The Mexican Supplier ReportThe Webasto .....291 Yazaki.....294
5
The Mexican Supplier Report 2012 Edition Supplier Business Sponsored by
Transcript of The Mexican Supplier ReportThe Webasto .....291 Yazaki.....294
The MexicanSupplierReport2012 Edition
SupplierBusiness
Sponsored by
CONTENTS
Executive Summary ......................................................................................................... 8
Economic Scenario in Mexico .......................................................................................... 9
Key Indicators ............................................................................................................ 11
Export-oriented market; FTAs cover over 40 countries ................................................. 13
NAFTA...................................................................................................................... 15
Increasing foreign investment .................................................................................. 16
Government incentives for suppliers ............................................................................ 18
Mexico’s regulations for manufacturing plants - Maquiladora Programme .................. 18
Weak Peso has made exports attractive .................................................................... 21
Overview of Mexico’s Automotive Industry .................................................................... 22
Domestic vehicle sales recording reasonable recovery since 2008-09’s slowdown....... 22
Leading automakers in Mexico ................................................................................... 24
C-segment dominates local automotive market ......................................................... 26
Greater reliance on import to meet local demand ..................................................... 32
Industry performance in 2012 ...................................................................................... 32
Automakers increasing investments ............................................................................. 33
Japanese automakers expanding presence ................................................................ 34
European automakers’ interest is growing too .......................................................... 37
Mexico becoming attractive manufacturing base for smaller, fuel-efficient vehicles .... 37
Mexico’s Automotive Components Supply Base ............................................................. 40
United States is a major export destination ............................................................... 41
Investments by Suppliers ............................................................................................. 42
Powertrain production dominates ............................................................................ 45
Dominance of foreign suppliers ............................................................................... 46
Few strong domestic suppliers ................................................................................. 47
Growing trend of co-location ................................................................................... 48
Major automotive clusters ....................................................................................... 50
Outlook and Challenges.................................................................................................. 53
Vehicle sales ............................................................................................................... 53
Vehicle production ...................................................................................................... 55
Challenges and growth prospects ................................................................................. 56
Growing protectionism ............................................................................................... 58 Supplier Profiles ............................................................................................................. 61
ABC Group ................................................................................................................ 61
Aisin Seiki .................................................................................................................. 63
The Mexican Supplier Report Sponsored by HOULIHAN LOKEY
© 2012 IHS Global Limited 4
Alcoa.......................................................................................................................... 66
Alfa ............................................................................................................................ 70
Autoliv ....................................................................................................................... 73
Behr ........................................................................................................................... 77
Benteler ...................................................................................................................... 81
Borgwarner ................................................................................................................. 83
Bosch ......................................................................................................................... 86
Brembo....................................................................................................................... 91
Bridgestone ................................................................................................................. 95
Brose .......................................................................................................................... 99
Calsonic Kansei ......................................................................................................... 103
CIE Automotive ........................................................................................................ 107
Condumex Automotive.............................................................................................. 110
Continental ................................................................................................................ 115
Cooper Standard Automotive ..................................................................................... 119
Dana ......................................................................................................................... 122
Delphi ....................................................................................................................... 127
DuPont ..................................................................................................................... 132
Dura Automotive....................................................................................................... 136
Ficosa ........................................................................................................................ 139
Flex-N-Gate .............................................................................................................. 143
Gestamp .................................................................................................................... 145
GKN ......................................................................................................................... 147
Grammar................................................................................................................... 151
Grupo Bocar .............................................................................................................. 154
Grupo Industrial Armas ............................................................................................. 155
Grupo Industria Saltillo ............................................................................................. 156
Grupo Quimmco ....................................................................................................... 159
GST Autoleather ....................................................................................................... 162
HBPO ....................................................................................................................... 163
Hella ......................................................................................................................... 165
Hutchinson ................................................................................................................ 170
Iochpe-Maxion .......................................................................................................... 172
JK Tornel .................................................................................................................. 175
Johnson Controls ....................................................................................................... 176
Katcon ...................................................................................................................... 180
Key Safety Systems .................................................................................................... 182
The Mexican Supplier Report Sponsored by HOULIHAN LOKEY
© 2012 IHS Global Limited 5
Kuo Automotriz ........................................................................................................ 184
Le Bélier .................................................................................................................... 187
Lear........................................................................................................................... 189
Leoni ......................................................................................................................... 192
Linamar .................................................................................................................... 194
Magna ....................................................................................................................... 197
MAHLE .................................................................................................................... 201
Martinrea .................................................................................................................. 204
Meritor ...................................................................................................................... 207
Metaldyne ................................................................................................................. 211
Metalsa...................................................................................................................... 214
Michelin .................................................................................................................... 216
Mitsuba ..................................................................................................................... 219
Modine ...................................................................................................................... 221
Molex ........................................................................................................................ 223
Montupet................................................................................................................... 226
Peasa Autoparts ......................................................................................................... 228
Plastic Omnium ......................................................................................................... 229
PPG Industries .......................................................................................................... 232
Progress-Werk Oberkirch ........................................................................................... 235
Remy ........................................................................................................................ 237
SABIC Innovative Plastics ......................................................................................... 239
Sanden ...................................................................................................................... 242
SANLUIS Rassini ..................................................................................................... 244
Schaeffler ................................................................................................................... 246
Stoneridge ................................................................................................................. 251
Takata ....................................................................................................................... 254
Tenaris ...................................................................................................................... 257
Tenneco .................................................................................................................... 259
ThyssenKrupp ........................................................................................................... 262
TI Automotive ........................................................................................................... 266
TMD Friction ............................................................................................................ 268
Toyoda Gosei ............................................................................................................ 270
TRW Automotive ...................................................................................................... 273
Valeo ......................................................................................................................... 278
Visteon ...................................................................................................................... 284
Vitro .......................................................................................................................... 288
The Mexican Supplier Report Sponsored by HOULIHAN LOKEY
© 2012 IHS Global Limited 6
Webasto .................................................................................................................... 291
Yazaki ....................................................................................................................... 294
ZF ............................................................................................................................. 296
LIST OF TABLES AND FIGURES Figure 1: GDP Growth in Mexico (%) .............................................................................. 9 Figure 2: GDP Per Capita (USD) .................................................................................... 10 Figure 3: Mexico - Exports, Imports (USDbn) ................................................................. 11 Figure 4: Industrial Production (% Change) .................................................................... 11 Figure 5: Unemployment Rate (%) .................................................................................. 12 Figure 6: US Industrial Production and Mexico's GDP Growth % ................................... 15 Figure 7: Total FDI in Mexico (USDm) .......................................................................... 16 Figure 8: FDI in Vehicles and Parts (USDm) ................................................................... 17 Figure 9: The emerging markets comparison ― Brazil, China, Mexico on the Global Competitiveness Report .................................................................................................. 19 Figure 10: Mexico's domestic market is still smaller than the BRIC countries ................... 23 Figure 11: Annual Sales of Light Vehicles (in units) ......................................................... 23 Figure 12: LV Market Share comparison 2005 v. 2011, by automaker .............................. 25 Figure 13: Light Vehicle Market Share comparison 2005 v. 2011, by segment .................. 26 Figure 14: Annual Production - Light Vehicles (in units).................................................. 28 Figure 15: Vehicle production and exports in Mexico are highly correlated ...................... 30 Figure 16: Vehicle Export destinations, 2009 v. 2011 ....................................................... 31 Figure 17: Mexican automotive industry has maintained growth in production, sales and exports in first five months of 2012 .................................................................................. 33 Figure 18: Auto Parts Production (USDbn) ..................................................................... 40 Figure 19: Auto Parts Trade ............................................................................................ 41 Figure 20: Auto Parts Trade with the US ......................................................................... 41 Figure 21: FDI in Auto Parts (USDm) ............................................................................ 42 Figure 22: Auto Parts Production by Type (2010, in value terms) ..................................... 46 Figure 23: Mexico’s automotive clusters .......................................................................... 50 Figure 24: Forecast - Annual Vehicle Sales (in units) ....................................................... 54 Figure 25: Vehicle production in Mexico is forecast to reach 4.2 million units by 2020 ..... 55 Figure 26: Vehicle sales in US is forecast to reach 17 million by 2020 ............................... 56
Table 1 List of Mexico’s Free Trade Agreements ............................................................. 13 Table 2: Recent investment by automakers in Mexico ...................................................... 38 Table 3: Recent investment by suppliers in Mexico .......................................................... 42 Table 4: Suppliers by location ......................................................................................... 51
The Mexican Supplier Report Sponsored by HOULIHAN LOKEY
© 2012 IHS Global Limited 7
