Category Archives: Energy

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Automotive: U.S. automotive components supplier Android Industries inaugurated a new operations plant in the central state of Guanajuato. The US$21 million site is expected to put together kits of products such as spare tires, radiators, consoles and other parts for General Motors auto manufacturing plants.  (El Financiero, September 28, 2018)
  • Solar power: French energy conglomerate Engie announced it will construct a solar power generation plant in the northwestern state of Sonora. The US$111 million facility is projected to have generation capacity of 130.8 MW.  (Reforma, September 27, 2018)
  • OTC pharma: British-owned OTC medicines maker Sal de Uvas Picot plans approximately US$4.8 million in investment in Mexico manufacturing operations, the company reported. Resources will support a 20% expansion of production capacity for antacid products and cold medicines under the brands Sal de Uvas Picot and Mucinex.  (El Financiero, September 26, 2018)
  • Airlines: Mexican passenger air carrier Interjet will expand an existing aircraft order to Airbus for 20 more airplanes at a cost of approximately US$79 million, the company reported. The new A329 NEO aircraft will be phased into service over the coming five years. (El Financiero, September 17, 2018)
  • Liquor: S-Japanese drinks giant Beam Suntory has invested approximately US$60 million from 2017 through the present to modernize and expand its tequila plant in the western state of Jalisco, the company reported. Beam Suntory is launching a campaign to gain market share in the country for its traditional tequila brands Sauza and Hornitos. (El Financiero, September 12, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Wind power: Spanish energy infrastructure developer Iberdrola plans to triple the capacity of a wind power generation park it operates in the southern state of Puebla, the company reported. The US$290 million expansion is planned to include 51 new 2.6 Mw turbines and supply electricity for Grupo Modelo beer brewing operations. (El Financiero, August 31, 2018)
  • Retail: Mexican commercial real estate developer Gicsa plans to inaugurate three new retail and entertainment complexes this year under the concept “malltertainment.” The sites will include shopping, restaurants and entertainment offerings and are intended to serve as tourist attractions in the cities of Mérida, Puebla and Querétaro. (El Financiero, August 29, 2018)
  • Logistics: German logistics multinational DHL reported it will conclude a US$80 million investment program in Mexico this year, a record high for the company in this market. Projects include adding 605 new vehicles to DHL’s Mexico delivery fleet, as well as 100 additional sales locations and two new service centers. (Reforma, August 30, 2018)
  • Commercial real estate: Private real estate developers are preparing to launch construction of three new shopping malls this year in Mexico via total investment of over US$850 million.  The cities of Guadalajara, Mérida and Metepec will host the new retail developments, which in some cases will include office space and residential complexes. (Reforma, August 27, 2018)
  • Leisure: Mexican multinational children’s entertainment center operator KidZania reported it will invest approximately US$24 million to build new locations and upgrade existing ones. Key upgrades include equipping KidZania centers with “internet of things” technologies. (El Financiero, August 22, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: S. DIY retailer The Home Depot opened its 123rd Mexico store in the central state of Queretaro, the company reported. The chain is projecting total 2018 investment in Mexico at approximately US$84 million, in areas such as maintenance and modernization of stores and distribution centers. (El Financiero, June 22, 2018)
  • Construction materials: Mexican flooring manufacturer Interceramic inaugurated a new production plant in the central state of Guanajuato, the company reported. The US$80 million site – Interceramic’s tenth plant in the country – will produce floor tiles for the domestic market. (El Financiero, June 21, 2018)
  • Pharmaceutical: U.S. drug maker Pfizer plans investment of approximately US$26 million in Mexico operations this year, the company reported. Projects include the expansion and modernization of Pfizer’s production plant in the central city of Toluca, as well as resources for product research and development. (El Financiero, June 21, 2018)
  • Fuel storage: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the northeastern state of Nuevo León. The US$48 million site is planned to store gasoline and diesel fuels, the company reported. (Reforma, June 20, 2018)
  • Wind power: The Mexican Wind Power Association (AMDEE) projects that the country’s wind energy generation capacity will triple over the next five years via investment of approximately US$12 billion. The group estimates some 8,000 Mw of new capacity will be added, principally through private investment under the 2014 energy sector reform. (El Financiero, June 19, 2018) Continue reading Recent and upcoming investment in Mexico