Tag Archives: automotive

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Automotive: German auto parts maker ZF Group announced it will undertake a US$86 million expansion to its manufacturing plant in the central state of Querétaro. The increase in production capacity will allow the company to boost output of steering systems at the site. (Somos Industria, March 31, 2021)
  • Logistics: Mexican logistics operator Henco Global inaugurated a new 540,000 sq. ft. warehousing and distribution facility in the central State of Mexico, the company reported. Total investment was not specified for the site, which was reportedly designed to support Mexico’s fast-growing demand for e-commerce shipping. (T21, March 25, 2021)
  • Railroad: U.S.-owned rail freight operator Kansas City Southern de México (KCSM) is projecting investment of approximately US$118 million this year in upgrades for Mexico operations. Areas targeted for improvement or expansion include infrastructure such as a new clearing yard, cranes, signaling equipment and sidetrack, as well as rolling stock and operational systems technology. (T21, March 26, 2021)
  • Metal forming: U.S. sheet metal manufacturer Tenere announced plans to move its Mexico operations into a larger 180,000 square foot plant in the northeastern state of Nuevo León. Total investment was not specified for the expansion, which is projected to allow the company to double its output of sheet metal enclosures, racks, chassis and cabinets for clients in the cloud infrastructure, network architecture, fiber optics and renewable energy industries. (Mexico Industry, February 2021)
  • Electric vehicles: Swedish car and truck maker Volvo announced plans to invest in 300 charging stations for electric vehicles in Mexico, in support of the company’s plan to transition to all electric or hybrid vehicles by 2030. The amount of investment was not specified for the project, which will be carried out in partnership with Italian-owned electricity technology company Enel X. (Cluster Industrial, March 24, 2021) Continue reading Recent and upcoming investment in Mexico

COVID, investment both up in January

COVID-19

The COVID-19 pandemic continued to lash Mexico in January with no respite in sight.  The number of new cases and deaths reached historic highs during the month, and the country’s level of excess mortality ranked second highest in the world.  Mexico City and 13 other states remain at red on the epidemiological traffic light, signifying the highest level of restriction on economic activity and movement.  Hospital bed occupation in the capital is close to 90%, and only one of Mexico’s 32 states, Campeche, is at the green or lowest level of restrictions.  At this time, both President Andrés Manuel López Obrador and Carlos Slim, Mexico’s wealthiest man, are ill with COVID-19. Continue reading COVID, investment both up in January

Mexican economy showing flickers of life

Mexico has surpassed 104,000 deaths due to COVID-19, the fourth highest total among world nations, and total accumulated cases exceed one million.  The rate of infection remains uneven throughout the country, however five major states including Mexico City are registering an upward trend in the number of cases and are perilously close to returning to the red or highest level on the national epidemiological traffic light system.  A return to red would signify closure of all but essential businesses and other strict restrictions on movement and economic activity.  At the same time, 16 of Mexico’s 32 states are currently at the yellow level, implying relatively minor restrictions, and one state, Campeche, has returned to green or restriction-free status. Continue reading Mexican economy showing flickers of life