Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Tires: U.S. tire maker Goodyear announced it will build a major new manufacturing plant in Mexico’s northeastern state of San Luís Potosí at a cost of approximately US$550 million. The facility, intended principally to supply the region’s booming automotive industry, is expected to come on line in 2017. (La Crónica, April 24, 2015)
  • Ports: U.S. rail and marine terminal operator Grupo Carrix plans investment of approximately US$670 million in Mexico through 2018, the company reported. Projects include completion of a new cutting edge port terminal at Tuxpan on the Gulf of Mexico. (El Economista, April 23, 2015)
  • Industrial parks: Mexican industrial real estate developer Vesta plans to build a new industrial park near the tourism center of San Miguel de Allende, the company reported. The US$61 million project aims to take advantage of the rapidly expanding automotive industry in the central state of Guanajuato. (El Financiero, April 23, 2015)
  • Packaging: U.S. jar and can maker Ball Corp. will establish a manufacturing plant in Mexico, the company reported. The new facility is planned to produce metal cans to meet demand from thriving beer production in the country. (Denver Post, April 20, 2015)
  • Transport: U.S. railroad freight car equipment manufacturer Greenbrier inaugurated a new production plant in the central state of Tlaxcala, the company reported. The site, for which the amount of investment was not specified, will produce boxcars, gondolas and hoppers principally for export to the United States. (Mexican Business Web, April 21, 2015)
  • Automotive: U.S. automobile maker Ford announced investment plans totaling approximately US$2.5 billion in Mexico operations. The large scale plan includes expansion of the company’s motor manufacturing plant in the northern state of Chihuahua and construction of a new transmission plant jointly with German transmission maker Getrag in the central state of Guanajuato. (T21, April 17, 2015)
  • Mining: Mexican mining firm Fresnillo will invest US$700 million in Mexico operations this year, the company reported. Plans include construction of a pyrites plant as well as additional expansion and maintenance of silver and gold mines. (Reforma, April 14, 2015)
  • Automotive: Japanese auto maker Toyota announced it will invest approximately US$1.25 billion to build a major manufacturing plant in the central state of Guanajuato. The state is already home to General Motors, Honda, Mazda and Volkswagen manufacturing sites. (Reforma, April 14, 2015)
  • Hotels: Mexican hotel operator Grupo Vidanta plans investment of approximately US$1.3 billion in new tourism hotels in Mexico, the company reported. Destinations targeted for new developments include the Riviera Maya and Riviera Nayarita zones as well as Los Cabos, Puerto Peñasco and Acapulco. (El Financiero, April 10, 2015)
  • Medical devices: Iceland-based Össur, a maker of non-invasive orthopedic equipment, plans to double production capacity at its factory in the northern border city of Tijuana. The US$7.5 million expansion is aimed at transfering production at the company’s Asia plants to Mexico. (Mexican Business Web, April 13, 2015)
  • Automotive: U.S. auto parts manufacturer Motorcar Parts of America plans investment of approximately US$25 million at its plant in the northern border city of Tijuana, the company reported. Resources will help expand and upgrade capacity for remanufacture of automotive generators and alternators. (Diario Tijuana, April 9, 2015)
  • Manufacturing: Mexican real estate investor Fibra Prologis plans to construct a major new industrial park along the Mexico-Querétaro highway. The US$350 million project will target auto parts manufacturers and logistics companies seeking access to the key industrial transport route. (Finamex Casa de Bolsa Comentario de Apertura, April 13, 2015)
  • Healthcare: U.S. medical testing firm Scantibodies Laboratory reported planned investment of approximately US$7 million in equipment for its imaging and therapy center in the northern border city of Tecate. The facility offers diagnosis, treatment, monitoring and therapy for cancer patients at the site. (Mexican Business Web, April 13, 2015)
  • Railroad: Mexican rail freight operator Ferromex has begun to acquire bi-level and tri-level rail cars to meet growing demand for transport of automotive production, the company reported. The company has made initial purchases worth US$80 million. (Finamex Casa de Bolsa Comentario de Cierre, April 8, 2015)
  • Retail: Mexican retail and commercial real estate operator grupo Gigante announced it is acquiring consumer electronics retail chain Radio Shack de México through its subsidiary Office Depot de México. The US$31.8 million acquisition includes 251 Radio Shack stores in Mexico. (Casa de Bolsa Finamex Comentario de Cierre, March 30, 2015)
  • Automotive: Mexican auto parts manufacturer Rassini announced plans to invest approximately US$173 million in plant maintenance, expansion and product innovation this year. Plans also include expansion of a machining line for the company’s suspension and brake products for German automotive OEM Audi. (Reforma, March 30, 2015)

 

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