Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar power: French electricity company Schneider Electric plans to build a photovoltaic solar energy generation plant in the northeastern state of Nuevo León. The US$1.5 million installation will be located at the Technology Research and Innovation park to provide electricity for the park’s Development and Innovation Center. (El Economista, September 24, 2014)
  • Biotechnology: U.S.-based biotechnology multinational Monsanto inaugurated a new seed technology research center in the western state of Jalisco, the company reported. The new site, the cost of which was not revealed, is planned to centralize the company’s efforts to develop new hybrid and genetically modified strains of corn. (Reuters, September 29, 2014)
  • Chemicals: Spanish industrial group Grupo Proman will lead construction of a major new fertilizer production plant in the northwestern state of Sinaloa, the state government reported. Investors from Mexico, Switzerland and Germany will provide capital for the approximately US$92 million project, which is expected to produce ammonia. (Milenio, September 24, 2014)
  • Aviation: Mexican airlines plan purchases of over 250 new aircraft at a cost of approximately US$24.6 billion over the next seven years, combined media sources report. The airlines are releasing expansion plans following the recent announcement that a major new international airport will be built in Mexico City in the coming years. (El Financiero, September 12, 2014)
  • Automotive: German auto parts manufacturer Witzenmann plans to build a new production plant in the central state of Guanajuato. The US$12 million facility is expected to produce metal hoses for regional automotive OEMs. (Alcaldes de México, September 19, 2014)
  • Automotive: U.S. auto parts maker Stant Corp. will invest US$100 million to establish a manufacturing plant in the central state of Guanajuato. The new site is expected to produce fuel caps, capless refueling systems, filler pipes and related products. (Guanajuato State Government, September 20, 2014)
  • Hotels: U.S. hotel operator JW Marriott plans to open 35 new locations in Mexico under five different brands through 2017, the company reported. Marriott operates the hospitality brands Marriott, Ritz Carlton, Courtyard and Fairfield Inn & Suites, among others. (El Financiero, September 17, 2014)
  • Automotive: Japanese auto parts maker Toyoda Gosei will invest US$67 million to establish a new manufactuirng plant in the central state of Guanajuato. The site is projected to produce radiator grills, console boxes and other parts for the region’s automotive OEMs. (Reforma, September 22, 2014)
  • Aviation: European aircraft manufacturer Airbus will open a Center for Research and Innovation in Aerospace Engineering under the auspices of the Autonomous University of Nuevo León in the northeastern state of Nuevo León, state officials reported. The US$15 million center will provide training for pilots and other airline operations personnel. (Reforma, September 12, 2014)
  • Automotive: Japanese auto parts maker Sumitomo Electric Industries plans to build a new manufacturing plant in the central state of Aguascalientes, Japanese media report. The projected US$28 million facility will produce sintered parts for transmission gears and key engine parts. (Nikkei Asian Review, September 9, 2014)
  • Solar power: Mexican solar power developer Iusasol is constructing a new photovoltaic cell manufacturing plant in the central State of Mexico, the company reported. The US$200 million facility is intended to serve growing demand driven by Mexico’s recently implemented energy reform. (El Financiero, September 8, 2014)
  • Electricity: Brazilian electrical equipment manufacturer WEG will build a new production plant in the central state of Hidalgo, the state government reported. The US$120 million site will provide metallurgical and machining processes for metal parts. (Mexican Business Web, September 5, 2014)
  • Wind power: Spanish renewable energy developer Acciona announced it will build a 49.5 MW wind power generation plant in the southern state of Oaxaca.   The estimated US$111 million project will include engineering and construction support from the companies Actis and Comexhidro. (Mexican Business Web, September 5, 2014)
  • Automotive: Spanish auto parts maker Gestamp inaugurated a new production plant in the southern state of Puebla, the company reported. The new site, built at an estimated cost of US$70 million, will produce metal components and structural systems for regional automotive OEMs. (Gestamp, September 9, 2014)
  • Aquaculture: U.S.-based agribusiness multinational Cargill is building a feed production plant in the southern state of Puebla to supply the region’s growing tilapia farming industry. The cost of the projected 60,000 metric ton capacity facility was not specified. (NAFTA Works, August 2014)
  • Recreational vehicles: Canadian sports vehicle maker Bombardier Recreational Products (BRP) plans to begin construction on its third manufacturing plant in Mexico this year. The US$55 million site, to be located in the northern border city of Ciudad Juárez, is projected to produce all-terrain vehicles. (NAFTA Works, August 2014)

 

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