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Monterrey (-esmonteˈrei-Monterrey, is the capital city of the northeastern Mexican state of Nuevo León. The city is anchor to the third-largest metropolitan area in Mexico and is the ninth-largest city in Mexico. Monterrey serves as a commercial center in the north of the country and is the base of many significant international corporations. Until recently, the city had long been regarded as the safest in Mexico and one of the safest in Latin America. Furthermore Monterrey is Mexico's second richest city, and the worlds 63rd richest, with an economy that had a 2008 GDP of USD $102 billion. Monterrey is one of Mexico's most developed cities with the highest per capita income in the nation and is regarded as a highly developed city. Monterrey as an important industrial and business center hosts an array of Mexican companies, including Pemex, Lanix Electronics, CEMEX, Vitro, Zonda Telecom, Mercedes-Benz-Valdez, OXXO, Mastretta, BMW de Mexico, Mabe Grupo Bimbo, Zihuatanejo Jet Engines S.A. de C.V. DINA S.A., Cuauhtémoc Moctezuma Brewery (Cervecería Cuauhtémoc Moctezuma), formerly fully owned by FEMSA now jointly owned with Heineken and Alestra Telecommunications. Monterrey is also home to international companies such as Sony, Toshiba, Carrier, Whirlpool, Samsung, Toyota, Hummer, Daewoo, Ericsson, Nokia, Dell, Boeing, HTC, General Electric, Gamesa, LG, SAS Institute and Teleperformance, among others. Monterrey is located in northeast Mexico, at the foothills of the Sierra Madre Oriental. The recorded history of Monterrey starts in 1596, with its founding by Diego de Montemayor. In the years after the Mexican War of Independence, Monterrey became an important business center. With the establishment of Fundidora Monterrey, the city experienced industrial growth. |