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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Renewable energy: Mexico’s Federal Electricity Commission (CFE) announced a joint investment with the Inter-American Development Bank (IDB) to install renewable energy technologies in Mexico City’s Central de Abasto food distribution center. Projects include the installation of PV solar panels, a biogas-driven electricity generation plant to recycle organic waste and a biodiesel processing facility to convert used cooking oil into automotive diesel. (La Jornada, May 27, 2019)
  • Wind power: Italian renewable energy developer Enel Green Power inaugurated a wind energy park in the northeastern state of Tamaulipas, the company reported. The US$150 million, 103 Mw site is planned to supply clean power to the national Federal Electricity Commission (CFE) for 15 years. (El Financiero, May 21, 2019)
  • Industrial parks: Mexican industrial real estate developer Vesta inaugurated a new industrial park for the automotive industry in the northeastern state of San Luís Potosí. The company plans to add an additional 11 industrial buildings to the site over the next five years at an estimated cost of US$90 million. (Reforma, May 16, 2019)
  • Airlines: Mexican passenger air carrier Aeromexico announced an investment program of US$3 billion over the next six years. The airline plans to acquire 90 new aircraft as well as equipment  and motors, among other upgrades. (Reforma, May 15, 2019)
  • Food processing: U.S.-based food and beverage multinational Pepsico announced US$4 billion in investment plans for Mexico operations through 2020. Projects include a new savory snacks plant in the central state of Guanajuato as well as upgrades in areas such as infrastructure, sustainability programs and community development. (Reforma, May 7, 2019) Continue reading Recent and upcoming investment in Mexico

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:

  • Construction: Mexican developer Vinte plans investment of approximately US$158 million in housing construction this year, the company reported. The company plans to build 600- and 700-unit middle class complexes in the cities of Pachuca and Monterrey, respectively. (El Financiero, January 25, 2018)
  • Gas stations: French oil and gas multinational Total reported plans to open up to 100 filling stations in Mexico this year under its own brand. The amount of investment was not specified for the expansion, which will be concentrated generally in the central region of the country. (El Financiero, January 18, 2018)
  • Chemicals: Dutch chemicals multinational AzkoNobel is projecting approximately US$14.6 million in investment to support Mexico operations during the current year. Projects include expanding production capacity and upgrading the company’s organic peroxides plant in the central State of Mexico. (El Financiero, January 18, 2018)
  • Manufacturing: U.S. consumer goods giant Kimberly-Clark plans investment of approximately US$100 million in Mexico operations in 2018, the company reported. Resources will primarily support expansion of production capacity, improvements to products and cost reduction strategies. (El Financiero, January 22, 2018)
  • Wind power: Italian renewable energy developer Enel Green Power initiated construction on a new wind power plant in the northeastern state of Tamaulipas. The US$120 million site is projected to have generation capacity of 93 MW. (Milenio, January 19, 2018) Continue reading Recent and upcoming investment in Mexico