Great Investment Opportunity
Located in a very strong growth area with world
class industrial parks.
Over 600 international firms have operations in
Monterrey. Most are from the US, Canada, The European Union and
Japan (General Electric, Mitsubishi, Mercedes Benz, AT&T, Kellog's,
John Deere, Basf, Navistar, Siemens, Ideal Standard...).
Close to the Airport, Monterrey Autodrome, Parque
Industrial Milimex, Monterrey Technology Park and Soriana
Distribution Center.
TFM s.a. (Transportacion Ferroviaria
Mexicana) will start construction of a modern Railroad-Truck
Distribution Center, a 130 hectares (321 acres) site in Salinas
Victoria.
Thirty minutes from Downtown Monterrey.
POPULATION
Monterrey, which is the capital city of the state
of Nuevo Leon, is a city with a population of approximately
2,818,576 people. The economically active population is
approximately 1.5 million or 55% of the total. With 4% of Mexico’s
total population, Monterrey generates 8.1% of the country’s GNP and
9.4% of Mexico's total manufactured products.
(Source - Inegi 2000 Census)
The state of Nuevo Leon is located in the
northeastern part of Mexico, bordering to the north with the US
state of Texas and the state of Tamaulipas, to the west with
Zacatecas, to the south with San Luis Potosi and to the east with
Tamaulipas. The state of Nuevo Leon has a nine mile border with the
United States of America.
Nuevo Leon is divided into 51 municipalities and
74% of the state’s population lives in the metro area of Monterrey.
Distance from the industrial center to the US
border at Laredo, Texas is 143 miles.
Monterrey is located at an elevation of 1,912 feet
.Monterrey’s weather is pleasant during late fall and winter, and
hot and humid during late spring and summer.
REGIONAL INFLUENCE
Greater Monterrey is second only to Mexico City in
its industrialization and world class production of steel, glass,
cement, plastics, chemicals and other industrial products. Its
flagship university, the "Instituto Tecnologico y de Estudios
Superiores de Monterrey" (Tec de Monterrey) is the one of the top
institutions of higher learning in Latin America. The people of
Monterrey have a culture that values hard work, self-reliance and
entrepreneurship. Monterrey is home to the world’s largest nylon
manufacturer and the world’s third largest cement and glass
producers. Although Monterrey is the third largest city in Mexico,
it has one of the lowest crime rates in the country.
DEMOGRAPHIC IMPACT
Most workers in Monterrey are third and fourth
generation factory workers. Traditionally known as the northern hub
of Mexican industry, Monterrey has become a ideal site for the
maquila industry as it migrates from the border region to the
interior of Mexico in search of a more stable labor force. Eighteen
percent of the country’s manufactured exports come from Monterrey.
EMPLOYMENT CONSIDERATIONS
In December of 2000, approximately 68,529
individuals were employed by 160 maquiladoras. (Source - Inegi 2000)
. 55% of Monterrey’s appprox. 2.8 million residents are economically
active.
UNEMPLOYMENT RATE
The open unemployment rate in Monterrey is 2.4%
(Source INEGI 04-2000)
AVAILABILITY OF LABOR
Unlike most border cities, Monterrey experiences
very low migration of its residents, this translates into lower
employee-turnover rates.
The growth rate of Monterrey’s population adds
40,000 new individuals to the job market every year.
SKILL RANKING
Monterrey has some of the best-educated labor and
professional force in Mexico.
Industries established in the city:
| Electronic Components |
26% |
| Textiles and apparel |
20% |
| Automotive Parts |
19% |
| Other Manufacturing |
11% |
| Electric materials |
9% |
| Wood and Metal Furniture |
5% |
| Other |
10% |
EDUCATION and TRAINING
Over 60% of Nuevo Leon’s annual budget is spent in
education. With 9 universities and 231 technical and preparatory
schools, Monterrey’s educational base is outstanding.
| Universidad Autonoma de
Nuevo Leon |
114,000
students |
| Tec de Monterrey |
14,000
students |
| Universidad de Monterrey |
6,484
students |
Private bilingual schools teaching English, German
or French with very high academic standards.
INFRASTRUCTURE
The Colombia International Bridge, Located 149
miles north of Monterrey, is the most efficient border crossing
between Mexico and the US. The bridge was specifically designed for
commercial operations. Free-Trade Zone at the Colombia Bridge. For
companies seeking simplified import-export procedures and lower
freight costs, Colombia Bridge has a 730-acre industrial park
designated as a free-trade zone. As long as material and equipment
remain within the park’s boundaries, it is not necessary to clear
Mexican customs.
Two international airports:
- The Mariano Escobedo Airport - 180
domestic and 40 international flights per day.
- Del Norte Terminal - Airport designed
for general aviation with the ability to handle aircraft as large
as a 737. Customs and immigration facilities are available on
site. 73 domestic and 22 international flights per day.
- Agualeguas - Potential development as
cargo airport and maintenance base, in process of starting
operations. Located 78 miles from Monterrey.
A recently privatized railway system with
connections to Nuevo Laredo, Mexico City, Torreon and Saltillo.
The city’s urban transit system includes 147 bus
routes.
A subway system with 14 miles of tracks serves
137,000 passengers/day.
Fiber optic telephone lines throughout the city.
Services Provided by AT&T Alestra, XCI & Westel - Marcatel, MCI
Avantel, Sprint Telmex, Axtel - BIC & WordTel.
Natural gas is available and distributed by a
private company.
Eighteen banks with 603 branches, including
Citibank and Bank of America.
Fourteen five-star hotels, several golf courses,
country and equestrian clubs.
Excellent health services.
The largest convention’s center in Latin America.
Good quality of life and one of Mexico’s lowest
crime rates.
CUSTOMS
US Customs processes imports through Laredo Texas.
Mexican Customs has facilities at the Colombia International Bridge
and in Monterrey. Several customs brokers have offices in the city.
TAXES
The state imposes a 2% payroll tax but will make a
50% deduction for new companies during the first year of operations.
SERVICE and SUPPLIER COMPANIES
Over eight thousand industrial companies and
30,000 service providers offer a broad range of industrial support
services. Proximity to the US allows companies easy access to
American suppliers and the US market.
ADVANTAGES
- A highly educated workforce
- Ample supply of workers
- Excellent roads, transportation,
telecommunications and housing infrastructure
- Lower labor turnover rates than border cities
- Mexico’s best technical training
- Good transportation and communication
infrastructure
- Proximity to the US
- A well established network of shelter
operations
- Home to some of the best candidates for a
Mexican joint-venture partner
- A state government that fosters business
development
- Ranked #1 in Fortune Magazines' classification
of the world's best cities for doing business (Latin America)
Fortune/Dec 20, 1999.
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