Category Archives: Investment

ZEE Economic Zones face chop under AMLO

Rictus, El Financiero, March 28, 2019

So far we’ve been resisting the urge to complain about the new government, and for the moment we’re going to stick with that policy until more time has passed to evaluate the direction things are taking.  But we will say this: the rise to power of a leftist political party with a near-monopoly over the institutions of government raised a lot of questions about what would happen to the center-right programs and reforms of the two previous administrations. President Andrés Manuel López Obrador (AMLO), in office for four months now, has demonstrated from the start that he is willing to cancel previous governments’ initiatives regardless of their scale.  The best example of this is the partially-built new Mexico City airport, which now is a 4,430-hectare empty lot, but parts of the energy and education reforms could be thrown in as well.  Every pharaoh has his pyramid, though, and no sooner did AMLO scrap previous president Enrique Peña’s US$13 billion airport than he set to work on his Tren Maya tourist train, projected to begin trampling virgin Yucatan jungle by 2022 to the relatively thrifty tune of US$8 billion.  Continue reading ZEE Economic Zones face chop under AMLO

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pork: U.S.-Mexican pork producer Granjas Carroll de Mexico inaugurated a large pork processing plant in the southern state of Puebla, the company reported. The US$145 million facility is equipped with eight biodigesters to produce clean energy and has processing capacity of 600 hogs per hour. (El Financiero, February 21, 2019)
  • Chemicals: Netherlands-based chemicals maker Nouryon reported it will expand its manufacturing plant in the central State of Mexico. The US$17 million upgrade will allow the site to increase production of organic peroxides used in the manufacture of PVC and other plastics. (El Financiero, February 19, 2019)
  • Automotive: German automotive components manufacturer Preh inaugurated a new pre-production plant in the northeastern city of Nuevo León, the company reported. The US$7.4 million facility will allow Preh to expand production capacity for products such as dashboard electronics, climate control, audio and navigation systems. (Zócalo, February 15, 2019)
  • Telecommunications: Mexican telecommunications multinational América Móvil reported plans to invest approximately US$8.5 billion this year across operations. Resources will support expansion of wireless coverage, data transmission capacity and 5G technology. (El Financiero, February 14, 2019)
  • Mining: UK and Mexico-based mining company Fresnillo reported investment plans totaling approximately US$1.98 billion to support operations in Mexico over the next three years. Plans include acceleration of silver and gold extraction as well as the expansion of the company’s pyrites plant in the northern state of Zacatecas. (El Financiero, February 27, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Cement: Swiss building materials multinational Holcim is projecting Mexico investment this year of up to US$50 million to extend its distribution network around the country, the company reported. Plans also include increasing production capacity at its cement and concrete plants, reducing emissions and improving operating efficiency. (El Economista, January 27, 2019)
  • Pharmaceutical: U.S. drug maker Pfizer plans to invest approximately US$26 million in Mexico operations this year to speed the launch of new products, the company reported. Resources will support upgrades to Pfizer’s Toluca manufacturing plant, expansion of clinical research and implementation of social and educational programs in the country. (El Financiero, January 28, 2019)
  • Pet supplies: U.S. pet products specialty retailer Petco reported plans to invest US$20 million this year to support Mexico operations. Projects include opening 20 new sales locations, remodeling existing stores and upgrading the chain’s e-commerce platform. (El Financiero, January 28, 2019)
  • Fuel transport: Mexican energy company Avant Energy is projecting investment of approximately US$90 million this year to boost supply of gasoline to central Mexico. Plans include installing infrastructure for the transport of fuel by rail to the state of Querétaro for transfer to tanker trucks, as well as upgrading capability for the transfer of gasoline from ships to rail tankers at Gulf port facilities. (El Financiero, January 21, 2019) Continue reading Recent and upcoming investment in Mexico