Trending

Newsletter

Despite Trump, Several American Companies Plan Mexico Expansion

By: Elena Toledo - @NenaToledo - Feb 9, 2017, 3:16 pm
Donald Trump has promised to prevent companies from shipping jobs to Mexico, but it hasn't seemed to deter several American companies (
Donald Trump has promised to prevent companies from shipping jobs to Mexico, but it hasn’t seemed to deter several American companies (Capital).

Español

Several US companies are planning expansion into Mexico despite warnings from President Donald Trump to impose taxes according to The Wall Street Journal.

The newspaper said that Rexnord, a company dedicated to the manufacture of industrial bearings, plans to close one of its factories in Indiana where it employs 350 people and transplants those operations to Mexico. This decision has been taken despite Donald Trump criticizing this company last December for “insensitive dismissal” of American workers.

The company is headquartered in Milwaukee, Wisconsin, and argues that taking its plant to Mexico is part of a plan to save USD $30 million a year.

“Rexnord is one of many companies that plans to invest in Mexico despite Trump’s promises to pressure companies to maintain their assembly lines in the United States,” the US newspaper said.

Other companies that will keep their investments in Mexico are heavy equipment manufacturer Caterpillar as well as steelmaker Nucor, whose directors form part of the board that advises Donald Trump on industrial and trade policies.

Caterpillar is maintaining its investment plans, including moving some of the company’s jobs from the state of Illinois to the city of Monterrey in northern Mexico.

The Caterpillar spokesman said the company has been reducing its workforce around the world to maintain its viability “in the longest recession in our 92-year history.”

On the other hand, North Carolina-based Nucor is continuing its expansion in alliance with the Japanese company JFE Steel to carry out the construction of a new plant in Mexico to manufacture steel for the automotive industry.

Another company that continues to bet on Mexico, Manitowoc FoodService, is increasing its plans to close its soft drink dispenser factory in the state of Indiana where it currently has 80 jobs.

Plans to move its operations from Indiana to Mexico had been announced last August when they publicized that many of their existing plants would be relocated to the Aztec country.

Meanwhile, electronics maker CTS Corp still plans to close its Indiana plant operations in mid-2018 and relocate the production to China, Mexico and Taiwan, a spokesman for the company said.

Source: El Universal

Elena Toledo Elena Toledo

Educator by trade, social-media apprentice, activist for a democratic Honduras, and free thinker. Follow her on Twitter @NenaToledo.

Power Struggle inside Sinaloa Cartel: El Chapo’s Children Ambushed, Injured

By: Elena Toledo - @NenaToledo - Feb 9, 2017, 2:24 pm
cartel-de-sinaloa-chapo

EspañolInternal struggles within the Sinaloa Cartel have reached new heights, as the children of Joaquín "El Chapo" Guzmán were wounded last Saturday during an ambush ordered by another leader within the organization. Dámaso López, one of the main operators of the Sinaloa Cartel, ordered an attack on the cartel leader's children last week, in an attempt to gain power within the criminal organization. Last Thursday, El Chapo's children sent a handwritten letter stating they were accompanied by Ismael "The May" Zambada, partner and presumed successor of the Sinaloa Cartel, during the attack. The letter has not yet been confirmed by El Chapo's lawyers. When they arrived to the meeting place, Guzman's sons noticed that Lopez was not there and the family's personal escort was shot and instantly killed on the spot. Read More: Colombia President Santos Allegedly Accepted Odebrecht Bribes During 2014 Campaign Read More: Colombia Officials Search Odebrecht Offices for Evidence of Bribery According to the letter, when they realized that they had been victims of "treason," El Chapo's children and Zambada fled, but found people armed and ready to kill under Damaso's orders. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1459522593195-0'); });   After traveling several miles, they were injured and aided by locals in a small town. It was not specified whether Zambada also was injured in the incident. Jose Refugio, Guzman Loera's attorney, said that though he tried to detach himself from "many issues that do not belong in a legal environment," he said he had learned about the letter because he was close with his defendant's family. "It is of my knowledge that the letter is from Guzman's children, but it is something that I do not have direct proof of," the attorney said. Source: El Universal

Weekly E-Newsletter

Get the latest from PanAm Post direct to your inbox!

We will never share your email with anyone.