Aerospace Industry in Baja California: British Companies Will Invest $ 300 Million
The state accounts for 25% of the country's aerospace industry. This release is translated from the Spanish Article Published in the “El Mexicano, Gran Diario Regional" on January 18th, 2011: “Invertiran Empresas Britanicas 300mdd”
Despite widespread violence in Mexico, close to 15 aerospace companies from the UK have agreed to invest $300 million dollars in the Baja California region, where 25% of the aerospace industry in Mexico is located.
The president of the Tijuana Development Committee (CDT), Miguel Ojeda Padilla; the Undersecretary for Economic Promotion for the Coastal Zone of SEDECO, Paulo Alfonso Carillo; and the Secretary for Economic Development for the City of Tijuana, Miguel Velasco Bustamante, announced they would be receiving the visit of the UK investors.
“Thanks to the great opportunities for investment offered by the city, the Secretary of Tijuana Economic Development (SEDETI) in conjunction with the state government; Advancing UK Aerospace, Defense and Safety (ADS); and the UK Office of Trade and Investment in Tijuana have organized the fist bi-national trade mission in the aerospace sector,” they said.
The mission is composed of aerospace companies from the UK. These companies will be exploring the business opportunities offered in both Tijuana and Mexicali.
So far, about 15 companies are attending the event that will be held in the city from January 19th through January 21st, 2011.
The program includes interaction with business and economic development organizations, company visits, seminars and activities in Tijuana and Mexicali. A key event will be a welcome cocktail party organized by the UK Consulate in Tijuana.
It was also announced that the first International Suppliers Forum for the aerospace cluster will take place on July 20th and 21st, 2011 with the aim of strengthening a an effective supply chain for the industry.
Mr. Luis Calette is the representative for the U.K. Office of Trade and Investment for the State of Baja California. Mr. Calette pointed out that the visit came about as a result of the important role the State of Baja California plays in the aerospace industry. The mission is looking initially to do business with companies already established in the state and in a second stage to analyze possible investments in the region.
When asked if there is fear among British investors about the violence in the country, Mr. Calette commented that the delegation is well aware of the current situation that Mexico is facing in terms of security. He stressed that this has not prevented companies from showing an interest in investing and so far have no one has commented regarding safety.
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