What are factories called in Mexico?

What are factories called in Mexico?

maquiladora
The term maquiladora refers to a factory or manufacturing plant in Mexico. These corporations are approved for operation by the country’s Secretariat of Commerce and Industrial Development under a decree established in 1989 and are owned by foreign entities.

What are foreign owned factories in Mexico called?

Maquilas are foreign-owned factories in Mexico, many American-owned, that produce goods for export. Mexican and Asian interests also own maquilas, which sprung up like mushrooms after the rain when NAFTA took effect in 1994.

What are foreign owned factories called?

What are foreign owned factories called? A maquiladora (Spanish: [makilaˈðoɾa]), or maquila (IPA: [maˈkila]), is a company that allows factories to be largely duty free and tariff-free. These factories take raw materials and assemble, manufacture, or process them and export the finished product.

What is the purpose of maquiladoras?

A maquiladora (Spanish: [makilaˈðoɾa]), or maquila (IPA: [maˈkila]), is a company that allows factories to be largely duty free and tariff-free. These factories take raw materials and assemble, manufacture, or process them and export the finished product.

Where are the factories in Mexico?

There are three main manufacturing industrial hubs in Mexico: Baja California and the U.S.-Mexico Border Region, El Bajio, and Mainland Mexico.

What does maquiladoras mean in English?

factory
: a foreign-owned factory in Mexico at which imported parts are assembled by lower-paid workers into products for export.

What’s the meaning of maquila?

(məˌkiːləˈdɔːrə) or maquila (məˈkiːlə) noun. a foreign-owned factory in Mexico which uses cheap Mexican labour to assemble products and then exports the products back to the country of origin.

What are the major factories in Mexico?

Currently, the ten biggest auto companies that made the decision to host their manufacturing production in Mexico include:

• Toyota.
• Volkswagen Group.
• Daimler.
• BMW.
• Ford Motors.
• Honda Motors.
• General Motors.
• Hyundai Motors.

What is produced in Mexico?

Mexico produces large quantities of maize (corn), coffee, sugar cane, beans tomatoes and avocados. Mexico also produces tropical products such as sugarcane, bananas, pineapples, papayas, mangoes, coffee and cacao.

What is maquiladora in Mexico?

Maquiladoras (also known as “twin plants”) are manufacturing plants in Mexico with the parent company’s administration facility in the United States. Maquiladoras allow companies to capitalize on the less expensive labor force in Mexico and also receive the benefits of doing business in the United States.