Monterrey (Spanish pronunciation: [monteˈrei]), is the capital and largest city of the northeastern state of Nuevo León, in Mexico. The city is anchor to the third-largest metropolitan area in Mexico and is ranked as the ninth-largest city in the nation. Monterrey serves as a commercial center in the north of the country and is the base of many significant international corporations.
It is the second wealthiest city in Mexico and the ninth in Latin America with a GDP PPP of 130.7 billion dollars in 2012. Monterrey's GDP PPP per capita of 31,051 dollars is the highest in the country and second of Latin America. It is considered a Beta World City, cosmopolitan and competitive. Rich in history and culture, Monterrey is often regarded as the most "americanized" and developed city in the entire country, even above the cities along the U.S.-Mexico border.
As an important industrial and business center, the city is also home to an array of Mexican companies, including Grupo Avante, Lanix Electronics, Ocresa, CEMEX, Vitro, Mercedes-Benz Mexico, OXXO, BMW de Mexico, Grupo Bimbo, DINA S.A., Cuauhtémoc Moctezuma Brewery and Heineken, which features Norteño capital and Grupo ALFA. Monterrey is also home to international companies such as Siemens, Accenture, Ternium, Sony, Toshiba, Carrier, Whirlpool, Samsung, Toyota, Daewoo, Ericsson, Nokia, Dell, Boeing, HTC, General Electric, Gamesa, LG, SAS Institute, Grundfos, Danfoss, and Teleperformance, among others.
Monterrey is located in northeast Mexico, at the foothills of the Sierra Madre Oriental. The uninterrupted settlement 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 a great industrial growth.