Region happenings aplenty as summer begins nwitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nwitimes.com Daily Mail and Mail on Sunday newspapers.
For first time in two decades, U.S. buys more from Mexico than China seattletimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seattletimes.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON — In the depths of the pandemic, as global supply chains buckled and the cost of shipping a container to China soared nearly twentyfold, Marco Villarreal spied an opportunity. In 2021, Villarreal resigned as Caterpillar’s director general in Mexico and began nurturing ties with companies looking to shift manufacturing from China to Mexico. He found a client in Hisun, a Chinese producer of all-terrain vehicles, which hired Villarreal to establish a $152 million manufacturing site in Sa
Amidst the challenges posed by the pandemic, Marco Villarreal seized an opportunity that arose as global supply chains faced disruptions and shipping costs soared. Having resigned from his position as Caterpillar’s director general in Mexico in 2021, Villarreal embarked on fostering connections with companies interested in relocating their manufacturing operations from China to Mexico. His efforts bore fruit when Hisun, a Chinese manufacturer of all-terrain vehicles, enlisted his expertise to establish a $152 million manufacturing facility in Saltillo, a bustling industrial hub in northern Mexico.