Archive for category Manufacturing

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Chemicals: U.S. chemical firm The Chemours Company initiated construction on a new production plant in the northern state of Durango, the company reported. The US$150 million facility is planned to produce solid sodium cyanide for the Mexican mining industry. (The Chemours Company, June 26, 2017)
  • Commercial real estate: Mexican real estate developers Fibra Shop and Grupo Frel will team up to expand existing retail complexes in the coastal tourist locations of Cancun and Los Cabos at a cost of approximately US$111 million, the companies reported. The expansions will incorporate the companies’ “Espacio Latino” marketing concept, which highlights Mexican culture, folklore, gastronomy and design into the shopping mall environment. (El Financiero, June 30, 2017)
  • Gas stations: Mexican gas station operator Grupo Lodemo reported plans to invest approximately US$5.6 million to convert 16 of its stations from the government-owned Pemex brand to the company’s own La Gas brand. Lodemo seeks to close the year with 50 locations in operation under the La Gas brand in the southeastern state of Yucatan. (El Financiero, June 29, 2017)
  • Electronics: French automation technology multinational Schneider Electric reported plans to invest US$10 million in manufacturing operations in the northwest state of Baja California. Resources will support production of thermal magnetic circuit breakers. (El Economista, June 21, 2017)
  • Aerospace: U.S. aerospace composites and textiles manufacturer Albany International plans approximately US$14 million of investment in the central state of Querétaro, the state government reported from the Paris Air Show. The resources are expected to support composite manufacturing operations in the state. (AM de Querétaro, June 20, 2017) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Food processing: Mexican beverage bottler Arca Continental reported plans to invest approximately US$210 million in Mexico operations during the current year. Areas earmarked for upgrades include new chilling equipment, production lines, transport equipment and information technologies. (El Financiero, April 28, 2017)
  • Solar power: The government of the western state of Jalisco initiated construction of a solar energy generation facility in conjunction with Mexican electrical engineering company Fortius Electromecánica, the state government reported. The projected    8 Mw capacity site will require an estimated US$22 million including a planned future expansion. (Manufactura, April 26, 2017)
  • Paper: Chilean-owned personal care tissue maker Absormex reported plans to invest US$25 million to expand Mexico manufacturing operations this year. Absormex products include bathroom tissue, diapers and sanitary napkins.  (Reforma, April 25, 2017)
  • Gas stations: Mexican fuel retailer Natgas is projecting it will open 32 new vehicular natural gas fueling stations by 2021. The cost of the expansion was not specified for the plans, which are intended to provide service to high volume users such as taxis, municipal transport systems and vehicle fleets in the country’s central Bajío region. (El Financiero, April 20. 2017)
  • Fuel transport: Mexican construction company Grupo Mexicano de Desarrollo (GMD) plans investment of US$50 million to expand its fuel transport and storage operations, the company reported. Projects are expected to include the construction of pipelines and storage tanks to support liquid fuel handling at port locations. (April 20, 2017) Read the rest of this entry »

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Big Mexican companies keep investing abroad

New market development

New market development

Despite some adverse conditions facing Mexico at the moment (cough Trump cough), the Mexican government has kept up its steady promotion of the country as a destination for foreign direct investment.  A couple of high-profile investments in the automotive industry appear to have been waylaid by threats or uncertainty over the future of NAFTA, but overall large foreign companies with long-term strategies for the Americas continue to establish new Mexico operations or expand existing ones.  Within this context, we once again took a look at the less-heralded flip side of Mexico FDI – investment by Mexican companies in other countries. Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Energy: Spanish energy infrastructure developer Iberdrola announced it has been awarded a contract to construct and operate a combined cycle electricity generation plant in the northwestern state of Sinaloa. The US$400 million plant is projected to have generation capacity of 766 MW. (El Financiero, March 22, 2017)
  • Food processing: Swiss processed foods giant Nestlé plans to invest approximately US$28 million to achieve water savings at its coffee processing plant in the central city of Toluca. Process modifications will include reduction of steam use, improved condensation recovery and the re-use of pre-treated water in industrial services, the company reported. (El Financiero, March 22, 2017)
  • Entertainment: Mexican corporate group Diniz reported it will add six new family entertainment centers under its Recórcholis brand in Mexico this year at a cost of approximately US$12 million. The centers include children’s activities such as games, rides, bowling, ice skating, go karts, miniature golf and others. (Reforma, March 22, 2017)
  • Logistics: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the central state of Hidalgo, the company reported. The US$50 million project will include 10 tanks for gasoline, diesel and biodiesel. (Reforma, March 22, 2017)
  • Retail: Mexican upscale department store operator Liverpool announced it will open 11 new stores in the country during the current year. A planned US$300 million in investment will support new retail locations principally under the company’s Fábricas de Francia brand, in addition to maintenance operations for existing stores. (El Financiero, March 16, 2017) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican corporate group FEMSA will invest approximately US$1.3 billion in Mexico this year across its retailing, beverage bottling and gas station operations, the company reported. Key projects include 50 new gas station-convenience store combination locations under the company’s Oxxo brand. (Dinero en Imagen, February 28, 2017)
  • Logistics: DHL Express, courier subsidiary of German logistics multinational DHL, reported plans to invest approximately US$200 million to expand operations in Mexico. Projects include upgrades to the company’s air freight terminals in the Monterrey, Guadalajara and Querétaro airports and the opening of new service centers, among others. (El Financiero, February 23, 2017)
  • Dairy: Mexican dairy giant Grupo Lala plans investment of approximately US$175 million to expand operations, the company reported. Lala specified only that resources will support “innovation and productivity.” (Dinero en Imagen, February 21, 2017)
  • Mining: Canadian mining company Goldcorp reported plans to invest US$300 million in its Peñasquito mine in the northern state of Zacatecas. The company is seeking to increase its gold-producing holdings by 20%. (El Financiero, February 20, 2017)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$170 million in Mexico operations during the present year. Resources will support the group’s activities in areas such as pork production, automotive transmission manufacturing, rubber and auto parts. (El Financiero, February 17, 2017)
  • Electronics: German electronics manufacturing conglomerate Siemens will invest approximately US$200 million in Mexico over the next 10 years, the company reported. Areas of investment will include technology innovation, industrial digitalization and modernization of energy management. (Forbes, February 15, 2017) Read the rest of this entry »

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