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A maquila in Mexico. A maquiladora (Spanish: [makilaˈðoɾa]), or maquila (IPA:), is a word that refers to factories that are largely duty free and tariff-free.These factories take raw materials and assemble, manufacture, or process them and export the finished product.
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A quickly growing fifth option for foreign companies to set up manufacturing operations in Mexico is to "Outsource" their manufacturing operation to an independent Corporation "Maquiladora". The manufacturing outsource option is a hybrid of both the "shelter" system and traditional " contract manufacturing or subcontracting".
Location of Mexico. Mexico is a federal republic in the southern half of North America. Mexico has the fifteenth largest nominal GDP and the eleventh largest by purchasing power parity. The Mexican economy is strongly linked to those of its North American Free Trade Agreement (NAFTA) partners, especially the United States.
Nogales' proximity to the U.S. and the abundance of inexpensive labor make it an efficient location for foreign companies to have manufacturing and assembly operations. Some of the companies that have established maquiladoras in Nogales include: Otis Elevator, The Chamberlain Group, Walbro, and Philips Avent. Production and export
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This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies.The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking.
The Maquila Decree, established in 1989, lays out the legal requirements for foreign operations in Mexico.As described by the Bancomext Mexican Showroom, an organization to promote foreign investment in Mexico, this program allows foreign companies to build and operate factories in virtually any Mexican location of their choosing.