Colombia has potential to become a significant player in global vehicle production. It currently produces over 130,000 vehicles per year, making it the 4th largest producer in Latin America. Vehicle and motorcycle sales have been increasing in Colombia and are expected to grow by 5.8% annually through 2019. The country's free trade agreements, skilled workforce, and strategic location make it well positioned to increase exports and serve as a production hub for South America. Several major automakers like Renault, GM, and Toyota have production plants in Colombia, attracted by its competitive advantages for the automotive industry.
Antioquia is a department of Colombia, whose capital is Medellin. It is the second most industrialized region of the country and main exporter of non-traditional products, providing a high potential for investment in agro-industrial and manufacturing sectors. Its way to the Caribbean Sea gives it not only national but international competitiveness.
Antioquia is a department of Colombia, whose capital is Medellin. It is the second most industrialized region of the country and main exporter of non-traditional products, providing a high potential for investment in agro-industrial and manufacturing sectors. Its way to the Caribbean Sea gives it not only national but international competitiveness.
The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. This update also features the successes of: Bocchi Laboratories, a California-based manufacturer that is opening a new facility in New Albany's International Beauty Campus that will create 300 jobs; Homage, a vintage-inspired apparel retailer that will consolidate and expand its Columbus headquarters and distribution operations; and Heritage Cooperative, which is investing $35 million in Union County to add a 277-acre agricultural campus and research farm.
Monthly Economic Update | October 2014One Columbus
The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. This update also features the successes of: Stanley Electric, an automotive supplier that is creating 150 new jobs; Sage Sustainable Electronics, which is creating 50 new jobs at its new headquarters and processing center; and Lubrication Specialties, which is creating 20 new jobs at its office, manufacturing, R&D and warehouse facility.
Guide for Investors - Colombian Automotive Industry 2020ProColombia
Guide for Investors - Colombian Automotive Industry 2020
https://investincolombia.com.co/publication/guide-for-investors-colombian-automotive-industry.html
The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. This update also features the successes of: Bocchi Laboratories, a California-based manufacturer that is opening a new facility in New Albany's International Beauty Campus that will create 300 jobs; Homage, a vintage-inspired apparel retailer that will consolidate and expand its Columbus headquarters and distribution operations; and Heritage Cooperative, which is investing $35 million in Union County to add a 277-acre agricultural campus and research farm.
Monthly Economic Update | October 2014One Columbus
The Columbus Region Monthly Economic Update reports on the job growth progress of Columbus 2020 and its local and regional partners. This update also features the successes of: Stanley Electric, an automotive supplier that is creating 150 new jobs; Sage Sustainable Electronics, which is creating 50 new jobs at its new headquarters and processing center; and Lubrication Specialties, which is creating 20 new jobs at its office, manufacturing, R&D and warehouse facility.
Guide for Investors - Colombian Automotive Industry 2020ProColombia
Guide for Investors - Colombian Automotive Industry 2020
https://investincolombia.com.co/publication/guide-for-investors-colombian-automotive-industry.html
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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Business Valuation Principles for EntrepreneursBen Wann
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Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
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1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. AUTOMOTIVE INDUSTRY
“Colombia meets all the right conditions to be an significant
player in vehicle production worldwide, and the country could
have a solid and e cient automotive industry that generates
high-quality jobs.”
Juan Manuel Santos,
PRESIDENT OF THE REPUBLIC OF COLOMBIA
PRODUCTION AND MARKET
COMPOSITION
Colombia is the fourth greatest producer of vehicles in Latin America, with
more than 130,000 units assembled per year.Acolfa, 2015.
Colombia has a wide network of manufacturers and distributors of parts for
cars and motorcycles with capacity to serve foreign markets.
Colombia can boast the presence of recognized assemblers such as:
Renault, General Motors, Hero, Toyota-Hino, Susuki.
Colombia is the second largest producer of motorcycles in the region after
Brazil with more than 660 thousands units. Acolfa, 2015
L ib
ertad y Or den
2. INCREASE IN DEMAND
AND SALES IN THE SECTOR
SALES OF VEHICLES IN COLOMBIA PRODUCTION OF MOTORCYCLES IN COLOMBIA
Thousands of units Thousands of units
Source: ANDI and Business Monitor International
e = estimated
Sofasa-Renault and General Motors Colmotores are the
assembly plants with the greatest volume of production
and vehicle sales in the local market. In commercial cargo
vehicles the leader in production and sales is Hino.
Motorcycle production almost doubled between 2010 and
2014, recording an average annual growth of 16%. Produc
-tion of motorcycles represented on average around 94% of
apparent consumption, while imports were 6%.
Between 2015 and 2019, vehicle sales are expected to grow
at an average rate of 5.8%, thus sales will exceed 430,000
units. Business Monitor, 2015
66% of vehicles sold in Colombia are imported and 34%
are assembled. ANDI, 2016
2010
253,9
324,6 316,0 293,8
328,5 350,9 362,8 381.0 398,7 436,0
2011 2012 2013 2014 2015e 2016e 2017e 2018e 2019e
Source: Acolfa and Business Monitor International
e = estimated
2010
390,3
516,7 553,6 625,1
662,6 672,6 678,6 685,4 687,5
2011 2012 2013 2014 2015e 2016e 2017e 2018e
Between 2013 and 2015, vehicle sales exceed 300,000
units on average. ANDI, 2016.
Cars, SUVs, pickup trucks and cargo vehicles, are the
best-selling segments in the country. ANDI, 2016.
3. in Colombia, mainly in the Pacific region, will permit
organizing the productive chain to achieve logistic and
scaling advantages for exporting vehicles and auto parts.
PROJECTS THAT IMPACT
THE AUTOMOTIVE INDUSTRY
COLOMBIA AS A VEHICLE
EXPORT PLATFORM
Colombian vehicle exports are mainly cargo vehicles and
automobiles to Latin American countries such as Mexico,
Ecuador, Chile and Peru. DANE, 2016
As a result of the free trade agreements Colombia has achieved
of commercial passenger and cargo vehicles, utility vehicles and
motorcycles, to countries such as Mexico, Peru and Chile.
agreements, the development of the manufacturing industry
and the road infrastructure projects that the Colombian
Government is implementing, will encourage demand for
freight vehicles, since 73% of cargo is mobilized by land.
182,885to360,879vehicles.Cargotransportationiscomprised
of 73% trucks. Colfecar, 2015
country will mean an increase in demand for commercial
passenger vehicles.
In 2014, the number of traditional transport vehicles in service
decreased by 13%, while those belonging to the integrated
transportsystemsincreased by 46%. It is expected that by 2020
Vehicle exports registered a compound annual growth rate
of 15% between 2010 and 2015. DANE, 2016.
Motorcycle exports registered a compound annual growth
rate of 22% between 2010 and 2015. Ecuador and Vene-
zuela are the main export destinations. DANE, 2016.
4. AUTO PARTS MARKET UNDER DEVELOPMENT
AND WIDE RANGE OF PROVIDERS OF
ORIGINAL AND SPARE PARTS
OTHERFACTORSFOR
INVESTING IN THE SECTOR
COLOMBIAN EXPORTS OF AUTO PARTS
2010-2014, USD MILLIONS
NUMBER OF GRADUATES IN AREAS RELATED TO THE
AUTOMOTIVE INDUSTRY 2010-2014
corresponds to graduates in Mechanical
Engineering, Industrial Engineering, Electronic
Engineering and related fields.
Source: Productive Transformation Program.
Production in the auto part sector doubled over ten years, going from USD 414
millionin2002toUSD945millionin2012,recordinganaverageannualgrowth
rate of 10%.
close to the automobile assembly plants, in Cundinamarca, Valle del Cauca y
Antioquia.
positions, and are mainly car batteries, tires and security windows. Ecuador,
Venezuela, United States, Mexico and Peru are the main destinations for
exports of autoparts.
Skilled labor: the annual average of graduates in areas related to the sector is
around 30,000. Labor Observatory, 2015
in the region with USD 2.41. IMD- World Competitiveness Yearbook 2015
20142013201220112010
449,7
491,4
454,0
367,3
327,7
20142013201220112010
18.235
26.337
30.398
33.580 33.345
Colombia offers the following incentives and programs that benefit the
automotive industry: (1) Automotive Industry Promotion Program (PROFIA);
(2) Assembly System for the automotive industry within the Andean Commu-
nity agreement; (3) Deposits enabled for processing and / or assembly (DHTE);
(4) Free Zones for assembling process; (5) Production and assembly of vehicles
or equipment environmentally friendly; (6) Automotive agreement between
Colombia and Brazil.
5. Bogotaisthemaincenterfortheindustry,with5ofthe8assemblyplantsinthecountry.
Bogota accounts for 37% of all new vehicles registered in the country.
the auto parts industry of the country.
Source: Invest in Bogota
Source: Inves
Opportunities for assembling buses, trucks, light vehicles and motorcycles.
aimstoincreaseinnovation,productivityandcompetitivenessoftheautopartsindustryandvehiclesofColombia.
Opportunity to manufacture auto parts: the region of Valle del Cauca is a leading manufacturer
of electric batteries, tires and other rubber products.
Opportunities for assembling buses, trucks and light vehicles.
Regime for competitive incentives:
automotivecompaniestotakeadvantageofthegrowingdomesticmarketandthepossibilitiesfor
production of machinery and transport equipment.
Opportunities in manufacturing parts
Opportunities for assembling buses, trucks and light vehicles.
Port of entrance for CKD material coming from Europe and North America.
gion.
n projects.
Source: ProBarranquilla
COLOMBIA, A COUNTRY WITH
MULTIPLE DEVELOPMENT HUBS
VALLE DEL CAUCA
CULTURAL COFFEE LANDSCAPE:
CARIBBEAN:
CUNDINAMARCA
Four
6. LARGE FOREIGN COMPANIES HAVE CHOSEN
COLOMBIA AS A PLACE TO INVEST
General Motors-Colmotores. Hero. Baterías MAC y Jhonson Controls.
investedUSD200millioninitsindustrial
FreeTradeZonetoconstructastamping/
cutting and folding plant.
production in the region of Valle de
Cauca has established a Joint Venture
with the U.S. company Johnson
Controls, the main producer of
batteries worldwide.
in the manufacture of motorcycles,
built a production plant in order to
become a distribution platform to
Central and South America because of
the suitable logistical conditions.