Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Telecommunications: Mexican wireless services provider Maxcomm Telecomunicaciones projects investment of approximately US$67 million in 2015, the company reported. Projects are expected to include modernization of the company’s wireless technologies across service offerings. (El Financiero, October 28, 2014)
  • Food processing: U.S. cereal and snack maker Kellogg’s plans investment of approximately US$52 million in Mexico over the next three years, the company reported. Resources will focus on the company’s major production plant in the central state of Querétaro, to upgrade areas such as sustainability, productivity, and innovation and target the healthy-lifestyle market niche. (El Financiero, October 28, 2014)
  • Financial services: Canadian bank Scotiabank announced plans to invest approximately US$266 million in Mexico operations over the next five years. Anticipated projects include expanding the number of cash machines and retail branches in the Mexican market. (Finamex Casa de Bolsa Comentario de Apertura, October 29, 2014)
  • Information technology: Chinese information technology equipment and services giant Huawei plans investment of approximately US$1.5 billion in the central state of Querétaro, the Mexican federal government announced. Projects are expected to include a network operations center, research and development and training facilities. (El Economista, October 28, 2014)
  • Automotive: Mexican high-performance boutique auto maker Vuhl will establish its initial manufacturing plant in the central state of Querétaro, the Querétaro state government reported. The US$10 million facility is expected to produce chassis, suspensions and do the final assembly of the company’s Vuhl 05 model. (Querétaro State Government, October 26, 2014)
  • Green technology: Swiss processed foods giant Nestlé launched a new evaporated milk processing plant in the western state of Jalisco at a cost of approximately US$15 million. The “Zero Water” plant uses liquid extracted from milk during the dehydration process to meet nearly all the plant’s water needs. (El Financiero, October 23, 2014)
  • Automotive: Mexican-U.S. auto parts manufacturer Sistemas Automotrices de México (Sisamex) inaugurated a Technological and Human Development Center in the northeastern state of Nuevo León at a cost of approximately US$7 million. The laboratory complex is planned to develop innovations for the company’s product line of axle and break components. (Reforma, October 23, 2014)
  • Plastics: U.S. plastic injection molder Technimark inaugurated a new US$5 million process plant in the central state of Guanajuato. The site, the company’s third in Mexico, will provide molding processes for rigid packaging. (Plastics News, October 9, 2014)
  • Hotels: U.S.-based hotel operator Hilton Worldwide plans to open 34 new hotels in Mexico through 2016, the company reported. The investment of up to US$360 million is expected to double the chain’s current number of hotels in the country. (El Financiero, October 10, 2014)
  • Automotive: German auto maker Audi inaugurated an advanced training center in the southern state of Puebla at a cost of over US$50 million. The Specialization Center will provide advanced technical training to specialists in areas such as automotive mechatronics, chassis mechanics, production mechanics and others. (El Economista, October 21, 2014)
  • Tourism: Mexican liquor producer Tequila Cuervo plans investment of approximately US$300 million to develop a multi-stage tourism corridor over the coming decades. The project will establish a route linking popular locations including San Miguel de Allende, Guadalajara and Puerto Vallarta with hotels, commercial complexes and other services to support tourism. (El Financiero, October 10, 2014)
  • Automotive: Italian packaging injection molder EuroPlast is planning to establish a mold-making operation in the central state of Querétaro via investment of US$2.5 million, the company reported. The facility is planned to produce specialized molds for the automotive industry. (Plastics News, October 8, 2014)
  • Hotels: Canadian owned luxury hotel Four Seasons Mexico City will invest US$15 million in a comprehensive remodel. Upgrades will include new designs for the facade, lobby and guest rooms, restaurant remodeling and the installation of a new restaurant and pastry shop. (El Financiero, October 9, 2014)
  • Automotive: Swiss automotive textiles producer Rossovivo will invest US$12 million to establish a manufacturing plant in the northern state of Durango, the Durango state government reported. The site is expected to produce materials for vehicle interiors. (Mexican Business Web, October 21, 2014)
  • Packaging: U.S. beverage giant Constellation Brands will build a new cardboard packaging plant in the northern state of Coahuila, the state government reported. The projected US$50 million facility is expected to provide packaging for the Modelo beer brand. (Mexican Business Web, October 9, 2014)
  • Solar energy: Chinese solar module maker Risen Energy plans investment of US$600 million to build a solar power plant in Mexico’s northern state of Durango, the company revealed. Announcement of the projected 300 MW capacity site was made in advance of the upcoming Expo and Forum on China-Mexico Trade and Investment to be held in November 2014. (El Financiero, October 8, 2014)
  • Construction: Canadian real estate investors Ivanhoé Cambridge plan investment of up to US$500 million to develop mixed-use urban communities in Mexico. The projects, in association with U.S. developers Black Creek Group, will kick off with a residential complex near Mexico City’s upscale Santa Fe district. (Toronto Globe & Mail, October 8, 2014)
  • Manufacturing: U.S. off-road vehicle manufacturer Polaris Industries plans investment of US$110 million to expand operational capacity at its production plant in the northeastern state of Nuevo León. Expansion is expected to focus on painting and welding processes for all-terrain and light utility vehicles. (Reforma, October 1, 2014)

 

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