Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Logistics: U.S.-based industrial real estate developer Prologis plans investment of US$180 million in Mexico operations this year, the company reported. Projects include construction of new industrial parks as well as acquisition of parks currently under construction. (El Financiero, March 26, 2015)
  • Retail: Mexican upscale department store chain Palacio de Hierro will establish a new store in the Gulf coast city of Veracruz at a cost of approximately US$40 million. The store will be part of a new oceanfront commercial development to include retail space, offices, restaurants and cinemas. (El Financiero, March 23, 2015)
  • Entertainment: Mexican cinema operator Cinemex projects it will add up to 170 screens to Mexico operations in 2015 at a cost of approximately US$100 million. Cinemex also plans to enter the U.S. market in 2016, the company reported. (Finamex Casa de Bolsa Comentario de Apertura, March 23, 2015)
  • Information technology: Mexican telecommunications service provider Alestra will invest approximately US$108 million in Mexico operations this year, the company reported. Plans include a major expansion of the company’s data center in the central state of Querétaro, one of five such centers Alestra operates in the country. (El Financiero, March 20, 2015)
  • Automotive: Canadian auto parts manufacturer Magna International plans investment of approximately US$135 million to install a production plant in the central state of Querétaro. The facility is planned to produce fenders, panels and other exterior vehicle parts for global OEMs. (El Financiero, March 19, 2015)
  • Food processing: DuPont Mexico, subsidiary of U.S. chemical giant DuPont, plans investment of US$10 million in Mexico operations in 2015, the company reported. Projects include expansion of the company’s pectin extraction plant in the western state of Colima. (Reforma, March 19, 2015)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) plans investment of approximately US$26 million to remodel the international airport at the Pacific coast city of Acapulco. Construction is intended to expand the site’s annual passenger handling capacity from one million to two million passengers. (El Financiero, March 12, 2014)
  • Beer: Mexican brewer Cuauhtémoc Moctezuma, subsidiary of Dutch beer giant Heineken International, inaugurated a new boiling house at its brewing plant in the northeastern city of Monterrey. The approximately US$46 million upgrade incorporates advanced systems for water and energy management into the facility’s operational systems. (El Economista, March 11, 2015)
  • Manufacturing: Mexican construction finishings manufacturer Lamosa will invest approximately US$130 million in Mexico operations this year, the company reported. Resources will be applied to expansion of manufacturing capacity as well as efficiency and cost reduction initiatives. (Reforma, March 13, 2015)
  • Energy: Spanish natural gas utility Gas Natural Fenosa reported plans to install 15 natural gas fueling stations for vehicles in Mexico over the next three years. The stations are part of approximately US$123 million in Mexico investments planned by the company to take advantage of opportunities under the 2014 energy reform. (Reforma, March 13, 2015)
  • Hotels: Singapore-based hotel operator Banyan Tree Hotels & Resorts plans to develop 10 projects in Mexico over the next three years, the company reported. The investment program includes luxury and business hotels in destinations such as Cancun and Los Cabos. (El Financiero, March 26, 2015)
  • Manufacturing: Mexican ceramic, adhesive and real estate corporate group Lamosa reported approximately US$130 million in investments slated for the current year. Projects include a new cogeneration plant at the company’s manufacturing complex in the northeastern city of Monterrey. (El Economista, March 13, 2015)
  • Brewing: Mexican brewer Cuauhtémoc Moctezuma, subsidiary of Dutch beer giant Heineken International, announced plans to construct a new brewery in the northern state of Chihuahua at a cost of approximately US$475 million. The 5 million hectoliter annual capacity plant is planned to be LEED certified and incorporate advanced water saving technologies. (Reforma, March 11, 2015)
  • Logistics: Wal-Mart de México, subsidiary of U.S. grocery and general merchandise leader Wal-Mart, inaugurated a new distribution center for perishable products in the northern state of Nuevo León. The US$47 million facility will supply products such as fruit, vegetables and meats to the chain’s retail locations in the northeastern region. (El Financiero, March 9, 2015)
  • Automotive: U.S. automobile manufacturer General Motors (GM) will invest US$87 million to expand its metal stamping plant in the northern state of San Luis Potosí, the company reported. Upgrades will include the addition of two new presses for sheet metal stamping operations. (El Financiero, March 5, 2015)
  • Food processing: Mexican food processor and specialty food retailer Grupo Herdez plans investment of approximately US$67 million this year, the company reported. Projects include a new distribution center in the northwestern state of Sinaloa as well as 60 new retail locations for the company’s Nutrisa brand chain of natural food stores. (El Financiero, March 3, 2015)
  • Retail: The International Council of Shopping Centers (ICSC) is projecting that 38 new shopping centers will open in Mexico this year, via investment of approximately US$1.6 billion. In recent years, over 60 new fashion and restaurant brands have entered the Mexican market, the organization reported. (El Financiero, March 3, 2015)
  • Renewable energy: Mexico’s national electricity company Federal Electricity Commission (CFE) reported plans to invest approximately US$2.7 billion in 15 new renewable energy projects over the next five years. The slate of developments includes wind power, hydroelectric and geothermal generation plants. (Finamex Casa de Bolsa Comentario de Cierre, March 5, 2015)
  • Wind energy: Mexican hotel operator City Express plans to construct a wind power generation plant in the southern state of Oaxaca, the company reported. The US$10 million project is planned to have a capacity of 5 MW to provide electricity for approximately 60 of the company’s hotels. (Reforma, March 3, 2015)

 

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