Definition, Meaning & Synonyms
maquiladora
noun
[mah-kee-lah-DOH-rah]
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Definition
A maquiladora is a type of manufacturing plant that is often located in Mexico, near the United States border.
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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.
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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.
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Synonyms
- assembly plant
- manufacturing facility
- export-processing zone