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 »
