Mexico has enjoyed a surge in exports of manufactured goods since the beginning of the year, and two Georgia-based companies opening facilities there are preparing to take advantage of the rebounding economy there, said Alejandro Elizondo, the executive vice president of the Mexican Investment Board (MIB).
Blue Bird Corp., a Macon-based bus manufacturer, and Lithonia Lighting Co., which produces light fixtures, have continued to invest in Mexico despite the peso’s weakness. Mr. Elizondo said that the two companies are completing work on manufacturing facilities.
With exports growing at an annual rate of 56% in the first five months of this year, the country is rebuilding its hard currency reserves.
Blue Bird has invested around $30 million in a plant to employ 200 people in Monterrey that will supply customers throughout Central America, he said. Lithonia Lighting, with an outlay of around $7 million, will open a lighting fixtures facility that will be a beginning in the Mexican market, Mr. Elizondo said in an interview.
The MIB promotes foreign investment in Mexico, said Fernando de la Mora, assistant trade commissioner of the Mexican Trade Commission in Atlanta.
For more information, Mr. De la Mora may be reached at (404) 522-5373; fax (404) 681-3361.