Last Updated on April 5, 2023
The maquiladoras, also known as maquilas, are manufacturing facilities located in Mexico, which operate under a special program that allows them to import raw materials and components from other countries, mainly the United States, without paying tariffs or taxes. These materials are assembled or processed into finished goods, which are then exported back to the country of origin or other markets.
Strong Fits for The Maquiladora include industries such as electronics, automotive, aerospace, and medical devices. These industries require a high degree of specialization, advanced technology, and skilled labor, which can be found in Mexico's maquiladoras. The maquiladora program also provides a favorable business environment with low costs and easy access to the North American market. This makes it an attractive option for foreign companies looking to take advantage of Mexico's proximity to the United States and its lower labor costs. As a result, the maquiladora industry has become an essential part of Mexico's economy, providing jobs and income for millions of workers.
Maquiladoras are typically owned and operated by foreign companies, mostly from the United States, and are established near the US-Mexico border. They were first established in the 1960s as a way to take advantage of Mexico's lower labor costs, favorable geographic location, and access to the North American market.
The maquiladora industry has been a significant driver of economic growth in Mexico, providing jobs and income for millions of workers. The Maquiladora provide a safe work environment for the workers while also producing complex products at a cost-effective rate. In this whitepaper, we explore the strong Fits for The Maquiladora.
About NovaLink
As a manufacturer in Mexico, NovaLink employs a unique approach that transcends the traditional model of shelter production. More than just the location of your manufacturing, we would like to become a partner in your manufacturing in Mexico. You will be able to relocate or initiate manufacturing for your company in Mexico in a low-cost labor environment with very little delay or up-front costs. Find out how we can help you by handling the manufacturing process.
There are NovaLink facilities in the border cities of Brownsville, Texas, Matamoros, Mexico, and Saltillo, Mexico.