Many investors consider Durango to be Mexico’s best-kept secret
Choosing a viable manufacturing locality is an important decision for investors. You do not want to invest in a manufacturing business in an area where you will have trouble with the government or locals. This is not good for business. After manufacturing your products you will need a ready market. Have you tried Durango Mexico?
Manufacturing firms from China, the US, and all over the world have established businesses here. In fact, the number of businesses is increasing. Many investors consider Durango to be Mexico’s best-kept secret. So why should you choose Durango Mexico? This article highlights the manufacturing climate in Durango Mexico, why to choose the city, and the best manufacturing practices you should adopt.
Manufacturing in Durango Mexico
Durango is one of the largest states in Mexico and is approximately the size of the US state of Mississippi. It is located in the northern region of Mexico and is strategically positioned between the country’s most vibrant economic hubs in Mexico City along the US border. This means it is in a prime position to offer business access to your manufacturing products.
Durango’s economy was once driven by mining and agriculture but has now thrived into a vibrant and diversified city of commerce after NAFTA was ratified in the early 1990s. Now there are hundreds of manufacturing and assembly facilities located throughout the city, but particularly in the region of the capital city, Durango Mexico.
Types of Industries Investing in Durango
There are a variety of industries investing in the area, including:
- Automotive parts
Examples of Companies Investing in Durango
- Sam’s Club
Based on 2015 business statistics, Durango Mexico received about $176 million in Foreign Direct Investment (FDI). Most of the FDI amount went to the manufacturing sector. This implies that there is something drawing a high level of FDI.
First, Durango has developed an adequate infrastructure. Mexico invested heavily in ensuring the country’s infrastructure is excellent. Due to the many infrastructural developments, Durango Mexico now boasts one of the best infrastructures in North America. It has an international airport, and the state has about 1,200 kilometers of rail. These offer transport, which is vital for transporting the manufactured products and bringing in raw materials.
Second, Durango boasts a huge skilled labor force. Annually, it produces about 1500 graduates in construction, engineering, and construction. The state has about 60 institutions of higher learning. Based on 2015 statistics, there were approximately 200 academic researchers employed in the state. This paved the way for the advancement of technological and scientific expertise, especially in the agriculture, biotech, and medical fields. The labor costs for skilled and well-educated workers are typically less than the national average and companies do not have to spend more on labor.
The Mazatlan Post