Mexico Business Blog

Posts Tagged Logistics

Recent and upcoming investment in Mexico

May 2

Posted by Tom in Investment, Manufacturing | No Comments

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Information collected from media reports over the past month:

  • Hotels: U.S. luxury resort developer AM Resorts plans investment of approximately US$500 million in Mexico over the next three years, the company reported.  Locations for new developments under the company’s brands, which include Secrets, Dreams, Now and Sunscape, include Los Cabos and the Riviera Maya beaches of Akumal and Playa Mujeres. (Reforma, April 1, 2013)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) will invest US$40 million to upgrade its international airport in the western city of Guadalajara.  Projects include expansion of capacity to receive international flights and two new departure gates, the company reported. (Reforma, April 1, 2013)
  • Beverage: Mexican beverage bottler Arca Continental, the world’s third largest bottler of Coca Cola, plans investment of approximately US$340 million this year.  Resources will be dedicated to maintenance and upgrades of bottling plants, and may include acquisitions abroad in the beverage and snack sector, the company reported. (Mexican Business Web, April 19, 2013)
  • Aviation: Mexican airlines plan investment of approximately US$20 billion to purchase up to 250 new aircraft, the National Air Transport Chamber (Canaero) reported.  Aeromexico plans purchases from Boeing, Interjet projects buys from Airbus and Sukhoi, and airlines Volaris, VivaAerobus and others also plan acquisitions, Canaero reported. (El Financiero, April 1, 2013)
  • Electrical: French electrical engineering multinational Schneider Electric will invest US$80 million in Mexico this year, the company reported.  Projects include completion of a research center in Monterrey as well as work on plants and clean energy projects for state-owned oil monopoly Petroleos Mexicanos (Pemex). (Reforma, April 8, 2013) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Oct 1

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

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Information collected from media reports over the past month:

  • Manufacturing: Spanish appliance manufacturer Fagor will invest US$3.5 million to expand capacity at its production plant in the central state of San Luís Potosí.  The project is aimed at boosting output of products such as refrigerators, dishwashers, ovens and other kitchen equipment. (Mexican Business Web, August 27, 2012)
  • Logistics: Mexican rail operator Ferrocarril Mexicano (Ferromex) plans investment of approximately US$2.3 billion over the next five years to upgrade infrastructure to meet projected growth in demand for rail service.  Resources will be used to expand and improve track and freight terminals to handle expected demand growth from the automotive and mining sectors. (El Economista, August 26, 2012)
  • Building materials: U.S. ceramic flooring manufacturer Daltile opened a new production facility in the central state of Guanajuato.  The US$65 million site becomes the company’s eighth manufacturing location in the country. (El Economista, September 4, 2012)
  • Security: Brink’s Panamericano de México, Mexican affiliate of U.S. secure transport firm Brink’s, is projecting investment of US$30 million over the next three years for upgrades and expansion.  Plans include upgraded armored trucks and equipment, technology enhancements and training for personnel. (Mexican Business Web, September 7, 2012)
  • Electronics: U.S. contract manufacturer Sigmatron inaugurated a new production facility in the northern state of Tijuana.  The US$2 million plant will produce electronic components for the medical, automotive and electronics industries. (Periódico Industrial Siglo XXI, September 11, 2012) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Sep 5

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

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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 »

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Recent and upcoming investment in Mexico

Apr 4

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

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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 »

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Recent and upcoming investment

Feb 2

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

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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 »

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Recent and upcoming investment

Jan 3

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

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Information collected from media reports over the past month:

  • Telecommunications: Finland-based telecommunications technology provider Nokia Siemens Networks inaugurated a new Service Delivery Center in Mexico City.  The US$2.4 million facility will provide design, planning, optimization and assurance support for telecommunications networks in Latin America, according to the company. (Nokia Siemens Networks, December 7, 2011)
  • Metals: U.S.-based metals processor Ryerson Inc. recently opened a new processing center in the northwestern city of Tijuana.  The facility will provide services such as cutting, slitting and laser burning for the area’s large maquiladora and manufacturing industries. (Made in Mexico, Inc., November 7, 2011)
  • Aviation: Mexican airline VivaAerobus announced plans to invest US$20 – 25 million in 2012 for the acquisition of five to seven new aircraft.  The company has registered strong growth since its launch in 2006. (Mexican Business Web, December 3, 2011)
  • Mining: Canadian mining firm Excalibur Resources announced that it will proceed to develop a major gold and silver production facility at its Catanava mining property in Zacatecas, Mexico, following approval of permits by the Mexican government.  Plans for the development include the construction of office and warehouse space as well as crushing, milling, conveyance and laboratory installations. (Canadian Mining Journal, November 25, 2011)
  • Retail: U.S.-based electronics retailer Best Buy announced plans to double the number of its sales locations in Mexico next year.  Best Buy, which entered the Mexican market in 2008, plans to expand from eight to 16 stores in Mexico in 2012. (Reforma, November 29, 2011) Read the rest of this entry »

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Recent and upcoming investment

Dec 6

Posted by Tom in Investment, Manufacturing | No Comments

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Information collected from media reports over the past month:

  • Beverage: Netherlands-based Heineken International, through its Mexican brewing operation Cuauhtemoc Moctezuma (CM), invested over US$37 million to boost sales of the brewery’s Carta Blanca beer brand.  Resources were channeled into areas such as a new returnable bottle, label design and delivery truck modifications.  CM was acquired by Heineken in 2010. (Vanguardia, October 28, 2011)
  • Energy: Mareña Renovables Capital, S.A.P.I. de C.V., controlled by an investment consortium led by Australia’s Macquarie Group, will build Mexico’s largest wind farm to date in the southern state of Oaxaca.  The 396 MW electricity generating site will supply energy to beverage giant FEMSA, which will co-finance construction with assistance from a US$72 million loan from the Inter-American Development Bank (IDB). (Inter-American Development Bank, November 24, 2011)
  • Logistics: Mexico’s rail freight operators are projecting combined investment of approximately US$350 – 450 million annually in the coming years, according to the Mexican Railroad Association.  Resources are targeted principally for modernization and upgrade of infrastructure. (Reforma, November 9, 2011)
  • Energy: Mexico’s Federal Electricity Commission (CFE) is projecting that public agencies and private companies will invest a combined US$10.5 billion to expand the country’s natural gas pipeline network.  Projects include eight new pipelines, which will help support planned conversion of power plants from fuel oil to natural gas. (Reforma, November 9, 2011)
  • Automotive: U.K.-based auto parts manufacturer GKN Driveline is projecting total investment in its Mexico operations at US$46 million for 2011.  The expenditures are focused on reinforcing metal forming, machining and assembly operations to increase production at the company’s three plants in the central state of Guanajuato. (Reforma, November 21, 2011)
  • Pharmaceutical: German pharmaceutical manufacturer Boehringer Ingelheim inaugurated a new production plant in the western state of Jalisco.  The US$10 million facility will produce biological veterinary products for poultry, swine and cattle applications. (NAFTA Works, November, 2011)
  • Retail: Mexico’s national retailers association ANTAD is projecting total investment of US$3.6 billion in new store openings and remodeling for 2011.  The sector has performed well this year despite the uncertain economic climate, with leading grocery and general merchandise chains Wal-Mart and Chedraui reporting total sales growth of 12% and 11.9%, respectively, through September. (Reforma, November 7, 2011) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Oct 6

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

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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 »

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Recent and upcoming investment

Sep 5

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

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  • Agribusiness: Mexican agricultural services provider Phytosan inaugurated a new phytosanitary radiation plant in the northeastern state of San Luis Potosi following investment of US$12 million.  The facility, the only one of its kind in Mexico, will be used to treat fruits and vegetables for export to the United States.
  • Automotive: Japanese automaker Honda plans to invest US$800 million to build a new manufacturing plant in the central state of Guanajuato.  The new factory, planned to begin production by 2014, will produce energy-efficient subcompact autos. Honda currently operates an automobile factory in the western state of Jalisco.
  • Hospitality: U.S.-based hotelier La Quinta Inns & Suites announced plans to invest US$60 million to expand operations in Mexico over the next three years.  Projects are expected to include new hotels in business hubs such as Mexico City, Ciudad Juarez, Reynosa and San Luís Potosí, among other locations.
  • Automotive: Japanese automaker Honda will reactive investment plans at its manufacturing plant in the western state of Jalisco.  US$60 million in resources are earmarked to install equipment and technology needed to produce the company’s next model CR-V recreational vehicle.
  • Automotive: U.S. auto parts maker TRW Automotive announced it will invest US$50 million to install a new manufacturing plant in the central Mexican state of Queretaro.  The new facility reportedly will produce anti-lock braking systems to supply Volkswagen Brazil.
  • Mining: Mexican corporate group GFM has formed a joint venture between its heavy equipment subsidiary GFM Maquinaria and Singapore-based Singapore Technologies Kinetics to market mining equipment under the brand TRXBUILD.  The association plans to build a factory to produce equipment such as backhoes, tractors and off-road trucks in Mexico within five years through projected investment of US$20 million. Read the rest of this entry »

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Recent and upcoming investment

Jul 8

Posted by Tom in Economy, Investment, Manufacturing | 1 Comment

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  • Aerospace: Mexican aerospace manufacturer Hydra Technologies closed the first sale of its Ehecatl unmanned aircraft to a foreign customer at the Paris Air Show this month.  Hydra’s export order by a Canadian buyer, the value of which was not revealed, includes six aircraft, supporting equipment and services.  The contract represents the first export order of completed aircraft designed and built by a Mexican company, a major step forward for the country’s burgeoning aerospace industry.
  • Automotive: Japanese automaker Mazda at long last confirmed rumors that it will build a major new production facility in the central Mexican city of Salamanca, Guanajuato State.  The US$500 million facility, planned to produce next-generation engines and automobiles, is scheduled to open in 2013.
  • Trade: Chinese trade promotion agency Chinamex announced plans to build a Dragon Mart shopping center in Cancun, Mexico, via initial investment of US$150 million.  The complex, which will offer exhibition space, importation facilities, retail and wholesale outlets and restaurants, is intended to promote exports by small and medium sized Chinese companies.
  • Logistics: Mexican courier and logistics company Redpack inaugurated a new Operations Center in the western city of Guadalajara, Jalisco.  The US$6 million facility provides freight yards, warehousing, loading docks and office space to facilitate the company’s freight management for the western region.
  • Automotive: Platinum Tool Technologies, a Canadian manufacturer of molds for the automotive industry, formally inaugurated its plant in the northern state of Coahuila following US$1.75 million in investment. The facility provides high quality repairs, maintenance and engineering changes for molds and tooling.
  • Health care: A consortium of public and private institutions in Monterrey, Nuevo León, is projecting investment of US$400 million over the coming years to develop a health care cluster to be called “Monterrey City of Health”.  The project involves hospitals, laboratories, universities and research centers, and is intended to attract patients and health professionals from elsewhere in Mexico and around the world for advanced care and professional opportunities. Read the rest of this entry »

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