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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar energy: British solar power developer Solarcentury plans to build two solar electricity generation plants in the western Mexican states of Jalisco and Nayarit, the company reported. The cost of the sites was not specified, but the firm reported a fund of approximately US$500 million earmarked to develop this type of project. (El Financiero, November 21, 2014)
  • Building materials: Chilean compressed wood materials manufacturer Masisa has initiated construction on a plant to produce medium density fiberboard (MDF) in the northern state of Durango. The US$132 million facility is projected to have output capacity of 7.8 million cubic feet of board per year. (Reforma, November 28, 2014)
  • Ports: Mexico’s Ministry of Communications and Transport (SCT) announced approximately US$1 billion in planned port investment in anticipation of new capacity demand generated by the administration’s energy reform. Ports at Matamoros, Ciudad del Carmen and Progreso, among others, will receive upgrades such as high-specification docking facilities to receive latest generation ships. (Mexican Business Web, November 24, 2014)
  • Waste management: Mexican waste management services provider Red Ambiental plans construction of a new operations base in the northeastern state of Nuevo León at a cost of approximately US$6 million. The site will provide maintenance services for the waste collection fleets and equipment of the city of Monterrey and three neighboring municipalities. (Reforma, November 18, 2014)
  • Automotive: Korean auto parts manufacturer Yura Corporation announced it will invest US$53 million to establish a production facility in the northern state of Coahuila. The plant, expected to produce electrical components for ignition systems, is targeted to begin operations in 2016. (Milenio, November 13, 2014) Continue reading Recent and upcoming investment in Mexico