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Mexico’s aerospace industry estimates $8 billion US in exports

Mexico City, Mexico — Mexico has become the center of global manufacturing for the aerospace industry with an annual growth rate of over 15 percent.

Carlos Robles, president of the Mexican Federation of the Aerospace Industry (FEMIA) says the industry maintains encouraging prospects which currently supports more than 50,000 jobs.

At the recent Mexico Aerospace Forum in Mexico City, Robles said, “We are optimistic. We estimate that we are going to exceed the $8 billion US in exports and we will be closing with around 60,000 jobs related to the sector and that we will be very close to the almost 400 plants or established companies in the country.”

The representative of the aerospace industry in Mexico said there’s three main topics the sector must attend to continue on the upward path.

First, the generation of human capital, which must be trained in specific skills for companies established in the country. Secondly, the development of treaties with other governments and certifications with aeronautical authorities in order to open the opportunities offered by the market.

The last, he noted, was regarding the development of the supply chain in terms of matching the needs of original equipment manufacturers (OEMs) and Tier 1 suppliers with the competencies and capabilities of the productive chains in Mexico.

Together, this would generate more attractive volumes that lead to better business opportunities.

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