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International Business

July 28, 1994|From Times Staff and Wire Reports

Mexico's Maquiladora Industry Grows: The industry, which is situated mostly on the U.S.-Mexico border and imports parts and components duty-free for export production, posted a value-added growth rate of 5.6% in the first four months of 1994, said the state-owned Instituto Nacional de Estadistica Geografia e Informatica. Inegi said Mexico had 2,059 maquiladora plants in April, up 0.8% from the same period a year ago. Inegi's value-added concept measures the combined effect of the industry's wages, worker benefits, expenses, profits and prices of raw materials and packaging.

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