Tag Archives: financial services

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Cement: Swiss building materials multinational Holcim is projecting Mexico investment this year of up to US$50 million to extend its distribution network around the country, the company reported. Plans also include increasing production capacity at its cement and concrete plants, reducing emissions and improving operating efficiency. (El Economista, January 27, 2019)
  • Pharmaceutical: U.S. drug maker Pfizer plans to invest approximately US$26 million in Mexico operations this year to speed the launch of new products, the company reported. Resources will support upgrades to Pfizer’s Toluca manufacturing plant, expansion of clinical research and implementation of social and educational programs in the country. (El Financiero, January 28, 2019)
  • Pet supplies: U.S. pet products specialty retailer Petco reported plans to invest US$20 million this year to support Mexico operations. Projects include opening 20 new sales locations, remodeling existing stores and upgrading the chain’s e-commerce platform. (El Financiero, January 28, 2019)
  • Fuel transport: Mexican energy company Avant Energy is projecting investment of approximately US$90 million this year to boost supply of gasoline to central Mexico. Plans include installing infrastructure for the transport of fuel by rail to the state of Querétaro for transfer to tanker trucks, as well as upgrading capability for the transfer of gasoline from ships to rail tankers at Gulf port facilities. (El Financiero, January 21, 2019) Continue reading Recent and upcoming investment in Mexico

Mexico passes new fintech law as sector surges

On March 9, 2018 the Mexican government published a new financial technology law, called the Law to Regulate Financial Technology Institutions (Ley para Regular las Instituciones de Tecnología Financiera, or Ley Fintech).  The text of the law states up front that’s its goal is to “regulate the financial services provided by financial technology institutions, as well as their organization, operation and functioning and the financial services subject to any special regulation that are offered or carried out by innovative means.”  Conventional banks in Mexico have long been regulated of course but the recent surge in new technologies and tech startups in the financial sector has been making both regulators and old-school bankers jumpy.  This, then, is a first stab at setting up a basic regulatory environment for the new wave of mostly internet-based access and transaction platforms and products.  Continue reading Mexico passes new fintech law as sector surges

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Amusement parks: U.S.-based amusement park operator Six Flags Entertainment Corp. inaugurated its remodeled water park in the central state of Morelos at a cost of US$18 million, the company reported. Six Flags plans to add hotel facilities and restaurants at the site in the future. (El Financiero, May 31, 2017)
  • Real estate development: Mexican developer Gicsa reported it will invest approximately US$34 million to convert an existing Mexico City shopping center into a mixed-use complex. The repurposed site is planned to include offices, retail space and a hotel. (El Financiero, May 30, 2017)
  • Casual dining: Mexican restaurant chain Toks, part of the Gigante corporate group, is projecting investment of up to US$48 million across its formats. Projects include a new distribution center, remodeling of the Beer Factory and California format casual dining restaurants and a beer bottling operation. (Reforma, May 30, 2017)
  • Cement: Mexican cement producer Elementia is currently carrying out a US$250 million expansion of its production plant in the central state of Hidalgo, the company reported. The upgrade will increase Elementia’s annual cement production capacity in Mexico to 3.5 million tons. (El Financiero, May 29, 2017)
  • Beverage: British drinks multinational Diageo initiated construction of a bottling line for tequila and vodka at its processing plant in the western state of Jalisco, the company reported. The bottling expansion is part of US$400 million in investment planned through 2020. (El Financiero, May 24, 2017) Continue reading Recent and upcoming investment in Mexico