

Holland………………23, 277.90………….2.1

Spain………………….18, 234.00………….1.7

Germany……………14, 267.30………….1.3

Denmark……………..4, 913.90………….0.5

Taiwan…………………4, 426.00………….0.4

Others………………..14, 549.60………….1.3

Total: USD $ 1’ 088, 882.70 (Millions)

Related Links

Aumenta inversion extrañjera en el Estado de Guanajuato: SE (Spanish)

Secretaria del Economia de Mexico (English)

State of Guanajuato webpage (English-Spanish)

Correo (Spanish)

Advertisements




Travel information – Guanajuato, Mexico

28 09 2006

Life is not all about work.  When on business trips to Mexico, do some research about your destination and nearby cities.  Ask your hosts to assist with transportation or a guide, and visit the area.  It will help you understand the country, and greatly increase your enthusiasm for doing business in Mexico.

If you are in Leon or Irapuato for business, make sure you get out to see Guanajuato City.

The New York Times has a piece on the city of Guanajuato in the state of Guanajuato, Mexico in their T-Style Magazine: Travel Section.   The City that Silver Built

Quite a different experience from the border towns and beach resorts that Mexico is famous for.  Guanajuato city is located in the geographical center of Mexico, 30 minutes away from Leon, the largest city in the state of Guanajuato.

The city of Guanajuato (located in the state of Guanajuato) is home to the International Cervantino Arts Festival (Festival Internacional Cervantino, FIC).  This year the dates of the Festival are October 4 – October 22, 2006.

Related Links

The City that Silver Built: New York Times

Guanajuato Capital 

Travel by Mexico:  Guanajuato

Festival Internacional Cervantino 2006