Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican corporate group FEMSA will invest approximately US$1.3 billion in Mexico this year across its retailing, beverage bottling and gas station operations, the company reported. Key projects include 50 new gas station-convenience store combination locations under the company’s Oxxo brand. (Dinero en Imagen, February 28, 2017)
  • Logistics: DHL Express, courier subsidiary of German logistics multinational DHL, reported plans to invest approximately US$200 million to expand operations in Mexico. Projects include upgrades to the company’s air freight terminals in the Monterrey, Guadalajara and Querétaro airports and the opening of new service centers, among others. (El Financiero, February 23, 2017)
  • Dairy: Mexican dairy giant Grupo Lala plans investment of approximately US$175 million to expand operations, the company reported. Lala specified only that resources will support “innovation and productivity.” (Dinero en Imagen, February 21, 2017)
  • Mining: Canadian mining company Goldcorp reported plans to invest US$300 million in its Peñasquito mine in the northern state of Zacatecas. The company is seeking to increase its gold-producing holdings by 20%. (El Financiero, February 20, 2017)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$170 million in Mexico operations during the present year. Resources will support the group’s activities in areas such as pork production, automotive transmission manufacturing, rubber and auto parts. (El Financiero, February 17, 2017)
  • Electronics: German electronics manufacturing conglomerate Siemens will invest approximately US$200 million in Mexico over the next 10 years, the company reported. Areas of investment will include technology innovation, industrial digitalization and modernization of energy management. (Forbes, February 15, 2017)
  • Mining: Mexico’s Peñoles industrial group reported plans to invest approximately US$1.1 billion this year in its Mexico mining operations. Plans include the expansion of extraction and processing infrastructure for metals such as gold, silver, lead, zinc and copper. (El Economista, February 14, 2017)
  • Railroad: Mexican rail freight operator Ferromex plans investment in excess of US$250 million during the current year, the company reported. Projects include expansion of rail infrastructure and tunnel construction, among others. (El Financiero, February 10, 2017)
  • Commercial real estate: Mexican real estate developer Thor Urbana is currently implementing an investment program of approximately US$1.1 billion in various locations in Mexico and neighboring Belize. Projects include hotels and mixed-use developments in Guadalajara, Los Cabos, Mérida and San Luís Potosí. (El Financiero, February 9, 2017)
  • Solar power: Spanish renewable energy developer Acciona Energía and Mexican partner Tuto Energy announced they will expand the capacity of their planned solar power generation plant to 270 MW. The US$300 million site under development in the northwestern state of Sonora is expected to begin operation in 2019. (Acciona, February 7, 2017) 
  • Pharmaceutical: British pharmaceutical manufacturer AstraZeneca plans approximately US$12 million in investment this year in its Global Technology Center in the western state of Jalisco, the company reported. The center develops software to advance efficiency of manufacturing processes. (Forbes, February 3, 2017)
  • Cement: Mexican cement producer Cementos Moctezuma inaugurated a major expansion to its plant in the eastern Gulf coast state of Veracruz. The US$150 million project boosted production capacity at the site to 2.75 million tons annually. (Reforma, February 3, 2017)
  • Automotive: China’s JAC Motors and Mexico’s Giant Motors announced a joint venture to expand an existing Giant vehicle manufacturing plant in the central state of Hidalgo. The US$212 million upgrade is planned to produce sport utility vehicles under the JAC brand beginning this year. (France24, February 2, 2017)
  • Plastics: U.S. fiber-reinforced composites pultruder Strongwell Corp. launched operations at a new factory in the northeastern state of Nuevo León, the company reported. The US$15 million plant will produce pultruded profiles for Mexican ladder manufacturer Grupo Cuprum. (Plastics News, January 25, 2017)
  • Metal forming: U.S. metal stamping company Trans-Matic inaugurated its first Mexican production plant in the northeastern state of Nuevo León. The US$12 million facility will provide deep die and progressive die stamping, assembly and tool development and building services. (Reforma, February 1, 2017)

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