Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Food processing: Mexican canned foods leader Grupo Herdez inaugurated a new vegetable processing plant in the western state of Sinaloa, the company reported. The US$21 million facility includes green components such as a water treatment plant, efficient water and electricity consumption technologies and a passive solar roof system. (El Financiero, February 25, 2015)
  • Animal feed: U.S.-based agricultural commodity giant Cargill will invest approximately US$8 million to expand production capacity at its plant in the southern state of Puebla. Planned upgrades include a new extrusion line for commercial fish feed. (El Financiero, February 25, 2015)
  • Chemicals: Mexican chemicals giant Mexichem plans investment of approximately US$200 million this year in Mexico operations, the company reported. Projects include modernization of the company’s PVC plant in the eastern state of Veracruz and electricity co-generation developments. (Finamex Casa de Bolsa Comentario de Cierre, February 26, 2015)
  • Automotive: German auto maker Volkswagen announced plans to invest US$1 billion in its production plant in the southern state of Puebla. The resources are expected to increase capacity particularly for production of a sport utility vehicle (SUV) model. (El Financiero, February 20, 2015)
  • Renewable energy: Cemex Energía, a newly created energy division of Mexican cement giant Cementos Mexicanos (Cemex), plans US$30 million in investment in renewable energy developments over the next five years. Projects are expected to include wind and solar generation. (El Financiero, February 20, 2015)
  • Logistics: Mexican courier operator Estafeta plans investment of approximately US$32 million during the current year, the company reported. Projects include construction of a new distribution center in the northeastern city of Monterrey and expansion of a distribution center in Mexico City. (Reforma, February 18, 2015)
  • Energy: Canadian utility infrastructure developer ATCO began construction of a 17 km natural gas pipeline for Mexico’s Federal Electricity Commission (CFE) in the central state of Hidalgo. The US$50 million project is planned to supply natural gas to two power plants in the area. (Mexican Business News, February 13, 2015)
  • Meat processing: Mexican meat packing and processing giant SuKarne renovated its plant in the northern border municipality of Mexicali at a cost of approximately US$40 million, the company reported. Technology upgrades are aimed at boosting capacity to process up to 275,000 head of livestock annually. (El Financiero, February 12, 2015)
  • Hotels: U.S. budget hotel operator G6 Hospitality plans to build 55 new locations in Mexico over the next five years, the company reported. The US$200 million investment is aimed at serving growing demand in zones undergoing rapid industrial expansion, particularly from the automotive industry. (Reforma, February 11, 2015)
  • Automotive: French electronics and electromagnetic systems manufacturer Efi Automotive announced plans to build a new production plant in the western state of Jalisco. The estimated US$15 million site is expected to produce components for regional automotive OEMs. (Unión de Jalisco, February 11, 2015)
  • Electronics: U.S. manufacturing services company Jabil Circuit plans to establish a new production facility in the western state of Jalisco. The US$10 million plant is expected to produce data storage equipment, the Jalisco state government reported. (El Economista, February 8, 2015)
  • Hotels: Spanish hotel operator Barceló is earmarking approximately US$200 million to build or acquire up to 10 additional hotels in Mexico over the next five years. The firm will be targeting urban centers rather than beach resorts in this phase of expansion. (El Financiero, February 9, 2015)
  • Railways: Mexican industrial conglomerate Grupo México plans Investment of approximately US$429 million in its transport operations this year. Expansion and equipment upgrades are expected for the Ferromex and Ferrosur rail freight carriers and Intermodal Mexico intermodal terminal operator. (Reforma, February 6, 2015)
  • Mining: Mexican industrial conglomerate Grupo México announced investment plans of approximately US$2.8 billion in mining operations in 2015. Priority projects will include expansion of the Buenavista copper and manganese mine in the northwestern state of Sonora. (El Financiero, Febrero 5, 2015)
  • Franchising: Brazilian home improvement services provider Doctor Solución plans investment of approximately US$6.7 million to establish a presence in the Mexican market. The company plans to introduce its home remodeling and repair franchises in 11 cities throughout Mexico in 2015. (Mexican Business Web, February 3, 2015)

 

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