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News Article

Agreements at Hannover Messe will Bring Investment to Jalisco

By Rodrigo Andrade | Fri, 06/10/2022 - 17:25

Jalisco will receive several industrial projects and investments from Brazil, Germany and the US thanks to several accords made during Hannover Messe, said yesterday Roberto Arechederra, Head, Ministry of Economic Development of Jalisco. Hannover Messe, held on May 30-June 2, is the largest industry fair, bringing together over 6,000 exhibitors and 20,000 visitors. 

Representatives from Jalisco held 28 meetings during the fair to create strategic alliances with companies such as CISCO, Schaeffler Technologies, IBG Automation, Bosch, SIEMENS, IFM Electronic, Nokia and Volkswagen. These alliances aim to create more opportunities for SMEs in Jalisco. The investments will also support the implementation of the Internet of Things (IoT) and the automation of processes in the aerospace, automotive, medical, furniture design and software design industries. 

Arechederra highlighted the trust that many foreign companies and investors have in the state. Two expansion projects have already been confirmed: the assembly plant for TH Automotive and Vectralis Baumann, both will represent an investment of over US$6 million dollars in the state. 

“Our stand in Hannover was a public-private participation, showing that this alliance between businessmen, between the productive sector and the government, bears fruit and transcends borders,” said Xavier Orendáin de Obeso, General Strategic Coordinator of Growth and Economic Development of Jalisco. Orendáin highlighted the role of the collaboration between the government and the private sector to make Jalisco take one step further in the internalization agenda. 

The state is rapidly advancing its technological acumen but there is still a long way to go. “Companies in the state are moving from a mechanical-electrical phase to a phase of interconnectivity with the internet, but we have not yet reached Industry 4.0,” said Orendáin. 

The US is Mexico’s largest trade partner, while Germany is the fifth largest investor in Jalisco. Germany invested US$97 million in the first quarter of 2022, mainly benefiting the manufacturing sector, which received US$410.2 million during this time period, according to the Ministry of Economy. 

Photo by:   crystal710, StockSnap
Rodrigo Andrade Rodrigo Andrade Junior Journalist & Industry Analyst