Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican commercial conglomerate Grupo Gigante plans investment of approximately US$800 million over the next five years to expand and upgrade its casual dining properties, the company reported. Projects include new location openings and remodeling for chains such as Toks and Beer Factory, as well as support for non-food retail chains operated by the company such as Office Depot and Petco. (Reforma, July 27, 2016)
  • Aerospace: U.S. aerospace components manufacturer Esterline Corp. announced it will expand its plant in the northern border city of Tijuana during the company’s participation at the recent Farnborough International Air Show. The US$35 million expansion will allow Esterline to increase production of its electronics for aerospace applications. (Tijuana en la Noticia, July 14, 2016)
  • Medical devices: German medical device manufacturer CODAN announced it will invest approximately US$9 million to establish a new production plant in the northern border city of Tijuana. The site is expected to produce medical transfusion and infusion systems. (Periódico Industrial Siglo 21, July 21, 2016)
  • Telecommunications: Mexican telephone, television and internet service provider Totalplay, a subsidiary of conglomerate Grupo Salinas, is completing investment of US$400 million to expand its fiber optic network, the company reported. The company reports coverage of 6 million homes in 20 Mexican cities. (El Financiero, July 13, 2016)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) inaugurated a US$3.8 million expansion of its airport at the Pacific coast resort of Zihuatanejo, the company reported. Projects included expansion and remodeling of terminal locations including waiting areas, baggage claim, immigration, Customs, inspection and passenger services areas. (El Financiero, July 15, 2016)
  • Railroads: Mexican rail freight operator Ferromex plans to acquire a total of 50 new locomotives over the course of this year, the company reported. The US$250 million investment comes in response to rising demand for rail freight services in Mexico. (El Financiero, July 18, 2016)
  • Commercial real estate: Mexican commercial real estate developer Planigrupo is projecting investment of approximately US$164 million to open shopping centers in the country, the company reported. Projects will target regional medium income markets in states such as Yucatan, Baja California, Jalisco and Nuevo León. (El Financiero, July 13, 2016)
  • Textiles: Progressive Products de Mexico, a subsidiary of Belgium-based Bekaert Textiles, plans investment of US$25 million to expand its manufacturing plant in the northern border city of Tijuana, the company reported. The site produces textiles principally for mattresses and pillows. (Periódico Industrial Siglo 21, July 26, 2016)
  • Airports: Mexican airport operator Grupo Aeroportuario de la Ciudad de México (GACM) issued an international tender for the construction of the terminal building of the new Mexico City airport, currently under construction. The cost of the terminal is projected at approximately US$3.8 billion. (Reforma, July 18, 2016)
  • Restaurants: U.S.-based Brazilian steakhouse chain Texas de Brazil reported plans to expand Mexico operations over the next 10 years. Investment of US$40 million will include the opening of eight new restaurants in Mexico City and five additional sites in other upper income markets. (Reforma, July 18, 2016)
  • Chemicals: Swiss specialty chemicals producer Clariant inaugurated a new industrial plant in the central state of Mexico. The new site, for which the amount of investment was not specified, will produce water-based pigment preparations and solvents to support the company’s operations throughout the Americas. (Visión Industrial, July 4, 2016)
  • Mining: Member companies of the Mexican Mining Chamber of Commerce (Camimex) are projecting combined investment of approximately US$4.7 billion in 2016, the chamber reported. The estimate represents a 1.6% increase over the previous year, following poor performance from the sector in 2015. (El Financiero, July 12, 2016)
  • Aerospace: U.S. aerospace manufacturer Honeywell plans investment of approximately US$15 million to upgrade its plant in the northern border city of Mexicali, the Baja California state government announced at the Farnborough industry show. Resources will support installation of new wind tunnel technology at the aircraft components plant. (Siglo 21 Periódico Industrial, July 13, 2016)
  • Restaurants: Mexican casual dining franchise and restaurant operator CMR is planning to open from 12 to 17 new retail locations in Mexico by the end of this year, the company reported. Projects include approximately US$22 million in investment to support brands such as Chili’s, Olive Garden, Red Lobster and Longhorn Steakhouse, among others. (Reforma, July 5, 2016)

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