China investment, in search of Mexican companies

With a growth of 600 percent in the last year, with only six in Mexico, the Chinese company, Hytera Group, says it is here to stay; it considers that beyond problems such as economic stagnation or insecurity, this is a strategic country, free market and competition.

With a growth of 600% in the last year, the Chinese company Hytera Group considers Mexico a strategic country of free market and competition.
With a growth of 600% in the last year, the Chinese company Hytera Group considers Mexico a strategic country of free market and competition.

The above was referred by the director of key accounts of Hytera Group Mexico, David Ludeña Farfán, after his participation in the Summit 1000 most important companies in Mexico.

Ludeña Farfán recognized that the owners of the company, a leader in radio communication systems, "have a long-term vision for Mexico", the economy and even security.

She explained that the company has been in Mexico for six years, but is not a new participant, since in 2017 it bought the companies Sepura and Teltronic, which have 15 and 10 years established in the country, and with them, it strengthened and expanded.

"To make a similar, (until) today we have more or less, 50 percent of the standard IP radio communication network sold in Mexico, we have 250 antennas throughout the Republic and we have about 40 thousand or 50 thousand terminals. This means that Hytera is not a new participant, it is a sustained and important competitor in Mexico", he stressed.

Ludeña pointed out that the Chinese company has not had limitations on access to the Mexican market "what there are are are the typical barriers that exist in any market, and what we have to do is show our best competitiveness, the best business practices, so that we can be selected in different areas, both public and private.

The executive indicated that Mexico "is opening to free competition especially in strategic sectors such as security, so we are interested in participating in the domestic market".

He announced that they seek to participate in the renewal of the National Radio Communication Network, so the company raises its hand to compete in this important project of the Mexican State: "a project that will bring a renewal of a system (of radio communication) that in the last 20 years has been provided by a single brand".

He reported that starting this year, both the federal and state governments decided that the renewal of the radio communication system would be opened to free competition.

"We are betting on the project, which represents a significant investment, because 500 stations or 500 antennas are being migrated to make it easier, and some 200,000 users will have this network".

Ludeña, without specifying the amount of the investment, highlighted that according to figures from the National Polytechnic Institute, in 2018 a renewal of a radio communication system of this type is stipulated at around 500 million dollars, an amount that the federal government estimates should be allocated to the renewal of a network of this type.

He added that the company's services "are in transportation, in the subway of Mexico City, Guadalajara, Monterrey, we are suppliers of the technology of radio train land of all meters.

He also commented that the radio communication systems of his company are in hotels, in the two main airlines in Mexico, we are the one who generates or provides the radio communication systems; as well as to shopping centers, hospitals, and security company.

Finally, he said that with the possible entry into force of the Treaty between Mexico, the United States and Canada (T-MEC), "they are not concerned that Mexico is the main trading partner of the United States, on the contrary, we will have more business opportunities".

Source: Notimex

Mexico-China trade amounts to 85 billion dollars in 2018

In 2018, bilateral trade between Mexico and China reached 85 billion dollars, of which 76 billion was the product of the importation of goods from the Asian nation, and about 9 billion Mexican exports; an amount that represented an increase of 32 percent in the last five years.

This was reported by Jorge Macías Jiménez, president of the National Chamber of Commerce, Services and Tourism (Canaco-Servytur) Tijuana during a meeting he held with the government delegation of Shandong Province, China. Meeting where they explored investment and trade opportunities; besides visualizing areas of economic cooperation that contribute to the development and well-being of both communities.

The leader of the Tijuana merchants assured that "we are in an excellent time to resume our commercial relationship, since the president of Mexico, Andrés Manuel López Obrador, has foreseen in this region a series of public policies and government measures that will create an environment more competitive to the productive activities, that at the same time will be an incentive to the foreign investment and development of strategic projects ".

In a statement, it was detailed that Macías Jiménez thanked the members of the Chinese delegation for their visit, and urged them to make their investments in Tijuana, in order to join new areas of cooperation and business opportunities in the Cali-Baja region.

At the meeting attended by Bernabé Esquer Peraza, Secretary of Economic Development of Tijuana; Carlos Arturo Higuera, president of Deitac and Zhang Xingchen, Secondary Inspector of the Provincial Department of Commerce of Shandong - the Chinese businessmen showed their gratitude to the Mexican authorities for the support they have received so far, and exposed the interest of investors of the nation Asian to open more business in Tijuana.

By Mexicanist