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Investment in Automotive
Automotive
- Colombia is an ideal scene to generate a platform of manufacture and assemble of vehicles, trucks, buses and autoparts destined to supply the domestic and regional market.
- Colombia is the four producer of vehicles in Latin America using 2,5 % of the personnel inside the manufacturing industry of the country.
- This industry in Colombia covers the activity of assembly (light vehicles, trucks, buses and motorcycles) and the manufacture of parts and pieces used in the assembly for OEM and market of reinstatement, which involves to suppliers of inputs of other industries as metallurgical, petrochemical (plastic and rubbers) and textiles.
- Nowadays, Colombia has a self-propelled park of about 3,5 million units of vehicles, approximately 57 % are imported vehicles.
- In 2010, the behavior of this sector showed the highest proved in sales, production and level of employment in his history. The sales had a record year in new units, near 253.869 representing an increase of 37,1 % with regard to the previous year (185.129 units). The sales in value promoted to USD4.820 millions equivalently to 1,7 % of the GDP in this year.
- The quantity of Colombians autoparts allow to reach the contained regional minimum (34,6 % for light vehicles and 18 % for vehicles of more than 16 persons) to access to the required tariff preferences in free trade agreement. In general, the country possesses a sufficient and varied offer and the certifications needed to provide joiners of original equipment.
- The Automotive industry and related has 17,636 graduates between technicians and professionals, in addition to wage costs competitive positions within the industry.
- Tributary and incentive Benefits like Qualified Warehouses of Transformation and Assemble and Regime of Duty-free zone.
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Two niches have been identified with opportunity in the automotive industry: Assemble and Auto Parts.
- Assemble
Mainly in the following segments:
Unification of the systems of massive transport in the principal cities (Bogota, Barranquilla, Bucaramanga, Cartagena, Cali, Pereira, between others), which will mean an increase in the purchases of new vehicles and a model standardization, estimates that only Bogota needs 5.000 units in the next years.
Commercial vehicles of Load - Trucks:
With the summit of the mining and petroleum industry in the country, besides projects in infrastructure and biofuel a great demand is estimated in the number of trucks to mobilize the loads, approximately 2.730 units. According to the Asociación Nacional de Empresas Transportadoras de Carga –Asocarga, 2.300 will be needed tractocamiones for the transport of crude oil and 430 for that of oil of palm.
Additional, near 75 % of the load in Colombia surface mail is transported for what there is a frequent renovation of the park and scrapping of vehicles.
- Autoparts
Principally in the segments of manufacture of parts and pieces used in the assembly for OEM and the market of reinstatement.
Know the principal regions that present opportunities of investment in the Automotive industry:
- Renault - Sofasa:
Generation of employment, contract of 450 additional persons in its list to support the marked growth of the market. In 2010, the growth of sold units reaches 43 %.
Project of assembles of his new model H79 or Duster, vehicle 4X4 that will be commercialized in 2012 on the local market and in the Andean countries (Center America, The Caribbean and Mexico). The investment promotes to the USD 28 million and his capacity of production will increase in 22.000 new units annual average. - General Motors – Colmotores:
Improved Productivity, investment plans in the next 5 years $ 250 million to increase the productivity of the plant in Bogota, through the incorporation of stamping operations, robot welding and painting. This project will export vehicles to the markets of Brazil, Argentina, among others. - Foton:
Assembly project, the Chinese company announced that it will assemble light trucks (less than 10 tons) in the country at the hands of its local partner the Colombian trade group Corvette. The investment in this project promotes to the USD 4 million for the first stage (5.000 units in four models different from truck) and it estimates that it will generate near 400 direct employments. - Daewoo Bus Corporation: The company of assembles of buses Daewoo Bus it decided to be located in the Region of the Pacific Ocean in Colombia, specifically in the Department of the Cauca under the regime of duty-free zone. This one would be the first Korean investment in Colombia different from the realized ones in the sector hydrocarbons.
Assembly project: With an investment of USD 10 million it seeks to attend to the current demand of buses of the Integrated Massive Systems of Transport of the country, besides covering the demand of the markets of Ecuador, Peru and Chile. It will initiate operations in 2012. - Marcopolo – Superpolo:
Generation of employment: The manufacturers of auto bodies for buses Superpole of the Brazilian multinational Marcopolo, have generated 800 new employments due to his high demand: a new contract with Panama to provide 1.200 buses and exports to markets of the region (Ecuador, Peru, Costa Rica, Surinam and Haiti). - Daimler Chrysler:
Assembly project: The summit of the segment of passenger’s buses in the country has motivated Daimler to announce investments for the assembly of chassis for buses of the hand of the autopartist DANA with a plant in Colombia. It thinks that since June of 2011 there will take place about 150 monthly units of the models Mercedes Benz Atego 1016 and Thomas EF 1723. This project will create 27 new employments besides generating near USD 4 million in purchases of Colombian autoparts. - Michelin:
Ampliación de planta de producción: Se realizará inversiones por USD 430 millones en la ampliación de un 30% de la planta ubicada en la ciudad de Cali, Valle del Cauca, con el fin de aumentar su participación de mercado (actualmente 20%) e incrementar las exportaciones a Mercosur y Brasil. - Baterías MAC y JhonsonControls:
Alianzas estratégicas: The leading company in the production of batteries in the region of the Valle del Cauca, realized a JointVenture with the North American company principal producing JhonsonControls of batteries in the world. This operation seeks to strength the participation of market in the acid segment of lead batteries for cars and motorcycles, besides transfer of technology for the plant in Colombia.
These are only some of the reasons to invest in the Automotive industry - Assemble and Auto Parts, we invite you to know in detail these and more reasons to do of Colombia the destination chosen for your projects.
Asesor:
Manuel Salgado
In Proexport we attend companies, legal persons and national entities and foreigners who are interested in the direct investment in Colombia.
For the nature of our activities, we do not attend requirements of investment of natural persons.
If You are a corporate investor, we invite you to fill out our form of contact.
| Economic Indicators 06/02/2012 |
|
| Inflation | |
| Goal of inflation | 2.0-4.0 % |
| Annual inflation | 3.73 |
| Rates of interest - 06/02/2012 | |
| Rate of intervention | 5.00 % |
| Rate Interbancaria | 5.01 |
| TRM - 06/02/2012 | |
| Exchange rate (TRM) | $ 1,784.77 |
| Nominal depreciation - last 12 months | -4.66 |











