Posts Tagged hotels

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Chemicals: U.S. chemical firm The Chemours Company initiated construction on a new production plant in the northern state of Durango, the company reported. The US$150 million facility is planned to produce solid sodium cyanide for the Mexican mining industry. (The Chemours Company, June 26, 2017)
  • Commercial real estate: Mexican real estate developers Fibra Shop and Grupo Frel will team up to expand existing retail complexes in the coastal tourist locations of Cancun and Los Cabos at a cost of approximately US$111 million, the companies reported. The expansions will incorporate the companies’ “Espacio Latino” marketing concept, which highlights Mexican culture, folklore, gastronomy and design into the shopping mall environment. (El Financiero, June 30, 2017)
  • Gas stations: Mexican gas station operator Grupo Lodemo reported plans to invest approximately US$5.6 million to convert 16 of its stations from the government-owned Pemex brand to the company’s own La Gas brand. Lodemo seeks to close the year with 50 locations in operation under the La Gas brand in the southeastern state of Yucatan. (El Financiero, June 29, 2017)
  • Electronics: French automation technology multinational Schneider Electric reported plans to invest US$10 million in manufacturing operations in the northwest state of Baja California. Resources will support production of thermal magnetic circuit breakers. (El Economista, June 21, 2017)
  • Aerospace: U.S. aerospace composites and textiles manufacturer Albany International plans approximately US$14 million of investment in the central state of Querétaro, the state government reported from the Paris Air Show. The resources are expected to support composite manufacturing operations in the state. (AM de Querétaro, June 20, 2017) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Food processing: Mexican beverage bottler Arca Continental reported plans to invest approximately US$210 million in Mexico operations during the current year. Areas earmarked for upgrades include new chilling equipment, production lines, transport equipment and information technologies. (El Financiero, April 28, 2017)
  • Solar power: The government of the western state of Jalisco initiated construction of a solar energy generation facility in conjunction with Mexican electrical engineering company Fortius Electromecánica, the state government reported. The projected    8 Mw capacity site will require an estimated US$22 million including a planned future expansion. (Manufactura, April 26, 2017)
  • Paper: Chilean-owned personal care tissue maker Absormex reported plans to invest US$25 million to expand Mexico manufacturing operations this year. Absormex products include bathroom tissue, diapers and sanitary napkins.  (Reforma, April 25, 2017)
  • Gas stations: Mexican fuel retailer Natgas is projecting it will open 32 new vehicular natural gas fueling stations by 2021. The cost of the expansion was not specified for the plans, which are intended to provide service to high volume users such as taxis, municipal transport systems and vehicle fleets in the country’s central Bajío region. (El Financiero, April 20. 2017)
  • Fuel transport: Mexican construction company Grupo Mexicano de Desarrollo (GMD) plans investment of US$50 million to expand its fuel transport and storage operations, the company reported. Projects are expected to include the construction of pipelines and storage tanks to support liquid fuel handling at port locations. (April 20, 2017) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Motorcycles: Italian vehicle maker Piaggio plans to introduce its Vespa brand of scooters in the Mexican market. The company will invest US$3 million to open seven Vespa agencies in the coming months in conjunction with Mexican distributor Grupo Zapata, the latter company reported. (El Financiero, November 30, 2016)
  • Retail: Mexican developers Thor Urbana and Grupo Orlegi announced plans to build a major shopping center complex in the northern state of Coahuila. The US$90 million site will be constructed as an adjunct to the soccer stadium home to the popular Santos Laguna club of the Mexican soccer league. (El Financiero, November 30, 2016)
  • Hotels: Mexican hotel operator Grupo Posadas inaugurated three new hotels in the northeastern city of Monterrey at a cost of approximately US$60 million, the company reported. The new properties are designed with aspects specifically targeting the millennial market, according to Posadas. (El Financiero, November 25, 2016)
  • Wind power: Unnamed investors will finance the construction of a 40MW wind energy generation plant in the central state of Querétaro, the state government announced. The US$40 million project is planned to include 40 generation turbines. (El Financiero, November 25, 2016)
  • Construction materials: Mexican flooring manufacturer Interceramic initiated construction on a new production plant in the central state of Guanajuato. The US$80 million factory will become the company’s 10th in Mexico. (Obras Web, November 25, 2016)
  • Biofuel: Mexican engineering firm Soluciones en Ingeniería Naval Marina y Terrestre has obtained a permit to construct a biofuel refinery in the eastern state of Veracruz, the Ministry of Environment and Natural Resources (Semarnat) reported. The cost was not specified for the new facility, which is planned to produce 120 million liters annually of ETI01 ethanol. (El Financiero, November 25, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Brewing: Mexican brewer Cuauhtémoc Moctezuma, subsidiary of Dutch beer giant Heineken International, inaugurated a new can production line and distribution center at its plant in the western state of Jalisco. The US$38 million expansion will allow the operation to produce six different sizes of cans and 43 different packaging presentations, the company reported. (El Financiero, August 31, 2016)
  • Energy: Mexico geothermal energy developer Grupo Enal plans investment of approximately US$300 million to develop geothermal energy generation sites in the states of Baja California and Guanajuato, the company reported. Enal plans exploration activities in support of the developments over the next two years. (Reforma, August 31, 2016)
  • Automotive: U.S.-based diversified manufacturing multinational 3M inaugurated a new research and development center in Mexico City, the company reported. The US$1 million facility is intended to develop custom solutions for the company’s 200 clients in the Mexican automotive supply chain as well as OEMs. (El financiero, August 19, 2016)
  • Education: Spain-based English language school Kids & Us plans aggressive expansion in Mexico, the company reported. The chain currently operates six learning centers in Mexico and plans to boost that number to 250 over the next 10 years. (El Financiero, August 16, 2016)
  • Food processing: Mexican food products manufacturer La Moderna is nearing completion of a new production facility in the northern state of Coahuila, the company reported. The US$4 million plant will become the company’s fifth in Mexico and is projected to produce wheat-based pastas. (El Financiero, August 15, 2016)
  • Airlines: Mexican air carrier Aeromexico reported plans to invest up to US$50 million over the next five years to improve its digital platform. Upgrade targets include the company’s web site, ticket sales, airport kiosks and apps for Apple watch, among others. (El Financiero, August 17, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Industrial parks: Mexican real estate developer Artha Capital plans investment of approximately US$113 million to build a new industrial park in the central state of Hidalgo. Manufacturers of products such as packaging, industrial kitchen equipment and building materials have already committed to space in the new site, the Hidalgo state government reported. (Inmobiliare, March 31, 2016)
  • Services: Mexican virtual office operator Iza Business Centers plans to open at least 10 new locations via investment of approximately US$11 million, the company reported. The new sites would bring the number of Iza office centers in Mexico to 36. (Reforma, March 28, 2016)
  • Railroad: Mexican railroad operator Ferrovalle plans investment of approximately US$17 million to construct a rail freight link to the new international airport currently under construction in Mexico City, the Communications and Transport Ministry (SCT) announced. The link will initially be used to deliver and remove construction materials, with the possibility of remaining in operation to provide freight services once the new airport opens. (El Financiero, March 23, 2016)
  • Industrial parks: Mexican commercial real estate developer Vynmsa inaugurated a new industrial park in the central state of Guanajuato, the state government reported. The US$10 million facility is reportedly equipped with a water treatment plant, LED lighting and other resource-conserving technologies. (Reforma, March 16, 2016)
  • Retail: U.S.-based grocery and general merchandise retailer Wal-Mart plans investment of approximately US$816 million in Mexico operations in the present year, the company reported. Resources are earmarked to support new store openings as well as major remodeling of existing stores and significant expansion and upgrade of the company’s on-line sales infrastructure, particularly for mobile applications. (Reforma, March 11, 2016) Read the rest of this entry »

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