Newspaper article THE JOURNAL RECORD

Ibm Approved to Make Computers in Mexico

Newspaper article THE JOURNAL RECORD

Ibm Approved to Make Computers in Mexico

Article excerpt

MEXICO CITY (AP) - The National Commission on Foreign Investments announced it has approved a wholly owned International Business Machine Corp. operation to build personal computers in Mexico.

The proposal had been negotiated for more than two years.

The commission also announced on Tuesday approval of several other U.S. and European investment projects with majority foreign ownership.

They include a $250 million tourism development project on Isla de Piedra near the Pacific coast resort of Mazatlan by the U.S.-owned BMA company of Mexico.

IBM will invest $91 million over the next five years in the microcomputer project and has agreed to export 92 percent of production, the commission said. The technology gap between what is producedin Mexico and abroad will be no more than six months and the price differential between 10 and 15 percent, according to the announcement. It said supply industries are to be developed here.

IBM, which has been operating in Mexico for more than 50 years and was recently authorized to manufacture electronic typewriters here, will build its System-51 microcomputer in the new project. …

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