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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar power: Mexican developers Gauss Energía inaugurated the 39 MW photovoltaic solar energy generation site Aura Solar in the northwestern state of Baja California Sur, built at a cost of approximately US$100 million.  Funded by a consortium that included Gauss, Portuguese energy developer Martifer, and government and multilateral agencies, the facility is considered to be the largest of its type in Latin America. (CNN Expansión, March 25, 2014)
  • Steel: Mexican corporate group Industrias CH is projecting investment of approximately US$805 million in Mexico operations this year.  Projects include construction of a new steel production plant for its Grupo Simec subsidiary to supply the automotive manufacturing industry, and a new plant in the northern state of Coahuila to produce large-diameter steel pipe for the petrochemical industry. (Reforma, March 25, 2014)
  • Hotels: Mexican hotel operator Grupo Posadas plans investment of approximately US$420 to expand its presence in Mexico through the end of 2015.  Projects include the opening of 36 new hotels under the Fiesta Inn and One brands. (Finamex Comentario de Cierre, March 26, 2014)
  • Wind power: Mexican cement giant CEMEX announced plans to build twin wind power plants in the northeastern state of Nuevo León.  The US$600 million project is projected to produce a combined capacity of 252 MW. (Reforma, March 21, 2014)
  • Retail: U.S. pet supplies retailer Petco and Mexican retail operator Grupo Gigante will invest US$50 million in a joint venture to open 50 Petco stores throughout Mexico over the next five years.  The partnership currently operates one store in Mexico and plans to close 2014 with five Mexico locations in operation. (El Financiero, March 12, 2014)
  • Coatings: U.S. coatings maker PPG Industries will invest approximately US$27 million to expand capacity at its production plant in the central state of Queretaro.  PPG currently supplies automotive paints to OEMs including Nissan and Honda in the region, the company reported. (Vanguardia Industrial, March 18, 2014) Continue reading Recent and upcoming investment in Mexico