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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Automotive: U.S. automotive components supplier Android Industries inaugurated a new operations plant in the central state of Guanajuato. The US$21 million site is expected to put together kits of products such as spare tires, radiators, consoles and other parts for General Motors auto manufacturing plants.  (El Financiero, September 28, 2018)
  • Solar power: French energy conglomerate Engie announced it will construct a solar power generation plant in the northwestern state of Sonora. The US$111 million facility is projected to have generation capacity of 130.8 MW.  (Reforma, September 27, 2018)
  • OTC pharma: British-owned OTC medicines maker Sal de Uvas Picot plans approximately US$4.8 million in investment in Mexico manufacturing operations, the company reported. Resources will support a 20% expansion of production capacity for antacid products and cold medicines under the brands Sal de Uvas Picot and Mucinex.  (El Financiero, September 26, 2018)
  • Airlines: Mexican passenger air carrier Interjet will expand an existing aircraft order to Airbus for 20 more airplanes at a cost of approximately US$79 million, the company reported. The new A329 NEO aircraft will be phased into service over the coming five years. (El Financiero, September 17, 2018)
  • Liquor: S-Japanese drinks giant Beam Suntory has invested approximately US$60 million from 2017 through the present to modernize and expand its tequila plant in the western state of Jalisco, the company reported. Beam Suntory is launching a campaign to gain market share in the country for its traditional tequila brands Sauza and Hornitos. (El Financiero, September 12, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: S. DIY retailer The Home Depot opened its 123rd Mexico store in the central state of Queretaro, the company reported. The chain is projecting total 2018 investment in Mexico at approximately US$84 million, in areas such as maintenance and modernization of stores and distribution centers. (El Financiero, June 22, 2018)
  • Construction materials: Mexican flooring manufacturer Interceramic inaugurated a new production plant in the central state of Guanajuato, the company reported. The US$80 million site – Interceramic’s tenth plant in the country – will produce floor tiles for the domestic market. (El Financiero, June 21, 2018)
  • Pharmaceutical: U.S. drug maker Pfizer plans investment of approximately US$26 million in Mexico operations this year, the company reported. Projects include the expansion and modernization of Pfizer’s production plant in the central city of Toluca, as well as resources for product research and development. (El Financiero, June 21, 2018)
  • Fuel storage: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the northeastern state of Nuevo León. The US$48 million site is planned to store gasoline and diesel fuels, the company reported. (Reforma, June 20, 2018)
  • Wind power: The Mexican Wind Power Association (AMDEE) projects that the country’s wind energy generation capacity will triple over the next five years via investment of approximately US$12 billion. The group estimates some 8,000 Mw of new capacity will be added, principally through private investment under the 2014 energy sector reform. (El Financiero, June 19, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Food & beverage: Mexican beverage bottler Arca Continental plans investment of approximately US$195 million in Mexico operations this year, the company reported. Projects are expected to include purchase of refrigeration systems, upgrades to production lines and acquisition of transport equipment, among others. (El Financiero, April 27, 2018)
  • E-commerce: Brazil-based e-commerce portal MercadoLibre plans investment of approximately US$275 million to boost operations in the Mexico market, the company reported. Resources will support construction of two distribution centers in the Mexico City area, as well as an expanded loyalty program and shipping systems. (Milenio, April 26, 2018)
  • Automotive: Mexican electric car manufacturer Zacua announced the inauguration of its first manufacturing plant, in the southeastern state of Puebla. The US$27 million production site reportedly will produce the first electric car made entirely in Mexico. (Auto Motores Informa, April 25, 2018)
  • Pharmaceutical: French pharmaceutical multinational Sanofi reported plans to construct a new production facility in the central State of Mexico. The projected US$158 million plant is expected to produce vaccines for export to Latin America. (El Financiero, April 24, 2018)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$200 million in Mexico operations in 2018. Resources will support the group’s activities in areas such as pork production and automotive transmission manufacturing. (20Minutos, April 17, 2018) Continue reading Recent and upcoming investment in Mexico