Reports on some recent and upcoming investment collected from the local business media:
- Real Estate: Mexican real estate developer Marhnos announced plans to build up to five office towers in Mexico City over the next five years. The company is projecting investment of approximately US$1.5 billion in the projects, which will be carried out in alliance with New York-based developers Turner International.
- Apparel: Sports apparel and footwear maker Grupo Charly is manufacturing in Mexico again after an absence of six years. The Mexican company offshored the last of its domestic production to Asia in 2004, but began to move some manufacturing back home last year to improve delivery times. They project ramping up Mexico production to 600,000 pairs of sports shoes over the next three years.
- Automotive: Nissan Mexicana has reported plans to invest US$600 million at its plant in Aguascalientes, Mexico, to manufacture a new model car. The auto maker plans to build 50,000 units annually of the new model, which will include 75% components from domestic suppliers.
- IT: Mexico’s top telco Telmex announced it will significantly expand its Triara Data Center over the coming two years. The US$100 million facility provides integrated hosting services, data storage, backup and connectivity solutions to domestic and international corporate clients as well as government agencies.
- Automotive: U.S. truck maker Navistar announced its Mexican subsidiary Navistar Mexico will increase production by 50% by the end of the current year. The company’s US$250 million facility in Escobedo, Nuevo Leon is the largest truck and bus chassis manufacturing plant in Latin America.
- Poultry: U.S. poultry giant Tyson opened a new animal oil and protein processing plant in the state of Durango. The US$1 million dollar facility is part of a projected US$16 million in investment in the company’s Mexico agriculture and food operations this year.
- Software: Indian IT consultants Tata Consultancy Services (TCS) announced plans to open a third software development center in the state of Jalisco. Tata, which also operates offices in Mexico City, two software development centers in Guadalajara and one in Queretaro, is a key player in Jalisco’s burgeoning software industry.
- Logistics: Work is underway on major expansions at the port of Veracruz, Mexico’s key container terminal on the Gulf of Mexico. The expansions will include a logistics center to the north of the port, improving accessibility, and new rail connections.
- Retail: Mexico’s leading retailers will invest approximately US$1.5 billion this year in new store openings and upgrades, according to the ANTAD retailers’ association. Department stores Liverpool and Palacio de Hierro, convenience chain Oxxo and others announced plans to return to expansion this year after mostly suspending growth during recession-plagued 2009.
- Steel: Mexico’s national steel producers association Canacero announced projected investment in the sector of up to US$10 billion over the next five years. A boost in production is planned to meet recovering demand on the world market anticipated to begin next year.
- Tourism: Resort operator Sunset World announced plans to invest US$26 million in remodeling and expansion of existing locations in the Riviera Maya area. The company also reportedly intends to make additional investments to construct a large “eco-luxury” hotel in the same area.
- Lighting: Indian lighting products giant Havells plans to invest US$100 million to build or purchase a manufacturing plant in Mexico. The company already produces lighting ballasts at a plant in the border city of Matamoros, Mexico.
- Tourism: Singapore-based resort developer Banyan Tree revealed plans to build two new locations in Mexico with investment of over US$200 million. The company’s proposed plans include development of a luxury location in the Guadalupe Valley, Mexico’s leading wine producing region.
