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2.9 LATIN AMERICA -- Mexico
2017/11/26
In the context of the job-saving American policy advocated by the U.S. President Donald Trump, several manufacturers including Carrier have abandoned their plans to shift their U.S. production bases to Mexico.
 
Along with a slow-down in the automotive factory construction boom, the Mexican peso was devalued to a record low. Because forecasts concerning the Mexican economy are not optimistic, investments in infrastructure are not anticipated.
 
In 2015, Mexico became the largest chiller market in Latin America, overtaking Brazil.
 
However, its market scale in 2016 remained almost the same as that in 2015, reaching US$ 101.4 million. The centrifugal chiller segment was down 3.8%, while all other types showed stable growth. The screw chiller segment approached one-half of the total market demand with a scale of US$ 49.9 million.
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