Manufacturing sector shows exponential growth in Yucatán

45 days ago, on November 30 2017,  the Leoni Wiring Systems plant was inaugurated in Yucatan, where electric harnesses will be manufactured to be installed in commercial vehicles of the companies Volvo, General Motors and BMW.

Leoni is one of the world leaders in the development and production of electric cables and harnesses, used mainly in the automotive industry.

This plant will employ around 1,000 Yucatecans during 2018, with the professional profiles of industrial engineers, in production and logistics, technical specialists, accountants, administrative assistants and systems technicians, with a 90% female workforce.

The arrival of Leoni to Yucatan is not a coincidence, since it is evident that Yucatán has become a magnet for industrial investments, thanks to the security conditions, human capital and legal certainty that companies find in the state.

In the last two decades, Yucatan’s industrial growth has been shaping up to achieve historic results. Between 2003 and 2012, Yucatan’s manufacturing industry grew 14%, an annual average of over 1%. In the last five years, between 2012 and 2017, that sector has advanced 43%, an average of nearly 9% growth per year.

This progress has placed Yucatán in second place of manufacturing growth nationally for more than a year and a half, and has allowed the industrial sector as a whole to grow at an unprecedented pace.

During the first eight months of 2017, the Yucatecan industry has grown 6.3%, maintaining the pace with which it closed last year and placing the industrial sector of Yucatan among the top five in Mexico.

The last 12 months are proof of the new great relevance the industrial has acquired in Yucatan. During this period, together with the Leoni Wiring Systems, the Yucatecan Cervecería de Grupo Modelo, the aluminum can plant of Envases Universales and the Empaques Nova factory were set up. It is important to mention that each of these companies is an international leader in its sector and makes important exports to Central America, the United States and European countries.

These new industrial plants have also been a factor in the important generation of employment that Yucatan has witnessed for the last five years. In this period of time,  about 1,100 jobs have been generated per month on average, more than the double of those generated in previous years (for example, between 2001 and 2012, the job generation monthly average was 388 new jobs per month).

Source: http://www.yucatan.com.mx/merida/impulsor-del-empleo-2

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