Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Construction: Portuguese industrial conglomerate Mota-Engil is planning US$1.8 billion in residential and luxury hotel developments in Mexico, the company reported. Projects include 2,500 beachfront residential units in the northwestern state of Nayarit, five new hotels and a golf course. (El Financiero, April 27, 2016)
  • Chemicals: Japanese chemical producer Mitsui Chemicals and South Korean petrochemical company SKC Polyurethanes will jointly establish a manufacturing plant in the northeastern state of Nuevo León, the state government reported. The US$8.2 million site is planned to provide polyurethane resin components for suppliers to a Kia Motors factory under construction in the area. (Reforma, April 27, 2016)
  • Ports: The Mexican subsidiary of U.S.-based port operator SSA Marine reported plans to construct a port terminal specialized for the handling of automobiles. The US$50 million loading dock will be installed at the Pacific coast port of Lázaro Cárdenas. (Reforma, April 22, 2016)
  • Electronics: Japanese electronics manufacturer Pioneer initiated construction of a new manufacturing plant in the western state of Jalisco, the company reported. The US$11.4 million site is planned to produce audio components for regional automotive EOMs. (Mexican Business Web, April 22, 2016)
  • Automotive: Italian tire maker Pirelli is projecting investment of approximately US$200 million over the next three years to establish a manufacturing plant in the central state of Guanajuato, the company reported. Slated for inauguration in 2017, the factory is planned to produce 2.5 million tires annually. (Reforma, April 21, 2016)
  • Construction: Mexican housing developer Consorcio Ara announced plans to build 10 housing complexes this year at an estimated cost of US$226 million. The developments will be focused primarily on apartments for low to medium-low income residents. (Reforma, April 21, 2016)
  • Solar energy: Private and public sector officials inaugurated the first stage of the Los Santos I solar power generation plant in the northern state of Chihuahua. The US$40 million facility was developed by Buenavista Renewables (USA) and OCI Solar (Korea). (Buenavista Renewables, April 14, 2016)
  • Logistics: Mexican department store chain Coppel inaugurated a new distribution center in the southeastern state of Puebla, the company reported. The US$23 million facility will provide products for Coppel stores in the surrounding states of Oaxaca, Veracruz and Tlaxcala in addition to Puebla. (El Financiero, April 18, 2016)
  • Beverage: Mexican Coca Cola bottler Arca Continental plans to expand capacity by adding production lines at plants in the northern states of Aguascalientes and Chihuahua this year, the company reported. Arca estimates total investment in Mexico, Ecuador and Argentina operations this year at approximately US$395 million. (El Financiero, April 15, 2016)
  • Fitness: U.S. fitness center franchiser 9Round is projecting investment of approximately US$8 million to expand operations in Mexico, the company reported. Plans include the opening of 90 gyms in the country over the next four years. (El Financiero, April 15, 2016)
  • Pharmaceutical: Japanese pharmaceutical multinational Takeda re-inaugurated its manufacturing plant in the central State of Mexico at a cost of approximately US$8.5 million. Resources supported new equipment and expansion of production capacity for medications for gastrointestinal, metabolism, specialized medicine and gynecology applications. (El Universal, April 13, 2016)
  • Solar energy: Solairedirect, the Mexican subsidiary of French energy multinational Engie, was awarded a tender contract to build a 23 MW solar energy generation plant in the northwestern state of Baja California. Investment was not specified for the site, which will reportedly sell electricity to Mexico’s national power utility at US$48/Mwh. (Mexican Business Web, April 13, 2016)
  • Financial services: U.S. insurance company MetLife has agreed to establish a global distribution center in the central state of Querétaro, the state government reported. The US$11 million center is planned to provide global distribution of services, insurance and administrative support for the company. (El Financiero, April 7, 2016)
  • Chemicals: Chemical manufacturers Braskem of Brazil and Idesa of Mexico launched operations at their new joint petrochemical production complex in the eastern state of Veracruz. The US$5.2 billion site is reportedly the largest petrochemical plant in Latin America and will produce polyethylene for use in plastics manufacturing. (El Financiero, April 7, 2016)
  • Tires: French automotive tire maker Michelin plans to build a production facility in the central state of Guanajuato, according to multiple media reports. The US$510 million site is planned to produce passenger and light truck tires for the North American, European and Asian markets. (El Financiero, April 6, 2016)
  • Recreational vehicles: Canadian recreational vehicle manufacturer Bombardier Recreational Products (BRP) inaugurated a new production plant in the northern border city of Ciudad Juárez. The US$36 million site is planned to produce the Defender utility vehicle. (El Financiero, April 7, 2016)
  • Coatings: Swedish industrial coatings company Beckers inaugurated a new production plant in the northeastern state of Nuevo León. The US$8 million facility is planned to produce specialized paints for automotive bobbins. (Reforma, April 7, 2016)
  • Building materials: Chilean wood products manufacturer Masisa completed construction of a new production plant in the northern state of Durango, the company reported. The new site is planned to produce wood panel products for finishings and flooring. (El Financiero, April 4, 2016)
  • Energy: Spanish energy multinational Iberdrola was awarded a government tender contract to build and operate a combined-cycle electricity generation plant in the northwestern state of Sinaloa. The US$335 million natural gas driven plant is planned to enter into service in 2019. (El Universal, April 5, 2016)
  • Logistics: U.S. dry bulk carrier Bulkmatic announced plans to invest US$50 million to build storage terminals in central and northeastern Mexico. The sites will be used for storage and distribution of gasoline and diesel to be shipped by rail to Mexico. (Reforma, April 5, 2016)
  • Solar power: Italian renewable energy developer Enel Green Power announced projected investment of up to US$1 billion in photovoltaic solar generation capacity in Mexico. The plans were revealed following the award of contracts for approximately 1 GW of electricity to Enel’s Mexican subsidiary in the country’s first long-term public electricity tender under the 2014 energy reform.   (Enel Green Power, March 30, 2016)

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