maquiladora

Popular Terms
Mexican 'twin plant' manufacturing program under which specialized production facilities (usually straddling the US-Mexican border) can import components duty-free for in-bond storage, assembly, and subsequent re-export. Established in 1965, this scheme generates employment for cheap Mexican labor and is Mexico's largest foreign exchange earnings after oil exports. From Mexican-Spanish 'maquilar,' to assemble.

Use 'maquiladora' in a Sentence

The maquiladora was of vital importance in going forward with our business plan as we wanted to use the low cost of doing business in Mexico.
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If you want to use two plants you may want to take some notes about how a MAQUILADORA has worked for other businesses.
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Some companies may use a maquiladora to more efficiently make a variety of products and speed up the entire process.
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