Meximold Attendees Can Take Advantage of USMCA Opportunities
Meximold's (11/20-21; Querétaro) will include a meeting of suppliers in which more than 200 business appointments will be held between those who demand molds in Mexico and those who are able to produce and/or repair them.
Meximold's organization, an event to be held from November 20 to 21 in Querétaro, will include in its exhibition and conference offer a meeting of suppliers in which more than 200 business appointments will be held between those who demand molds in Mexico and those who are able to produce and/or repair them.
The meeting will have the support and experience of CAPIM that, through a technological platform that has proven its effectiveness in 10 years of operation, will be responsible for making the filter between the demand that the industry has and the production capabilities of the Mexican molders. The meeting is open to both Meximold participants and suppliers and those who are part of the CAPIM register. Once all demand requirements are loaded into the system, those interested in making offers will be able to register on the platform, request the appointment to the buyer and the buyer will be in charge of evaluating the product profile of the applicant and its capabilities to, finally, scheduling a business appointment.
The situation that manufacturing industry is experiencing in Mexico now fosters, more than ever, the integration of domestic production within the supply chains of companies installed in the country. This is explained by several factors that make 2019 the year of the "perfect storm" for the mold, tooling and die sector.
Forecasts from trade associations such as Industria Nacional de Autopartes, INA, (National Autoparts Industry), and Asociación Mexicana de la Industria Automotriz, AMIA, (Mexican Association of the Automotive Industry) indicate that by 2021 demand for auto parts will reach USD 93 billion. This, according to the Asociación Mexicana de Manufactura de Moldes y Troqueles (Mexican Association of Manufacture of Molds and Dies), will result in OEMs and the links in the supply chain looking for cost-effective and sustainable options that guarantee local mold maintenance services and engineering changes, competitive mold acquisition, a significant reduction in non-aggregated and inventory value elements, and local interaction with mold manufacturers for product design.
In addition, once the renewed Treaty between Mexico, United States and Canada (USMCA or T-MEC in Spanish) comes into effect, the regional content requirement quota for the automotive industry will increase from 60% to 75% which will force the industry to seek new suppliers to replace imports mainly from South Korea, Japan, China and Germany with products manufactured in Mexico.
In concrete figures, according to Rene Mendoza, National Coordinator of the Cadena de Proveedores de la Industria México, CAPIM, (Mexico’s Industry Supplier Chain), this means that if in 2018 Mexico imported supplies for the automotive industry for about USD 52 billion, that amount will be reduced and the Mexican industry could attract therefore new businesses by more than USD 22 billion.
For buyer requirements, appointment requests and other information related to the Supplier Meeting visit www.meximold.com and www.capim.com.mx/
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