The capacity for progress that the Saltillo market has shown has been the key for various transnational companies to select the entity as a destination for new trends in the automotive sector. Multiple supplier companies in the sector
expand operations to adapt production lines for electric cars while others seek to innovate with the manufacture of batteries.
This is confirmed by the accumulated figures of the gross demand for industrial buildings between January and September 2022, where this market exceeds 580 thousand square meters, which is 47% higher than that registered in those same nine months of 2021. It is interesting to note that this gross demand accumulated places it as the third entity at the national level, below Monterrey and Mexico City.
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Custom-made projects or BTS accumulate 68% of the spaces that are demanded in the year, although the presence of this type of construction deepened with the works that began during the third quarter of the year where 90% make it up the BTS projects. Ramos Arizpe has the upper hand with 91% of gross demand during 3Q 2022, while the manufacturing and automotive sector are the largest participants in demand.
The development of a highly competitive supply chain that provides the products and services that the big brands based on the northern border require, has been the catalyst for foreign firms that supply the region together with local companies to work hand in hand in order to comply with the characteristics of the demand.
In this last month we have seen announcements in regional media such as the production expansion of Sodecia that will allocate 36 million dollars to boost its product portfolio through automation technologies to serve the North American markets, which is equivalent to 70% of the growth of its production.
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Aptiv also consolidates its position in the northeast of the country with components for electric cars, so between January and October 2022 it will have inaugurated three plants, which will allow it to promptly meet the needs of its customers in Mexico and the United States.
Another expansion for 7 million dollars is carried out by Wabtec Corporation with the start-up of its Plant IV in Arteaga, Coahuila, dedicated to strengthening the manufacture of cabins for locomotives and mining trucks.
To this are added the announcements of Fab Shop Metelmex, Hisun Motors and HL Klemove, the latter will build a new plant with an investment of 65 million dollars, also in Arteaga, estimating its settlement by mid-2023 and which will be used for its specialty, which is manufacture auto electrical parts, front camera, radar and DCU chassis for various auto companies.
As we have been able to review, the range of interested suppliers is wide, which has led to Coahuila increasingly competing with a network of developers and investors who launch a safe bet on a market that increasingly strengthens its competitiveness on the northern border.