Mexico Business Blog

Posts Tagged Food processing

Recent and upcoming investment in Mexico

Apr 3

Posted by Tom in Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Beverage: Mexican beverage producer Organización Cultiba, exclusive bottler for PepsiCo in Mexico, plans investment of approximately US$157 million in Mexico operations this year.  Resources will be channelled into bottling and distribution operations as well as sugar cane production, the company reported.  (Mexican Business Web, March 6, 2013)
  • Telecommunications: Swedish telecommunications giant Ericsson opened a new Global Service Center in the central state of Queretaro.  The US$13 million center is one of four such sites worldwide, and will provide planning, design, implementation and support services to customers in the Americas and Europe , according to the company’s announcement. (TMC News, Ericsson, February 27, 2013)
  • Automotive: German auto parts manufacturer Hella will open a new production plant in the central state of Guanajuato this year, the company announced.  The US$100 million project is planned to produce headlamps and rear combination lamps for automotive OEMs in the region. (ProMexico, March 5, 2013)
  • Financial services: Spanish-owned bank Bancomer will invest approximately US$3.5 billion over the next four years to expand and upgrade operations in Mexico, the company announced.  Plans include renovating all retail branches in in the country,  upgrading technology platforms for data processing and completing construction of two new operations centers and a corporate office complex in the Mexico City area. (CNN Expansión, March 21, 2013)
  • Solar energy: Spanish solar energy developer Isofoton has signed an agreement with the government of the southeastern state of Yucatan to design and build a photovoltaic energy generation site in the state.  The US$360 million facility, planned to begin construction in 2014, is projected to produce 150MW once completed. (NAFTA Works, March 2013) Read the rest of this entry »

Tags: , , , , , , , ,

Recent and upcoming investment in Mexico

Jan 31

Posted by Tom in Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Wind power: Japanese investment group Mitsui & Co. announced plans to take a 50% ownership stake in the Mexican wind power generation facility Bii Stinu, currently under construction by a subsidiary of French energy developer EDF Energies Nouvelles.  Mitsui specified the total cost of the project at approximately US$400 million.  (Mitsui & Co., January 9, 2013)
  • Construction: Mexican industrial real estate developer Vesta plans to invest approximately US$90 million to construct industrial buildings for Nissan at the Japanese auto maker’s new production site in the western state of Aguascalientes, the company reported.  (Mexican Business Web, January 14, 2013)
  • Retail: Mexican grocery and general merchandise retailer Grupo Chedraui plans investment of approximately US$185 million in Mexico operations this year, the company revealed.  Projects include the opening of 20 new stores in the country. (Mexican Business Web, January 14, 2013)
  • Health care: Mexican private hospital operator Grupo Star Médica opened a new hospital in the central state of Queretaro, built at a cost of approximately US$47 million.  The facility includes state-of-the-art technology in areas such as medical imaging and obstetrics and gynecology, among others.  Star Médica currently has three other new hospitals under construction. (El Financiero, January 14, 2013)
  • Automotive: German auto maker Volkswagen inaugurated a new production plant in the central Mexican state of Guanajuato following investment of US$500 million.  The plant becomes the company’s 100th factory worldwide and is projected to produce 330,000 motors annually. (El Economista, January 16, 2013) Read the rest of this entry »

Tags: , , , , , , , , , , ,

Recent and upcoming investment in Mexico

Sep 5

Posted by Tom in Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Wind energy: Mexican hydroelectric developer Comexhidro and U.S. investment firm Conduit Capital Partners will team up to develop a 22 Mw wind generation facility in the northeastern Mexican state of Nuevo León.  The plant is planned to use eight General Electric turbines and provide electricity for public lighting in the municipality of Santa Catarina. (El Financiero, July 27, 2012)
  • Automotive: Korean auto maker Hyundai Motors began construction on a new manufacturing plant in the northern city of Tijuana, on the Mexican border with California.  The US$131 million facility is planned to produce die cast aluminum parts such as engine blocks, heads and transmission cases. (El Economista, August 28, 2012)
  • Research & Development: U.S. corporate group 3M inaugurated a new Innovation Center in Mexico City’s Santa Fe business district.  The center, part of planned 3M investments totaling US$184 million over the next five years, will carry out research and product development in areas such as nanotechnology, specialized materials, biotechnology and electromechanics, the company reported.  (Reforma, August 28, 2012)
  • Chemicals: U.S. mixer of custom rubber compounds Preferred Compounding has entered the Mexican market via the acquisition of a 66,000 square foot production facility in the central state of San Luís Potosi, the company announced.  The fully functioning facility will provide custom compounds to customers in industries such as automotive, construction, power generation and roll goods. (Preferred Compounding, July 2012)
  • Automotive: U.S. auto maker General Motors announced it will invest US$120 million in its manufacturing plant in the central state of San Luís Potosí to produce its new Chevrolet Trax SUV crossover model, to be unveiled later this year at the Paris Motor Show.  Another US$200 million will be channeled into the GM plant in Guanajuato state to develop and produce a new generation of pickups in 2013, the company revealed. (Reuters, July 19, 2012) Read the rest of this entry »

Tags: , , , , , , , , ,

Recent and upcoming investment in Mexico

Jul 3

Posted by Tom in Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Automotive: Japanese auto parts maker Yachiyo began construction of a new manufacturing plant in the central state of Guanajuato.  The US$20 million facility is planned to produce to manufacture fuel tanks, sunroofs, sheet-metal parts and plastic parts for a new Honda auto plant also under construction in the state. (El Economista, May 30, 2012)
  • Manufacturing: U.S. Corporate group 3M will open a new research and development center in the northeastern Mexican state of San Luís Potosí, the state government announced.  The new facility, which will conduct research in support of product development in areas such as bioscience, energy, lighting, chemicals, automotive and aerospace, is part of US$60 million in planned investments in Mexico by the company. (El Financiero, May 28, 2012)
  • Transport: U.S. rail carrier Kansas City Southern plans investments worth US$125 million this year in its Mexico rail network.  Resources will be put into maintenance and infrastructure in areas such as track, locomotives, railcars and other equipment, the company reported. (El Financiero, May 28, 2012)
  • Food processing: Mexican multinational flour miller Gruma will invest US$57 million in its Mexico operations this year, the company reported.  The resources for the company’s corn and wheat flour production plants will support upgrades in production capacity and advanced processing technologies.  (Reforma, June 14, 2012)
  • Hospitality: U.S. hotel operator Hyatt will be ramping up its presence in Mexico through the recent acquisition of Mexico City’s emblematic Nikko hotel as well as construction of six new hotels in the country, the company reported.  In addition to the US$190 million cost of the Nikko, to be renamed Hyatt Regency Mexico City, the company will spend another US$40 million on upgrades to meeting facilities, audio visual technology and Wi-Fi connections. (El Financiero, May 28, 2012) Read the rest of this entry »

Tags: , , , , , , , , , ,

Recent and upcoming investment in Mexico

May 2

Posted by Tom in Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Automotive: German luxury automaker Audi, owned by Volkswagen, will build its first manufacturing plant in Mexico by 2016, the company announced.  The assembly facility, planned to produce sport utility vehicles, will cost an estimated US$2 billion. (Bloomberg, April 19, 2012)
  • Automotive: U.S. auto maker Ford will invest US$1.3 billion to expand capacity at the company’s production facility in the northern Mexico city of Hermosillo.  The resources are planned to boost production at the stamping and assembly plant for new Ford Fusion and Lincoln MKZ models for 2013. (Torque News, April 2, 2012)
  • Energy: U.S.-based solar technology company SolFocus will lead the development of a major new solar energy generation site in the northern Mexican state of Baja California.  The project, to be built in conjunction with Mexican real estate developer Grupo Musa and U.S. contractor Synergy Technologies, is projected to cost over US$1.5 billion and generate 450 Mw. (San Francisco Chronicle, March 29, 2012)
  • Biofuels: The Veracruz Bioenergies Institute (Inverbio) will invest US$2.3 million this year to produce sweet sorghum, sugar cane, jatropha, yucca and palm oil for use in the development of biofuels.  Inverbio is contributing to efforts in Mexico to lower the cost of biofuels for aviation use. (Mexican Business Web, April 9, 2012)
  • Aviation: Mexican airline startup AeroJal announced it will launch regional passenger service in the west and northwest of Mexico this year.  The company will invest US$30 million to begin direct flights from Guadalajara to regional centers in the states of Sonora, Chihuahua, Coahuila and Nuevo León. (El Economista, April 16, 2012)
  • Food processing: Mexican baked goods multinational Grupo Bimbo announced it will undertake record investment of US$780 million this year.  The company, which has carried out a series of overseas acquisitions in recent years, plans to expand its production capacity and improve logistics infrastructure in its new markets. (Milenio, April 17, 2012) Read the rest of this entry »

Tags: , , , , , , , ,

Recent and upcoming investment in Mexico

Apr 4

Posted by Tom in Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Retail: Mexico’s leading retailer Walmart de Mexico announced it will invest approximately US$1.5 billion in its Mexico and Central American operations this year.  The record investment will be channeled into the opening of over 400 new stores, in addition to technology acquisition and efficiency programs. (El Financiero, February 22, 2012)
  • Water treatment: Mexican construction company Grupo Carso announced it will invest approximately US$1 billion in the construction of a major water treatment plant at Atotonilco in the central state of Hidalgo.  The plant is planned to recycle 60% of waste water in the Valley of Mexico, in which Mexico City is located. (El Financiero, March 7, 2012)
  • Automotive: Japanese autoparts maker Yorozu plans to invest approximately US$70 million to build a new manufacturing plant in the central state of Guanajuato.  The new facility, the company’s second in Mexico, will produce shock absorbers to meet demand from the country’s surging vehicle production. (Businessweek, February 13, 2012)
  • Food processing: Italian confectioner Ferrero will invest US$190 million to build a new production plant in the central state of Guanajuato.  The plant will produce chocolates under the Ferrero Rocher brand in addition to other sweets. (El Economista, February 22, 2012)
  • Retail: U.S.-based supermarket and general merchandise retailer H-E-B plans to add five new stores in Mexico in 2012, raising the number its sales locations in the country to 44.  H-E-B Mexico sales surpassed US$1 billion in 2011.  (NAFTA Works, March, 2012)
  • Energy: The North American Development Bank (NADB) agreed to provide financing for the construction of a wind farm to produce electricity in the northern state of Tamaulipas.  The generation plant, to be developed by Compañía Eólica de Tamaulipas, S.A. de C.V. (CETSA), will provide energy for purchase by leading grocery and general merchandise retailer Soriana. (NADB, February 13, 2012) Read the rest of this entry »

Tags: , , , , , , , , , , ,

Recent and upcoming investment

Mar 8

Posted by Tom in Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Food processing: Mexican meat processor SuKarne initiated construction of a new beef processing plant at a total cost of US$110 million.  Plans for the facility include the addition of a 70,000-head feedlot in the future. (Meat & poultry, February 24, 2012)
  • Manufacturing: American medical device manufacturer Welch Allyn inaugurated a major expansion of its Tijuana production plant.  The infrastructure upgrade, which required investment of US$7.4 million, will allow the facility to boost production of medical thermometers. (Siglo 21 Periódico Industrial, January 30,  2012)
  • Pharmaceutical: Mexican pharmaceutical and cosmetics manufacturer Genomma Lab announced it will invest US$23 – 30 million in research and development of new products this year.  The fast growing company was founded in 1996 and now exports to over 30 countries. (El Financiero, January 27, 2012)
  • Hospitality: Mexican hotel operator Hoteles City plans to open 14 new locations in Mexico and one in Costa Rica this year.  The chain intends to seek LEED certification for 10 of its units already in operation. (El Financiero, January 30, 2012)
  • Automotive: Ford Motor Co.’s Mexican subsidiary will invest approximately US$1.5 billion in expansion and upgrades at its manufacturing plant in the northern city of Hermosillo in 2012.  Plans include a new diesel motor production facility and an engineering center. (El Financiero, January 30, 2012) Read the rest of this entry »

Tags: , , , , , , , , , ,

Recent and upcoming investment

Feb 2

Posted by Tom in Economy, Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Aerospace: American aircraft maker Hawker Beechcraft is joining forces with Mexican executive jet operator Aerolineas Executivas to build a new maintenance facility to serve private aircraft in the northeastern city of Monterrey.  The US$2.2 million project is planned to provide repair and painting services in the country’s second largest private aviation hub. (El Financiero, January 2, 2012)
  • Automotive: Japan-based Nissan Motor Co. is preparing plans to build a new automobile factory in Mexico.  The new facility will add production capacity to the company’s two existing plants in Mexico which currently have capacity to produce over 700,000 vehicles a year. (Wall Street Journal, January 6, 2012)
  • Automotive: Japanese automaker Nissan announced it will construct a new vehicle assembly plant in the central state of Aguascalientes at an estimated cost of US$2 billion.  The large-scale plan includes a supplier park nearby the new manufacturing facility, which will become Nissan’s third in Mexico. (Autoweek, January 25, 2012)
  • Aviation: European aerospace manufacturer Airbus announced an order from Mexican airline Volaris for the purchase of 44 new A320Neo and A320 aircraft. The total value of the deal, planned for delivery 2015 – 2020, was estimated at approximately US$4 billion. (AFP, January 12, 2012)
  • Aviation: U.S.-based aerospace manufacturer Hawker Beechcraft announced the sale of six new T-6C+ training aircraft to the Mexican Air Force, with the possibility of additional future orders.  The value of the deal was not specified. (Defense Media Network, January 11, 2012)
  • Electricity: German electronics and electrical engineering giant Siemans inaugurated a Low Voltage Research and Development Center near the northeastern city of Monterrey. The company invested approximately US$22 million in the new facility, which will help to develop high efficiency electrical systems for Siemens products. (Reforma, January 13, 2012)
  • Retail: Mexican grocery and general merchandise retailer Soriana announced plans to open 50 new sales locations in the country this year.  The company currently operates 558 stores across its five formats. (Reforma, January 16, 2012)
  • Logistics: The Mexican affiliate of Philippines-based International Container Terminal Services Inc. (ICTSI) has begun construction on a new container handling terminal at the Pacific port of Manzanillo.  The new facility will require investment of US$250 million.  (Maquila Portal, January 17, 2012) Read the rest of this entry »

Tags: , , , , , , , , ,

Recent and upcoming investment

Nov 1

Posted by Tom in Economy, Investment, Manufacturing | 3 Comments

Email

Information collected from media reports over the past month:

  • Automotive: German auto parts manufacturer Robert Bosch projected investment in its Mexico operations at US$78 million for 2011.  The resources are earmarked to support introduction of new technologies and preparation for the manufacture of new brake pad and battery products at the company’s 13 Mexico production locations. (El Informador, September 29, 2011)
  • Aerospace: Canadian aircraft maker Bombardier announced it will invest US$50 million to outfit its Queretaro plant to produce the aft fuselage for its new generation of long range business jets.  Mexico is now producing major composite structures for the company’s Learjet 85, such as fuselage lay-up and subsystem installation, wiring harness fabrication and installation, wing assembly and horizontal and vertical stabilizer assemblies. (The Montreal Gazette, October 25, 2011)
  • Recycling: Germany-based industrial services firm Ferrostaal AG announced plans to build a tire recycling plant in Mexico.  The facility will convert used vehicle tires into rubber granules for potential use in the manufacture of sports and recreation surfaces, soundproofing insulation or water hoses, among other uses.  The amount of investment in the new plant was not specified. (Ferrostaal, September 26, 2011)
  • Mining: Minera Autlán, subsidiary of Mexican mining group Grupo Ferrominero (GFM), is projecting investment in its Mexico mining operations of up to US$300 million over the next five years.  GFM’s energy subsidiary GFM Energía also plans to build three hydroelectric plants and one wind power generating plant in the coming years. (Reforma, October 6, 2011)
  • Steel: U.S.-based Steel Technologies announced plans to build a new steel processing facility in the northeastern state of Nuevo León.  The US$78 million plant is planned to provide steel cutting and surface treatment services for the region’s thriving automotive industry. (NAFTA Works, October 2011) Read the rest of this entry »

Tags: , , , , , , , , ,

Recent and upcoming investment in Mexico

Oct 6

Posted by Tom in Economy, Energy, Investment, Manufacturing | No Comments

Email

Information collected from media reports over the past month:

  • Retail: USA-based apparel marketer Warnaco revealed plans to open approximately 30 new stores in Mexico over the next two years.  Mexico sales were up by 39% through the first half of 2011 for the marketer of brands such as Calvin Klein and Speedo. (Reforma, August 25, 2011)
  • Logistics: Mexican cargo terminal operator Ferrovalle Intermodal announced a US$10 million expansion to its rail cargo handling facilities in Mexico City to be carried out this year.  The addition of 25 developed acres to the terminal will increase annual handling capacity to over 550,000 containers and speed last-mile deliveries. (Reforma, August 1, 2011)
  • Entertainment: Mexico City’s largest film studio, Estudios Churubusco, will expand with the construction of a new post-production building.  The investment of approximately US$20 million will include over 30,000 square feet of digital laboratory space, production warehousing and offices. (Reforma, September 6, 2011)
  • Infrastructure: Spanish infrastructure developer OHL Group, through its environmental subsidiary Inima, will build and operate a large-scale desalination plant in the northern Mexican state of Baja California.  The US$41 million facility is planned to produce 275 million cubic feet of potable water annually. (Reforma, September 7, 2011)
  • Energy: Spanish renewable energy developer Siliken will invest US$20 million initially to build and launch a 100 MW solar power plant in the northern state of Durango.  The project is planned to include a research and development center in addition to generating electricity. (Milenio, September 8, 2011)
  • Autoparts: Japanese industrial automation manufacturer Omron Corporation will invest US$30 million to build a new production plant in the central Mexican state of Guanajuato.   The facility will join recently announced new factories to be built by Honda and Mazda in Guanajuato’s growing automotive industry. (El Sol de Irapuato, August 27, 2011)
  • Biotechnology: Mexican agricultural biotechnology laboratory Biosustenta inaugurated a new plant to produce biofertilizers in the western state of Michoacán.  The US$1.3 million facility will use mycorrhizal fungi and other bacterias to produce the fertilizers.  Biosustenta currently exports product to the United States, Canada and Europe. (El Financiero, August 30, 2011) Read the rest of this entry »

Tags: , , , , , , , , , ,