Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: Mexican grocery and general merchandise retailer La Comer reported it is on track to invest approximately US$155 million this year in store remodels, new stores and retail technology upgrades. The chain announced plans to open 8 – 10 new stores per year for the foreseeable future. (El Financiero, October 31, 2018)
  • Logistics: Mexican department store operator and commercial real estate developer Liverpool plans to invest up to approximately US$155 million in its Arco Norte Logistics Center in the central State of Mexico through 2022, the company reported. The distribution center is expected to begin handling appliances and furniture in 2021 with clothing, linens and accessories to follow in 2022. (El Financiero, October 29, 2018)
  • Food processing: Guatemala-based Grupo IDEALSA will invest US$70 million to establish processing operations in Mexico’s southern Puerto Chiapas Special Economic Zone (ZEE), the Mexican government reported. The two-plant site is planned to produce edible oils, fruit juices and dairy beverages. (El Financiero, October 18, 2018)
  • Paper processing: Mexican packaging manufacturer Grupo Gondi will establish a new production plant in the northwestern state of Sonora, the state Governor’s office reported. The US$44 million facility is expected to produce corrugated cardboard packaging with high quality graphics. (Expreso, October 14, 2018)
  • Motorcycles: Mexican automotive manufacturing and sales company MotoDrive, master distributor of the Indian motorcycle brand Bajaj in Mexico, announced plans to establish two assembly plants in the country. Total investment was not specified for the sites, which are expected to produce vehicles for the domestic market. (El Financiero, October 11, 2018)
  • Pork: Mexican pork producers currently are carrying out 12 major investment projects worth a combined US$900 million, an Agriculture Ministry official reported at a local agribusiness conference. Leading producers such as Proan, Kekén, Bafar, Kowi and Grupo Soles are heading a drive to double the country’s pork output over the next eight years. (Reforma, October 10, 2018)
  • Hotels: U.S. hotel operator Choice Hotels International reported plans to open 40 new hotels in Mexico over the next five years via investment of approximately US$210 million. The company currently operates 33 locations in Mexico under brands including Quality Inn, Comfort Inn, Sleep Inn, Rodeway inn and MainStay Suites. (Reforma, October 10, 2018)
  • Automotive: U.S. auto parts manufacturer Donaldson opened a new production plant in the central state of Aguascalientes, the state government reported. The US$26 million site is planned to produce air filtration products for automotive and heavy equipment manufacturers including Caterpillar, John Deere, Volvo, Nissan and others. (Visión Industrial, August 30, 2018)
  • Logistics: Mexican courier operator Estafeta will invest approximately US$13 million to upgrade operational capabilities, local media reported. Resources will support acquisition of 169 Mercedes Benz trucks and the establishment of new back office operations at the company’s Mexico City logistics center. (Reforma, October 1, 2018)
  • Automotive: Austrian metal forming services provider Voestalpine inaugurated a new manufacturing plant in the central state of Aguascalientes, local media reported. The US$30 million facility will produce stamped metal chassis and door parts for area automotive OEMs such as Daimler and Nissan. (El Financiero, September 7, 2018)
  • Water management: U.S. water management company Fluence Corp. initiated construction of a desalination plant in the northwestern state of Baja California, the company reported. The US$48 million facility is projected to supply approximately 777,000 cubic feet of water per day to the surrounding region.  (Reportero Industrial Mexicano, October 3, 2018)

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