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2018-09-12   11:53:14   INGLÉS
Mexican aerospace industry attracts more French investment

By Carlos Trejo Serrano

Mexico, Sep. 12 (Notimex).- More than 20 Small and medium-sized French companies maintain their commitment to the aerospace industry in Mexico and are expected to invest up to 200 million dollars in the medium term.

"That is what we expect, that a mission like this one could generate in the medium term", commented Guillermo Garza García, commercial counselor of ProMéxico in Paris, France, noting that since last Monday, representatives of 24 French companies arrived in our country.

Among the companies are Airbus Helicopters, Cefival, Coriolis Composites Technologies, Emitech, Roxel, Safran Spema and Zodiac Aerospace, he said.

The official indicated that the businessmen will meet with representatives of state governments and will visit various plants, training centers and clusters of the aerospace sector in Mexico City, Queretaro and Chihuahua, in order to generate new bilateral business opportunities.

In an interview with Notimex, he said that this sector continues to be one of the most dynamic and attractive for the world, since it has shown an average annual growth rate of close to 14 percent during the last 10 years.

According to ProMéxico, the aerospace industry has attracted more than two thousand 500 million dollars in Foreign Direct Investment (FDI) during the period from 2007 to 2017 and is expected to reach two thousand 900 million dollars in 2020.

In addition, it is expected that Mexico will be placed among the ten leading exporters in components in the aerospace industry by 2025.

Garza García pointed out that in this matter there are important advances in infrastructure, processes and standards, which are key to driving the three axes (machining, composite materials and engineering and design) in which they will work with French companies.

He added that all this will be evaluated during this week by the Mexico-France aerospace mission, and he hoped that this will soon give an answer on the exact investment in our country.

NTX/CTS/DPC/MDT/JCG

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