representation of the President of Mexico, Enrique Peña Nieto, the Secretary of
Economy, Ildefonso Guajardo Villarreal, attended today, in San Martín
Texmelucan, a ceremony of expansion of the plant owned by the Rassini company,
which designs and produces components for suspension and brakes for the
The Governor of
Puebla, Rafael Moreno Valle; the Directors of the company, Eugenio Madero and
Antonio Madero; the Secretary of Competitiveness, Employment and Economic
Development of the state, Cristina González; as well as local authorities and
company representatives were present.
information of the company, just over $ 25 million were invested to expand the
production area; besides, the direct jobs will increase to 500 thousand.
The Secretary of
Economy said that, before the entry into force of the North American Free Trade
Agreement (NAFTA), Mexico exported four billion dollars in auto parts and today
have reached 157 billion dollars.
The growth of the
industry said, has placed Mexico in the fifth place, worldwide, in exporting
In particular, he
referred to the historic moment in the country's investment: since the first of
December, when Enrique Peña Nieto assumed the Presidency of the Republic,
Mexico has earned 22 thousand 600 million dollars in the terminal and parts
industry through investment announcements, the placing of first stones or plant
He commended the
high dynamics of development of Puebla with the leadership of Governor Rafael
Moreno Valle and the commitment of visionary entrepreneurs like Antonio Madero
Bracho, who, as founder, he had to face the first big moment of Rassini.
"He built his first auto parts plant in 1988. At that time, I am sure,
Antonio could not imagine the possibilities it had to integrate a free trade
market in North America."
generation, before 1994, it was unthinkable that three economies with different
levels of development could ally in a free trade zone. The truth is that, it
was achieved, it was joined, and many Mexican businessmen doubted about that
step, because they believed we had not the competitive capabilities to face
it," said the Secretary of Economy.
As stated by the
Governor, said the Secretary of Economy, more than a hundred of Mexican
companies, not only were able to compete to further positioning themselves in
the domestic market, as Rassini did, internationally, with highly efficient
plants worldwide. And that it is thanks to the quality of the Rassini family
Director General of Rassini, stressed that his company has grown in Mexico and
in its development, so that "we are investing in an expansion program of
more than 40 percent of capacity, which will make us reach 26 percent the North
American market in a record time."
He stressed that
its customers include world-class automotive companies like General Motors,
Ford, Nissan, Volkswagen, Fiat, Chrysler, Audi and Toyota, among others.
He said "this
plant and these people is the best there is", while he recalled that in
May 2014 he received from the President, Enrique Peña Nieto, the National
Export Award. It was a great achievement and, as a sign of confidence in the
investors, the stock of the company rose 400 percent in value, being the most
advanced of all companies listed on the Mexican Stock Exchange.
The Governor Rafael
Moreno Valle recognized the Government of the Republic, and in particular the
Secretary of Economy, for his unconditional support to the entrepreneurs from
Puebla, "with whom we share the conviction that the best way to bring
progress and development is through investments".
Ildefonso Guajardo was accompanied by the General Coordinator of Federal
Delegations of the Secretariat of Economy, Jorge Cantú Valderrama, and the
Delegate in the state, Juan Pablo Jiménez Concha.
Rassini is the
largest producer of components for suspensions of light commercial vehicles and
of brake discs vertically integrated of the American continent. It has eight
manufacturing plants located in the United States, Mexico and Brazil, and four
technology centers in these countries.