Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Mining: Canadian mining company Minera Alamos reported it will invest approximately US$27 million in operations in the northern state of Durango. Alamos plans to begin extracting gold and silver at the site in 2019. (El Financiero, December 27, 2018)
  • Coffee: Swiss processed foods giant Nestlé will invest US$154 million to establish a state-of-the-art coffee processing facility in the eastern Gulf state of Veracruz, the Mexican government announced. The plant is projected to process 20,000 tons of green coffee beans per year initially. (Reforma, December 19, 2018)
  • Ethanol: Mexican ethanol producer Bioenergéticos Mexicanos (Biomex) is constructing an ethanol plant in the northeastern state of Tamaulipas, the company reported. The US$90 million facility is intended to supply national oil and gas company Petróleos Mexicanos (Pemex) via an initial annual output of 55 million liters (14.5 million gallons). (Reforma, December 18, 2018)
  • Commercial real estate: An international consortium consisting of Mota-Engil (Portugal), Thor Urbana (Mexico), GFA (Mexico) and Marriott International (USA) announced it will construct a large scale tourism and residential development in the northwestern coastal state of Nayarit. The estimated US$1.8 billion project is planned to include five luxury hotels, a golf course and 2,500 residential units. (Reforma, December 14, 2018)
  • Vehicle fleets: Mexican corporate group Grupo ARHE is projecting approximately US$33 million in investment during the coming year to renovate and upgrade its vehicle fleet. The company operates the Alamo rent-a-car franchise in Mexico. (El Financiero, December 14, 2018)
  • Hotels: Mexican hotel operator Grupo Hotelero Santa Fe reported plans to construct a hotel and spa in the Caribbean resort city of Tulum via investment of US$80 million. Santa Fe operates hotels in Mexico under brands including Krystal, Hilton, Hampton Inn and Ibis. (El Financiero, December 11, 2018)
  • Wind power: Italian renewable energy developer Enel Green Power initiated construction on a new wind power plant in the northeastern state of Nuevo León. The US$280 million electricity generation facility is projected to have capacity of 244 MW. (Reforma, December 11, 2018)
  • Automotive: Japanese bearings manufacturer NSK will construct a new production plant in the central state of Guanajuato, the company reported. The site, estimated to require investment of approximately US$100 million, is expected to produce steel automotive bearings. (AM León, December 7, 2018)
  • Chemicals: U.S. chemical firm The Chemours Company is currently constructing a new production plant in the northern state of Durango, the company reported. The US$140 million facility, planned to produce solid sodium cyanide for the Mexican mining industry, is projected for completion in 2019. (El Financiero, December 10, 2018)

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