Monterrey, 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 one of the wealthiest cities in Mexico with a GDP PPP of 130.7 billion dollars in 2012. Monterrey's purchase power parity is considerably higher than rest of the country's at around US$32,000 against country's US$18,800. It is considered a Beta World City, cosmopolitan and competitive. Rich in history and culture, Monterrey is considered one of the most developed cities in the entire country and often regarded as the most "Americanized" city in Mexico.
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, Babcock & Wilcox, Daewoo, British American Tobacco, Nokia, Dell, Boeing, HTC, General Electric, Gamesa, LG, SAS Institute, Grundfos, Danfoss, Qualfon and Teleperformance, among others.
Monterrey is located in northeast Mexico, at the foothills of the Sierra Madre Oriental. The uninterrupted settlement of Monterrey began 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 has experienced great industrial growth.