Bringing New Business Opportunities from Singapore to Mexico

Singapore Precision Engineering and Technology Association (SPETA) and Enterprise Singapore recently visited Mexico to understand manufacturing conditions in the country, including challenges faced by international manufacturers. This visit provided meaningful insights into metal manufacturing and engineering management while strengthening relationships between businesses and providing opportunities for networking with government officials, private companies, clusters and business leaders. Representatives from Singapore visited the Mexican cities of Leon, Guadalajara and Mexico City. 

“There are easily 10 to 15 companies that are interested in entering the Mexican market, especially because of their customer’s encouragement to enter the US market and the opportunities within the tier 3 and 4 companies to grow,” said Simon Lim, Executive Director, SPETA, during the closing event for the mission in Mexico. 

The mission included representatives from seven companies from Singapore: Trend Technologies, Racer Technology, Aluputer Industrial, Delphic Manufacturing Solution, Fu Yu Corporation, Kay Kay Plastic Industries and Zeito International. The mission’s objective was to open the doors to these companies to the Mexican market and let them know firsthand the opportunities the country has to offer in the manufacturing sector. 

The SPETA Manufacturing Delegation to Mexico had the opportunity to visit Guadalajara to understand local manufacturing conditions in Mexico and bring meaningful insights into metal manufacturing and engineering management. Afterward, the Ministry of Economic Development (SEDECO) of Guadalajara and the Association of Industrial Parks in the State of Jalisco (APIEJ) hosted a lunch to provide an overview of the manufacturing activity in the state. The delegation also visited the Interplex Plant to understand the local manufacturing conditions, according to the Singapore Mexico Chamber of Commerce.  

The Singapore Mexico Chamber of Commerce, El Gran Bajio, Legal (RYTDC), Spyral, the Ministry of Foreign Affairs, GBP Mexico and the Mexican Association of Private Industrial Parks (AMPIP) were invited to the event to discuss opportunities for nearshoring. “Mexico is a complex market, but it is easy if you know the rules of the game,” said Alfredo Nolasco, CEO, Spyral.

The demand for nearshoring keeps rising, generating opportunities to expand businesses both in the north and south of Mexico, said Vidaur Mora, Managing Partner, Rivadeneyra, Treviño y de Campo, during the event.