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Brazil and Mexico are positioned among the two Latin American countries with the largest production of cast metals in the world, a position achieved despite the fact that during the covid-19 pandemic “the situation of the industry was very complicated”, said this Monday the director of Global Sales of the Mexican company Fundiciones Nardo, Jorge Vázquez Lujano.
In the case of Mexico, the sector is expected to grow by 3% by 2024, an increase that, according to Fundición de Metales en México, is due to the relocation of companies or “nearshoring”, as it has generated investments of US$1.8 billion for the sector, which is made up of 1,000 companies.
“Thanks to ‘nearshoring’, the foundry industry has reached its investment target of US$1.8 billion, which was planned for 2026, ahead of schedule, and an additional percentage of up to 50% is now projected,” said Bruno Jaramillo, general director of the Mexican Foundry Society (SMFAC), about Mexico.
Jaramillo also argued that “the foundry sector is the basis of the entire metal manufacturing production chain,” creating more than 65,000 direct jobs and another 205,000 indirect jobs in ferrous and non-ferrous products for “practically all manufacturing sectors in the country,” with the automotive sector standing out, which supplies 63% of manufacturing.
Qualified jobs and competitiveness
However, he warned that production has a 62% deficit in specialized personnel, referring to mechatronics engineers and technicians, which is why there is currently “an effort to create new specialist cadres for this sector.”
The deficit is present throughout the Latin American region, because women have been excluded from STEM careers, that is, those related to science, technology, engineering, and mathematics.
According to Vázquez, another factor that threatens manufacturing is competition in the market from countries such as China, Turkey, and India, as they are the ones that “have prices up to 30% lower than Mexicans.”
However, the director of Fundiciones Nardo raised the issue that delivery times for these destinations are on average six to eight months, while foundries in Mexico take approximately two months, which gives the American territory “a competitive advantage”. In this sense, he emphasized that, in order to continue promoting these advantages of the sector, it is important to generate global meetings such as FundiExpo, an event that will be attended by more than 350 companies from all over the world from October 16 to 18 in the Mexican capital.
In the case of Mexico, the sector is expected to grow by 3% by 2024, an increase that, according to Fundición de Metales en México, is due to the relocation of companies or “nearshoring”, as it has generated investments of US$1.8 billion for the sector, which is made up of 1,000 companies.
“Thanks to ‘nearshoring’, the foundry industry has reached its investment target of US$1.8 billion, which was planned for 2026, ahead of schedule, and an additional percentage of up to 50% is now projected,” said Bruno Jaramillo, general director of the Mexican Foundry Society (SMFAC), about Mexico.
Jaramillo also argued that “the foundry sector is the basis of the entire metal manufacturing production chain,” creating more than 65,000 direct jobs and another 205,000 indirect jobs in ferrous and non-ferrous products for “practically all manufacturing sectors in the country,” with the automotive sector standing out, which supplies 63% of manufacturing.
Qualified jobs and competitiveness
However, he warned that production has a 62% deficit in specialized personnel, referring to mechatronics engineers and technicians, which is why there is currently “an effort to create new specialist cadres for this sector.”
The deficit is present throughout the Latin American region, because women have been excluded from STEM careers, that is, those related to science, technology, engineering, and mathematics.
According to Vázquez, another factor that threatens manufacturing is competition in the market from countries such as China, Turkey, and India, as they are the ones that “have prices up to 30% lower than Mexicans.”
However, the director of Fundiciones Nardo raised the issue that delivery times for these destinations are on average six to eight months, while foundries in Mexico take approximately two months, which gives the American territory “a competitive advantage”. In this sense, he emphasized that, in order to continue promoting these advantages of the sector, it is important to generate global meetings such as FundiExpo, an event that will be attended by more than 350 companies from all over the world from October 16 to 18 in the Mexican capital.
Brasil e México se posicionam como principais produtores de metais da América Latina | Exame
Produção emprega quase 230 mil pessoas de cerca de 3.000 empresas que contribuem com 3,1% do PIB, diz CNI
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