By Adina Moloman
The Mexican aerospace Industry organized recently an international event in Nevada, USA to show why investors should look towards Mexico aerospace sector.
The key speakers at the event were representatives from GE Aerospace, Bombardier, Boeing and other transnational companies located in Mexico.
The Mexican aerospace industry offers OEM’s and their suppliers concrete business opportunities with solid growth expectations in the aerospace sector. Currently, there are more than 300 companies in the Mexican aerospace sector (growing from 100 manufacturers in 2004 to over 300 in 2014), out of which 75% are manufacturers, 15% are engaged in maintenance/repairs, and 10% are engineering and design companies.
The key speakers at the event explained how such growth was possible in just a few years, along with the present and future business conditions of the Aerospace Industry in Mexico and the current state and development potential of Mexico Manufacturers in the aerospace sector.
They also explained how, through different economic development programs of several Mexican states, the establishment of aerospace clusters in different regions of the country were created thus providing investors with incentives to acquire land and by reducing local taxes for investors in this sector.
The participants at the event learned details of the aerospace intellectual property protection and BASA approvals in Mexico. A very important aspect that is encouraging the investors in the aerospace sector is knowing that BASA will allow aerospace products manufactured in Mexico to be certified within Mexican territory, without having to be inspected again in the USA.
Other aspects of the aerospace industry discussed, such as: labor productivity of the Aerospace Industry in Mexico, different business model options for Manufacturing in Mexico, structures and detailed costs; business dynamics of main Aerospace products manufacturers, demand forecast; domestic and export markets; Mexico’s aerospace logistics, etc.