March 1, 2006
Have hardhat, will travel.Not long ago, you could count the number of major Mexican companies doing business outside the country on two hands. But these days, don't even attempt it. Increasingly sophisticated and capital-rich Mexican corporations are running out of room to grow at home, and are casting their nets abroad.
The rising US Hispanic population, in particular, is inspiring a number of cross-border transactions. Mexican companies spot red-hot opportunity given that their paisanos comprise the majority of the more than 40 million US Hispanics, who combined have at least $650 billion in purchasing power.
"Although you see investment arrows going to Europe, Asia and other
Several Mexican companies with strong domestic market shares are expanding overseas in search of fresh opportunities and sales.