Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Automotive: Japanese vehicle manuacturer Nissan is investing US$75 million to carry out modifications at its plant in the southern state of Morelos. Lines will be adapted to produce the company’s Frontier line of pickup trucks. (El Economista, January 27, 2015)
  • Mining: Canadian mining company Baja Mining, in conjunction with Korean state-owned mining developer Kores, inaugurated production at a site in the northern state of Baja California Sur. The US$2 billion project is expected to produce copper, zinc sulphate and metallic cobalt. (The Northern Miner, January 30, 2015)
  • Solar power: Mexican solar panel manufacturer ERDM Solar will expand the capacity of its manufacturing plant in the eastern state of Veracruz via investment of approximately US$116 million, the company reported. Plans include installation of a new production line by German technology provider Schmid. (Reforma, January 20, 2015)
  • Manufacturing: U.S.-based personal care products manufacturer Kimberly-Clark will invest over US$100 million in Mexico operations this year, the company reported. Mexico’s largest manufacturer of bathroom tissue, napkins and diapers will apply resources to the expansion of production capacity, plant maintenance and research and development. (El Financiero, January 28, 2015)
  • Hotels: Mexican hotel operator Grupo Posadas is projecting estimated investment of US$300 in Mexico operations in 2015. The company reports that they are currently opening an average of two new hotels per month in the country. (El Financiero, January 30, 2015)
  • Retail: U.S. DIY home improvement retailer The Home Depot plans investment of approximately US$100 million in Mexico operations during the current year. Expansion plans include the opening of at least five new sales locations, the company reported. (El Financiero, January 27, 2015)
  • Aerospace: Netherlands based aerospace manufacturer Fokker Aerostructures plans US$6 million worth of expansion and upgrades to its manufacturing plant in the northern state of Chihuahua, the Chihuahua state government reported. Projects are planned to reinforce operations for production of aerostructures and floorboards. (Reforma, January 14, 2015)
  • Retail: Mexican retailers associated with the National Retailers Association (ANTAD) are projecting combined investment of approximately US$3.6 billion in 2015, ANTAD reported. Resources will support new store openings, remodeling of existing stores, upgrades to logistics, distribution and management systems and new technologies, among other areas. (El Financiero, January 21, 2015)
  • Beverage: Belgian-owned Mexican beer brewer Grupo Modelo, producer of Corona, will build a new brewery in the southeastern state of Yucatán at an estimated cost of US$150 million. The facility is planned to have scalable capacity up to a maximum 15 million hectoliters annually. (El Universal, January 19, 2015)
  • Automotive: Korean auto parts maker Hyundai Mobis announced it will build a production plant in the northeastern state of Nuevo León. The US$417 million site is planned to produce automotive modules and lamps for South Korean OEMs. (Reuters, January 16, 2015)
  • Aerospace: Canadian aerospace parts manufacturer Cormer Aerospace inaugurated a new production plant in the central state of Querétaro, the state government reported. The US$26 million site is expected to produce advanced technology machined parts for aircraft. (Mexican Business Web, January 14, 2015)
  • Hotels: French luxury brand corporate group Louis Vuitton Moët Hennessy (LVMH) revealed plans to build an ultra-luxury resort on the Pacific coast of the state of Jalisco. The US$80 million complex is planned to open under the Cheval Blanc brand by the end of 2017. (Reforma, January 8, 2015)
  • Steel: Korean steel products maker Posco plans investment of US$25 million to establish a production site in the norhtern state of Zacatecas. The facility is expected to produce rolled steel for the regional automotive industry. (Mexican Business Web, December 31, 2014)
  • Solar power: Mexico’s Environment Ministry (Semarnat) granted 50-year permits for the construction and operation of solar energy generation plants Los Santos I and II in the northern state of Chihuahua. The US$39 million project is planned to use 74,000 solar modules provided by Chinese manufacturer Astroenergy. (El Economista, December 23, 2014)

 

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