Recent and upcoming investment in Mexico

  • Automotive: Japanese auto parts manufacturer UtopYa Industries Ltd. announced plans to invest US$13 million to build a new production plant in the central state of Guanajuato.  The site will produce steel rims for passenger cars and buses and light commercial trucks. (Reforma, June 4, 2013)
  • Glass: Mexican industrial glass giant Vitro invested US$50 million to expand production capactiy at its glass making plant in the central state of Queretaro.  Vitro operates 10 bottle making facilities in Mexico as well as joint ventures in Costa Rica, Panama, Guatemala and Bolivia. (Reforma, June 7, 2013)
  • Infrastructure: Mexican oil and gas state monopoly Petroleos Mexicanos (Pemex) will invest approximately US$65 million this year to upgrade infrastructure at seven ports around the country.  Planned projects include modernization of platforms, substructures, roadways, pilings and fire prevention and control systems. (Reforma, May 29, 2013)
  • Plastics: Canadian automotive plastics manufacturer Mitchell Plastics will invest approximately US$20 million to open a plastic injection plant in the central state of Queretaro.  The new facility is planned to open later this year, producing decorative and functional plastic pieces for automotive interiors. (El Universal, May 8, 2013)
  • Manufacturing: Brazilian industrial manufacturer Embraco plans investment of up to US$60 million to expand production capacity at its Mexico plant in the northeastern state of Nuevo Leon.  Resources are targeted to boost output of refrigeration compressors and initiate production of next-generation compressor technology. (Reforma, June 19, 2013)
  • Automotive: U.S.-based automotive leather producer Eagle Ottawa initiated operations at a new production plant in the central state of Guanajuato.  The US$40 million facility in Mexico’s leather working heartland will reportedly be followed by an additional plant in Mexico. (Reforma, June 5, 2013)
  • Pharmaceutical: Mexican pharmaceutical manufacturer Somar will invest approximately US$50 million to install a plant with plasma fractionation capabilities outside Mexico City.  The new facility will become the largest of its type in Latina America, according to the company. (Reforma, June 27, 2013) 
  • Mining: Canadian mining firm Chesapeake Gold Corp. announced it plans investments of approximately US$4.3 billion to develop gold and silver deposits in the northern state of Durango.  Production at the new mine is projected to begin in 2018. (Proveedores de Minería, May 24, 2013)
  • Automotive: Canadian auto parts manufacturer Magna International will invest US$100 million to build three production facilities in the northern state of Coahuila.  The added capacity is slated to produce auto seats for export and suspensions for domestic OEMs. (El Sol de la Laguna, June 6, 2013)
  • Energy: Infraestructura Energetica Nova SAB, the Mexican unit of U.S. natural-gas utility Sempra Energy, plans investment of approximately US$1.5 billion in energy infrastructure projects in Mexico over the next three years.  Projects on the table include a gas pipeline through the states of Sonora and Sinaloa, a wind power facility in Baja California, an ethane pipeline in the southeastern state of Tabasco and a gas pipeline in the northeast. (Mexican Business Web, June 14, 2013)
  • Information Technology: Mexican IT services provider RedIT will invest US$12 million this year to extend its fiber optic network in key growth areas such as the State of Mexico and the cities of Guadalajara, Monterrey, Querétaro, Tijuana and Toluca.  RedIT offers services such as data centers, fiber optic networks and IT infrastructure management. (Mexican Busines Web, June 18, 2013)
  • Food processing: Italian candy maker Ferrero inaugurated its first production plant in Mexico in the central state of Guanajuato.   The US$200 million facility will produce products under the Kinder and Nutella brands for the North American, Central American and Caribbean markets. (Reforma, June 19, 2013)
  • Aerospece: French aircraft components maker Zodiac Aerospace announced plans to invest US$25 million in production operations in the northern state of Chihuahua.  Projects include engineering and production of seat frames and a joint venture with Embraer to manufacture aircraft cabin interiors. (Reforma, June 19, 2013)
  • Food processing: Mexican corporate group Wise International and Chinese food processor Jiangsu Palarich Foods have agreed to form a joint venture to establish a fruit dehydrating plant in the western state of Jalisco.  Announcement of the US$20 million project came on the heels of a state visit to Mexico by Chinese President Xi Jinping. (El Financiero, June 19, 2013)
  • Aerospace: French aerospace manufacturer Snecma, a subsidiary of Safran, announced plans to open its fifth production plant in Mexico.  The facility is expected to produce engines for commercial and military aircraft.  The amount of investment was not specified. (El Financiero, June 19, 2013)
  • Logistics: German courier giant DHL announced US$6.4 million in investment to expand operations capacity at the Querétaro International Airport in the central Bajío region.  Explosive growth in the automotive and aerospace industries is driving robust demand for DHL services in the area. (Diario Rotativo, June 21, 2013)
  • Tourism: Canadian hotel and tour operator Sunwing Travel Group announced plans to invest up to US$250 million in Mexico developments.  Plans include a major new resort hotel in the Riviera Maya location of Puerto Morelos on Mexico’s Caribbean coast. (Inversión Turística, June 24, 2013)
  • Automotive: U.S. auto maker General Motors plans investment of US$691 million in Mexico manufacturing operations, the company revealed.  Resources are earmarked for expansion of output at vehicle and transmission plants in the states of Guanajuato, San Luís Potosí and Mexico.  (El Universal, June 26, 2013)
  • Logistics: Japanese electronics manufacturer Sumitomo Electric Wiring Systems will invest approximately US$19 million to construct a new distribution center in the northern state of Coahuila.  The site will be used to concentrate and distribute imported inputs for the company’s two electrical components plants in the region. (El Siglo de Torreón, June 25, 2013)
  • Automotive: U.S. auto parts manufacturer Accuride Corp. plans to install three new productoin plants in Mexico via investment of US$120 million.  The new facilities will reportedly produce truck brakes, fuel tanks, bumpers and other stamped metal parts. (Reforma, Jne 28, 2013)

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