Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fuel storage: Mexican diversified conglomerate Grupo México reported plans to construct two new fuel storage terminals, to be located in the cities of Guadalajara and Monterrey. The US$1.04 billion project is planned to supply gasoline, diesel and jet fuel to the two key industrial and population centers. (El Financiero, April 30, 2019)
  • Dairy: Mexican beverage bottler Industria Mexicana de Coca Cola inaugurated a new dairy products plant for its Jugos del Valle – Santa Clara subsidiary in the western state of Jalisco. The US$105 million facility bottles milk as well as packaging other fruit-based beverages. (Reforma, April 30, 2019)
  • Coatings: Swiss-owned industrial coatings maker Oerlikon Balzers inaugurated a US$4.2 million manufacturing plant in the central state of Querétaro, the company reported. Oerlikon Balzers produces protective coatings for the automotive, aerospace, food processing and metal mechanic industries. (El Financiero, April 5, 2019)
  • Retail: Mexican retail operator Grupo Sanborns reported plans to invest approximately US$148 million this year in expansion. Projects include opening 20 new iShop consumer electronics stores and expanding and upgrading the company’s Sears and Sanborns department stores and Mixup home entertainment stores. (El Financiero, April 29, 2019)
  • Food processing: Mexican industrial miller and tortilla producer Gruma reported investment of approximately US$30 million during the first quarter of this year in operations in Mexico and the United States. Projects included construction of a new tortilla factory in the southern state of Puebla, installation of three new corn silos at existing plants and general technology upgrades. (Reforma, April 26, 2019)
  • Solar power: Italian renewable energy developer Enel Green Power inaugurated a solar energy generation park in the central state of Tlaxcala, the company reported. The US$165 million site is projected to have generation capacity of 220 MW. (Reforma, April 17, 2019)
  • Health care: Mexican health clinic operator Salud Digna reported plans to open 20 new locations this year at a cost of approximately US$10 million. Salud Digna currently operates 100 clinics in the country. (Reforma, April 15, 2019)
  • Coatings: Mexican paint manufacturer Comex, a subsidiary of U.S. based PPG Industries, inaugurated a US$8.8 million distribution center in the western city of Guadalajara, the company reported. The 128,000 square foot site will supply paint products to 615 Comex stores in the surrounding region. (Reforma, April 9, 2019)
  • Food & beverage: Mexican beverage bottler and savory snack maker Arca Continental plans investment of approximately US$240 million in Mexico operations this year, the company reported. Projects are expected to include expansion and modernization of production plants, distribution centers and delivery fleets. (Reforma, April 5, 2019)
  • Fuel storage: Mexican diesel fuel supplier Grupo Energéticos will expand its operations to include gasoline, the company reported. The company projects investment of approximately US$42 million to construct gasoline storage terminal facilities in the northeastern state of Nuevo León. (Zócalo, April 5, 2019)
  • Mining: Canadian mining company Sierra Metals reported investment plans in the range of US$30 million to support operations in Mexico. The firm’s mines in the northern state of Chihuahua produce metals such as copper, zinc, silver, and lead. (El Financiero, April 4, 2019)
  • Wind power: Leading Mexican grocery and general merchandise retailer Soriana inaugurated its fourth wind power generation park in the northeastern state of Tamaulipas, the company reported. The US$184 million plant will supply electricity to 313 of the company’s operating units such as stores, distribution centers and offices. (El Financiero, April 2, 2019)

 

One thought on “Recent and upcoming investment in Mexico

  1. Fuel storage is the greatest challenge facing medium sized fuel distributors in the country. Huge opportunities to be had.

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