Tag Archives: coatings

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Oil rigs: Mexican petroleum marine services provider Marinsa invested approximately US$26 million in two offshore oil drilling platforms in the Gulf of Mexico, the company reported. Marinsa is providing rehabilitation and installation services to national oil company Petróleos Mexicanos (Pemex) for the development of 20 offshore oil fields.  (Reforma, July 31, 2019)
  • Electronics: French automation technology multinational Schneider Electric inaugurated a new “intelligent” production plant in the northeastern state of Nuevo León, the company reported. The US$37 million facility is planned to produce devices such as motor controls, lighting panels and safety switches. (Somos Industria, July 2019)
  • Mining: Canadian-owned Compañía Minera Cuzcatlán plans investment of approximately US$12.8 million at its San José del Progreso mine in the southern state of Oaxaca, the company reported. Resources will principally support extended exploration at the silver and gold producing site. (Reforma, July 25, 2019)
  • Hotels: U.S. hotel operator Choice Hotels reported plans to open seven new hotels in Mexico this year via investment of approximately US$39 million. The new properties will target the business travel market and include locations in the cities of Monterrey, Querétaro, Pachuca, Villahermosa, Hermosillo and Mexico City. (Reforma, July 24, 2019)
  • Aviation: Mexican private aviation services provider Redwings reported plans to establish an aircraft maintenance center in the central state of Querétaro. The US$15.8 million FBO facility will provide specialized aircraft services including painting to regional operators. (Somos Industria, July 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Petroleum: Netherlands-based oil company Royal Dutch Shell is projecting investment of approximately US$800 million in Mexico oil exploration operations, the company reported. Separately, Spanish oil company Repsol reported plans to invest US$330 million in deep-water exploration off Mexico’s Gulf coast. (Reforma, June 17 and 19, 2019)
  • Banks: Spanish bank BBVA plans investment of approximately US$3.3 billion through 2024 in Mexico banking operations, the company reported. Resources will support replacement of automatic teller machines (ATMs), renovation of branches and efforts to extend services to unbanked or underbanked sectors. (El Sol de México, June 11, 2019)
  • Optical equipment: German precision device manufacturer Carl Zeiss announced a US$41 million expansion of its plant in the northwestern border city of Tijuana. The upgrade will add two production lines in support of the company’s PhotoFusion vision products operations. (Siglo21 Periódico Industrial, June 18, 2019)
  • Coatings: Mexican steel maker Altos Hornos de México (AHMSA) and Korean machinery manufacturer Paco Engineering announced an alliance to establish a coatings plant in the northern state of Coahuila. The US$20 million facility is expected to provide painting of galvanized steel sheeting for construction and appliance manufacturing applications. (Reforma, June 11, 2019)
  • Solar power: Chilean green power developer Atlas Renewable Energy inaugurated its first project in Mexico, the Guajiro solar park in the central state of Hidalgo. The US$100 million site, which is planned to have installed capacity of 129 MW, will supply electricity to Mexico’s Federal Electricity Commission. (Reforma, June 11, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fuel storage: Mexican diversified conglomerate Grupo México reported plans to construct two new fuel storage terminals, to be located in the cities of Guadalajara and Monterrey. The US$1.04 billion project is planned to supply gasoline, diesel and jet fuel to the two key industrial and population centers. (El Financiero, April 30, 2019)
  • Dairy: Mexican beverage bottler Industria Mexicana de Coca Cola inaugurated a new dairy products plant for its Jugos del Valle – Santa Clara subsidiary in the western state of Jalisco. The US$105 million facility bottles milk as well as packaging other fruit-based beverages. (Reforma, April 30, 2019)
  • Coatings: Swiss-owned industrial coatings maker Oerlikon Balzers inaugurated a US$4.2 million manufacturing plant in the central state of Querétaro, the company reported. Oerlikon Balzers produces protective coatings for the automotive, aerospace, food processing and metal mechanic industries. (El Financiero, April 5, 2019)
  • Retail: Mexican retail operator Grupo Sanborns reported plans to invest approximately US$148 million this year in expansion. Projects include opening 20 new iShop consumer electronics stores and expanding and upgrading the company’s Sears and Sanborns department stores and Mixup home entertainment stores. (El Financiero, April 29, 2019)
  • Food processing: Mexican industrial miller and tortilla producer Gruma reported investment of approximately US$30 million during the first quarter of this year in operations in Mexico and the United States. Projects included construction of a new tortilla factory in the southern state of Puebla, installation of three new corn silos at existing plants and general technology upgrades. (Reforma, April 26, 2019) Continue reading Recent and upcoming investment in Mexico