NEW INVESTMENT IN THE AEROSPACE INDUSTRY OF MEXICO
FARNBOROUGH, England, 14th July 2016. - Honeywell the aerospace company confirmed a complementary investment of USD $15 million ($ 277.5 million pesos), in air tunnel technology at its manufacturer plant in the capital of the Mexican State of Baja California (Mexicali), in the framework of the Farnborough International Airshow 2016.
In the pavilion of Mexico, the Governor Francisco Vega de Lamadrid thanked Brian Sill, President of Commercial Aviation of Honeywell Aerospace, for trusting Baja California, as well as for the aerospace projection the company brings to this state, in which 2,000 jobs were created.
Accompanied of Director General of ProMexico, Francisco Gonzalez, the Governor highlighted the importance of coordinating work with the Mexican Federal Government and the joint work between the State Government and the Municipalities for the economic promotion.
Likewise, Carlo Bonfante, Secretary for Economic Development of Baja California State, informed that previously Governor Francisco Vega attended to a brunch with Minister David Najera, Deputy Head of Mission of the Embassy of Mexico; Baroness Jane Bonham-Carter of Yarnbury, British Trade Envoy to Mexico, as well as with Yves Hayaux Du Tilly and Milene Hayaux, President and Director, of the Mexican Chamber of Commerce of Great Britain (MexCC), respectively.
The British side expressed interest in participating in bidding projects of various infrastructure projects in the state and agreed to develop with the representations of Mexico in this country a series of promotional activities of Baja California in the UK.
Previously, during Farnborough International Airshow 2016, an MoU in academic cooperation was signed between National Aerospace University of Queretaro and the University of Cranfield, as the only academic institution in the UK exclusively dedicated to post-graduate degrees, well-known in areas such as aerospace manufacture, security and industry, which headquarters include an airport.
This is the first agreement signed between both institutions, which will open a path for future activities related to the training and education of the students, research, business, including training of personnel in aeronautics.
Hence, Mexico moves towards the consolidation of the aerospace sector, as it has ceased to be merely a manufacturing hub, by incorporating innovation and technological development.
According with the General Direction of Foreign Investment of the Mexican Secretariat of Economy, Queretaro concentrates the largest number of Direct Foreign Investment (DFI) for the aerospace sector, registering a total of 37%, Positioning Baja California in second place, with a 24% of participation, followed by Tamaulipas (12%) and Zacatecas (9%), among others.
The manufacture sector of civil and commercial aircrafts collects the highest DFI, of 42%, followed by the manufacture of components for the aerospace industry, with 14%, and the manufacture of electrical components and cables for the aerospace industry, with 12%, the rest is divided among other sectors. From 1999 to the first quarter of 2016, the sector concentrated a DFI of USD $ 3.4 billion.