Tag Archives: information technology

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Logistics: U.S.-based industrial real estate developer Prologis plans investment of US$180 million in Mexico operations this year, the company reported. Projects include construction of new industrial parks as well as acquisition of parks currently under construction. (El Financiero, March 26, 2015)
  • Retail: Mexican upscale department store chain Palacio de Hierro will establish a new store in the Gulf coast city of Veracruz at a cost of approximately US$40 million. The store will be part of a new oceanfront commercial development to include retail space, offices, restaurants and cinemas. (El Financiero, March 23, 2015)
  • Entertainment: Mexican cinema operator Cinemex projects it will add up to 170 screens to Mexico operations in 2015 at a cost of approximately US$100 million. Cinemex also plans to enter the U.S. market in 2016, the company reported. (Finamex Casa de Bolsa Comentario de Apertura, March 23, 2015)
  • Information technology: Mexican telecommunications service provider Alestra will invest approximately US$108 million in Mexico operations this year, the company reported. Plans include a major expansion of the company’s data center in the central state of Querétaro, one of five such centers Alestra operates in the country. (El Financiero, March 20, 2015)
  • Automotive: Canadian auto parts manufacturer Magna International plans investment of approximately US$135 million to install a production plant in the central state of Querétaro. The facility is planned to produce fenders, panels and other exterior vehicle parts for global OEMs. (El Financiero, March 19, 2015)
  • Food processing: DuPont Mexico, subsidiary of U.S. chemical giant DuPont, plans investment of US$10 million in Mexico operations in 2015, the company reported. Projects include expansion of the company’s pectin extraction plant in the western state of Colima. (Reforma, March 19, 2015) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Telecommunications: Mexican wireless services provider Maxcomm Telecomunicaciones projects investment of approximately US$67 million in 2015, the company reported. Projects are expected to include modernization of the company’s wireless technologies across service offerings. (El Financiero, October 28, 2014)
  • Food processing: U.S. cereal and snack maker Kellogg’s plans investment of approximately US$52 million in Mexico over the next three years, the company reported. Resources will focus on the company’s major production plant in the central state of Querétaro, to upgrade areas such as sustainability, productivity, and innovation and target the healthy-lifestyle market niche. (El Financiero, October 28, 2014)
  • Financial services: Canadian bank Scotiabank announced plans to invest approximately US$266 million in Mexico operations over the next five years. Anticipated projects include expanding the number of cash machines and retail branches in the Mexican market. (Finamex Casa de Bolsa Comentario de Apertura, October 29, 2014)
  • Information technology: Chinese information technology equipment and services giant Huawei plans investment of approximately US$1.5 billion in the central state of Querétaro, the Mexican federal government announced. Projects are expected to include a network operations center, research and development and training facilities. (El Economista, October 28, 2014)
  • Automotive: Mexican high-performance boutique auto maker Vuhl will establish its initial manufacturing plant in the central state of Querétaro, the Querétaro state government reported. The US$10 million facility is expected to produce chassis, suspensions and do the final assembly of the company’s Vuhl 05 model. (Querétaro State Government, October 26, 2014) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: South Korean steel processor POSCO inaugurated a major expansion of its manufacturing facility in the the northeastern state of Tamaulipas.  The US$300 million project will boost production of galvanized steel sheeting for the regional automitive industry. (El Sol de Tampico, January 27, 2014)
  • Personal care: Swedish personal care products manufacturer SCA established a new distribution center in the central state of Hidalgo via investment of US$10 million, the company reported.  SCA is a leader in the Mexican market for absorbent pads for personal hygiene. (El Financiero, January 24, 2014)
  • Energy: Oil drilling contractor Perforadora México, a subsidiary of Mexican extractive industries conglomerate Grupo México, will invest US$400 million to install four new drilling platforms in shallow and medium depth waters of the Gulf of Mexico.  The rigs will provide drilling services for state-owned oil and gas monopoly Petroleos Mexicanos (Pemex). (Reforma, January 27, 2014)
  • Food processing: U.S. snacks maker Pepsico announced planned investment of US$5 billion in Mexico over the next five years to boost production and strengthen local sourcing of raw materials, while Swiss processed foods giant Nestlé announced investment of US$1 billion in Mexico to open two new production plants and upgrade technology at existing sites.  The announcements were made in the context of the World Economic Forum in Davos, Switzerland. (El Financiero, January 24, 2014)
  • Information technology: U.S.-based network technology multinational Cisco Systems will invest approximately US$1.35 billion in its Mexico operations in 2014.  Planned projects include a new support center in Mexico City and expanded production of advanced technology products, the company reported. (El Financiero, January 24, 2014)
  • Automotive: German auto parts maker Ronal Group will establish a manufacturing plant in the northeastern state of San Luís Potosí, the state government reported.  The US$125 million site is planned to produce alloy wheels for regional OEMs such as Volkswagen, Audi, Mercedes Benz, BMW and General Motors. (Reforma, January 21, 2014) Continue reading Recent and upcoming investment in Mexico