Definition, Meaning & Synonyms
maquiladora
noun
[mah-kee-lah-DOH-rah]
Definition
A maquiladora is a type of manufacturing plant that is often located in Mexico, near the United States border.
Examples
- The maquiladora industry has significantly boosted the local economy in border towns.
- Many companies operate maquiladoras to take advantage of lower labor costs.
- After visiting a maquiladora, I gained a better understanding of the manufacturing process.
Meaning
These plants typically import materials and equipment to be assembled or manufactured in Mexico, then export the finished goods back to the importing country.
Synonyms
- assembly plant
- manufacturing facility
- export-processing zone
