Tag Archives: motorcycles

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: Mexican grocery and general merchandise retailer La Comer reported it is on track to invest approximately US$155 million this year in store remodels, new stores and retail technology upgrades. The chain announced plans to open 8 – 10 new stores per year for the foreseeable future. (El Financiero, October 31, 2018)
  • Logistics: Mexican department store operator and commercial real estate developer Liverpool plans to invest up to approximately US$155 million in its Arco Norte Logistics Center in the central State of Mexico through 2022, the company reported. The distribution center is expected to begin handling appliances and furniture in 2021 with clothing, linens and accessories to follow in 2022. (El Financiero, October 29, 2018)
  • Food processing: Guatemala-based Grupo IDEALSA will invest US$70 million to establish processing operations in Mexico’s southern Puerto Chiapas Special Economic Zone (ZEE), the Mexican government reported. The two-plant site is planned to produce edible oils, fruit juices and dairy beverages. (El Financiero, October 18, 2018)
  • Paper processing: Mexican packaging manufacturer Grupo Gondi will establish a new production plant in the northwestern state of Sonora, the state Governor’s office reported. The US$44 million facility is expected to produce corrugated cardboard packaging with high quality graphics. (Expreso, October 14, 2018)
  • Motorcycles: Mexican automotive manufacturing and sales company MotoDrive, master distributor of the Indian motorcycle brand Bajaj in Mexico, announced plans to establish two assembly plants in the country. Total investment was not specified for the sites, which are expected to produce vehicles for the domestic market. (El Financiero, October 11, 2018) Continue reading Recent and upcoming investment in Mexico

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) Continue reading Recent and upcoming investment in Mexico

Harley Davidson sales roaring in Mexico

Freedom and individuality
Freedom and individuality

After having to cover our ears for the third time during an outdoor lunch recently, a question dawned on us: What is up with all the Harley Davidsons in Mexico City all of a sudden?  Whether we are at work in Condesa or at home in Roma, the ear-splitting roar of Harleys is everywhere these days, and it sure seems like a new trend to us.  In the 1980s and ‘90s, a Harley Davidson motorcycle was a rare sight around the neighborhood, in our recollection.  But our recollection can be fuzzy; we also remember Toros Neza as a footie powerhouse, and we should probably double check that.  In any case, with the Harleys rattling the windows, we decided to see if we could find any evidence for our trend theory. Continue reading Harley Davidson sales roaring in Mexico