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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Mining: Canadian mining company Minera Alamos reported it will invest approximately US$27 million in operations in the northern state of Durango. Alamos plans to begin extracting gold and silver at the site in 2019. (El Financiero, December 27, 2018)
  • Coffee: Swiss processed foods giant Nestlé will invest US$154 million to establish a state-of-the-art coffee processing facility in the eastern Gulf state of Veracruz, the Mexican government announced. The plant is projected to process 20,000 tons of green coffee beans per year initially. (Reforma, December 19, 2018)
  • Ethanol: Mexican ethanol producer Bioenergéticos Mexicanos (Biomex) is constructing an ethanol plant in the northeastern state of Tamaulipas, the company reported. The US$90 million facility is intended to supply national oil and gas company Petróleos Mexicanos (Pemex) via an initial annual output of 55 million liters (14.5 million gallons). (Reforma, December 18, 2018)
  • Commercial real estate: An international consortium consisting of Mota-Engil (Portugal), Thor Urbana (Mexico), GFA (Mexico) and Marriott International (USA) announced it will construct a large scale tourism and residential development in the northwestern coastal state of Nayarit. The estimated US$1.8 billion project is planned to include five luxury hotels, a golf course and 2,500 residential units. (Reforma, December 14, 2018)
  • Vehicle fleets: Mexican corporate group Grupo ARHE is projecting approximately US$33 million in investment during the coming year to renovate and upgrade its vehicle fleet. The company operates the Alamo rent-a-car franchise in Mexico. (El Financiero, December 14, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Ports: The Mexican subsidiary of U.S. port operator SSA Marine is investing approximately US$48 million to construct an automobile roll-on roll-off terminal at the Pacific port of Lázaro Cárdenas in the state of Michoacán. The first phase of the site will have projected capacity to handle 700,000 vehicles per year. (El Financiero, March 28, 2018)
  • Chemicals: Mexican chemicals producer Cydsa reported plans to invest US$300 million this year in new business development. Key projects will include processing, storage and transportation of fuels, and a new plant to produce chlorine and caustic soda. (Reforma, March 23, 2018)
  • Tanks: Mexican industrial tank manufacturer Trailers y Tanques de Aluminio (Tytal) plans investment of US$30 million in two plants in the northern state of Nuevo León, the company reported. Upgrades are slated to increase output capacity for tank retrofitting for tanker trucks. (Reforma, March 21, 2018)
  • Industrial: Mexican corporate group Grupo Industrial Saltillo reported plans to invest approximately US$67 million this year across various industrial divisions in Mexico. Earmarked for upgrades are automotive foundry and machining operations and technology and environmental compliance in construction activities. (Reforma, March 21, 2018)
  • Gas stations: Spanish energy giant Repsol reported plans to invest approximately US$428 million to open gas stations in Mexico over the next five years. The company is targeting a nationwide market share of 8 – 10% via the effort. (La Razón, March 13, 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