Reports on some recent and upcoming investment collected from the local business media:
- Steel: Mexico’s steel manufacturing industry chamber of commerce Canacero projected investments of US$10 billion over the next five years to significantly boost production in the sector. Canacero estimates production will increase 13.5% this year over 2009, when output dropped significantly.
- Airports: The Mexican Ministry of Transport (SCT) announced plans for three new airports to be constructed in 2010, with investment of US$36 million. The local airport developments are planned for La Pesca in the northeast and the tourist sites Creel in the north and Palenque in the south.
- Transport: Inter-city bus operator Grupo IAMSA reported it plans to add 300 new luxury buses to its fleet this year. The US$100 million investment is slated to go primarily to Volvo for the new buses.
- Aerospace: French aerospace manufacturer Grupo Safran inaugurated two new plants in an aerospace park in the central state of Queretaro, site one of Mexico’s leading aerospace clusters. The approximately US$150 million investment set up plants for Safran’s affiliates Messier-Dowty and Snecma to produce jet engine parts and undercarriages.
- Solar power: BP Solar, the solar technology subsidiary of Great Britain-based energy giant BP, announced plans to subcontract the assembly of solar modules with Jabil Circuit in Chihuahua, northern Mexico. Plans call for producing modules with a combined capacity of 45 MW, with the possibility for expansion as demand dictates. Read the rest of this entry »