Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Electronics: Italian electronics manufacturer OMP Mechtron is constructing a new plant in the western state of Jalisco.  The US$2.6 million site will produce mobile phone components for regional markets in the Americas. (El Financiero, October 24, 2013)
  • Construction: Mexican hydraulic fixture manufacturer Urrea estimates investment this year at up to US$10 million, the company reported.  The maker of bathroom fixtures such as faucets and related finishings invests annually in production line upgrades. (Mexican Business Web, October 25, 2013)
  • Aviation: Mexican low-cost airline VivaAerobus plans aircraft acquisitions worth up to US$5.1 billion over the next eight years.  VivaAerobus is converting its fleet to Airbus aircraft to reduce fuel and maintenance costs, the company reported.  (El Financiero, October 22, 2013)
  • Logistics: Mexican courier Redpack plans to open a new operations center in the central State of Mexico.  The US$7 million facility will boost the firm’s capacity to serve industries such as autoparts, technology and financial services. (Mexican Business Web, October 24, 2013)
  • Food processing: Swiss processed foods giant Nestlé will build a new production plant in Mexico at an estimated cost of US$400 million.  The site, planned to produce milk and formula products, will become the company’s fifth plant in Mexico. (Reforma, October 22, 2013)
  • Apparel: U.S. clothing manufacturer Benefit Apparel will invest US$5 million to open a sewing plant in the western state of Jalisco.  The facility is planned to carry out in-bond (maquila) export manufacturing for brands such as Ross, Forever 21 and Adidas. (El Occidental, October 21, 2013)
  • Food processing: Mexican dairy giant Grupo Lala plans investment of approximately US$500 million over the next 18 months, following its recent premiere on the Mexican stock exchange.  Projects are expected to include major new production infrastructure for milk, cheese and yogurt, as well as transport fleet expansion. (Reforma, October 21, 2013)
  • Services: Mexican virtual office operator Iza Business Centers inaugurated its third temporary office rental center in Mexico City.  The company reports having invested US$10 million in new space so far this year, and plans another US$14 million in investment in 2014 to open additional business centers. (El Financiero, October 15, 2013)
  • Automotive: Japanese auto parts maker Topre Corp. inaugurated a new manufacturing plant in the central state of Querétaro.  The US$50 million facility is planned to produce stamped metal parts for regional OEMs such as Nissan and Honda. (Diario Rotativo Noticias de Querétaro, October 17, 2013)
  • Chemicals: Mexican construction giant ICA has been awarded a contract to carry out upgrades to a PVC plant operated by Petroquímica Mexicana de Vinilo, a joint venture between Mexican PVC market leader Mexichem and state-owned petroleum firm Petroleos mexicanos (Pemex).  Required investment is estimated at approximately US$205 million. (Finamex Comentario de Apertura, October 17, 2013)
  • Rail transport: Rail freight operator Kansas City Southern de México will boost investment to US$145 million in 2014, the company reported.  Upgrades will include new rolling stock and equipment as well as infrastructure improvements. (Reforma, October 17, 2013)
  • Manufacturing: Mexican appliance manufacturer Mabe estimates its total 2013 investment will exceed US$100 million this year.  The company, which operates seven production plants in Mexico, is concentrating resources in research and development at its Technology Center in the central state of Querétaro. (El Financiero, October 9, 2013)
  • Electronics: U.S.-based telecommunications electronics firm Motorola invested US$10 million to expand production capacity at its plant in the northeastern state of Tamaulipas.  The facility produces components for computing and communications equipment. (Mexican Business Web, October 14, 2013)
  • Industrial gas: French industrial gas producer Air Liquide will invest approximately US$100 million annually in Mexico for the next seven years to meet growing demand from the steel and energy industries, the company announced.  Air Liquide projects that the Mexican market for industrial gas could double under the proposed energy reform currently before Congress. (El Financiero, October 4, 2013)
  • Automotive: U.S. auto maker Chrysler plans to expand production capacity at its engine manufacturing plant in the northern city of Saltillo.  The US$164 million expansion will boost total output at the company’s four production sites in the area. (Reforma, October 9, 2013)
  • Transport: The Mexican government will publish tenders for three passenger train projects totalling approximately US$7.4 billion in early 2014, the Communications and Transport Ministry (SCT) announced. The new train lines will connect Mexico City with nearby regional centers Toluca and Querétaro, as well as introduce passenger rail service to the Yucutan tourism region. (Reuters, October 8, 2013)
  • Logistics: Mexican President Enrique Peña Nieto announced a package of plans to expand and diversify infrastructure at the Pacific coast port of Lázaro Cárdenas.  Projects include new air transport facilites, highway expansion and an industrial park.  The federal government recently announced approximately US$885 million in resources earmarked for the port. (El Financiero, October 2, 2013)
  • Petrochemicals: Brazilian industrial group Odebrecht will invest over US$8 billion in Mexico over the next five years, the office of Mexican President Enrique peña Nieto announced.  Industries targeted for project development include petrochemicals, renewable energy, ethanol and sugar production and highway construction. (Reuters, October 1, 2013)
  • Tourism: Mexican real estate developer Grupo Questro plans investment of approximately US$450 million in the coming two years in the Pacific coast state of Baja California Sur.  Projects include new hotels in the tourism zones surrounding Cabo San Lucas. (Reforma, September 30, 2013)
  • Logistics: German freight shipper DHL Global Forwarding will invest approximately US$13 million in Mexico operations in 2014, the company reported.  Resources will go toward a new logistics center on the Mexico-Guatemala border, ground fleet upgrades and additional office space, among other projects. (El Financiero, September 27, 2013)
  • Safety: Steel producer Ternium, a subsidiary of Argentina-based Techint, will invest US$223 million over the next three years to upgrade worker safety systems and equipment at its plant in the northeastern state of Nuevo León.  The company already plans additional investments totaling US$250 million in its two Mexico plants during this period. (El Financiero, September 2, 2013)

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