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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Tires: U.S. tire maker Goodyear announced it will build a major new manufacturing plant in Mexico’s northeastern state of San Luís Potosí at a cost of approximately US$550 million. The facility, intended principally to supply the region’s booming automotive industry, is expected to come on line in 2017. (La Crónica, April 24, 2015)
  • Ports: U.S. rail and marine terminal operator Grupo Carrix plans investment of approximately US$670 million in Mexico through 2018, the company reported. Projects include completion of a new cutting edge port terminal at Tuxpan on the Gulf of Mexico. (El Economista, April 23, 2015)
  • Industrial parks: Mexican industrial real estate developer Vesta plans to build a new industrial park near the tourism center of San Miguel de Allende, the company reported. The US$61 million project aims to take advantage of the rapidly expanding automotive industry in the central state of Guanajuato. (El Financiero, April 23, 2015)
  • Packaging: U.S. jar and can maker Ball Corp. will establish a manufacturing plant in Mexico, the company reported. The new facility is planned to produce metal cans to meet demand from thriving beer production in the country. (Denver Post, April 20, 2015)
  • Transport: U.S. railroad freight car equipment manufacturer Greenbrier inaugurated a new production plant in the central state of Tlaxcala, the company reported. The site, for which the amount of investment was not specified, will produce boxcars, gondolas and hoppers principally for export to the United States. (Mexican Business Web, April 21, 2015) Continue reading Recent and upcoming investment in Mexico

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

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Automotive: South Korean auto maker Kia Motors announced it is building a new manufacturing plant in Mexico, its first in the country. The plant, estimated to cost over US$1 billion to build, will be located in the northeastern state of Neuvo León and is expected to produce compact and sub-compact automobiles. (Bloomberg, August 27, 2014)
  • Energy: Mexican chemical and plastics maker Alpek is projecting investment of up to US$4 billion in energy projects under Mexico’s recently implemented energy reform, the company reported. Plans include the construction of at least two combined heat and power (CHP or cogeneration) plants on Mexico’s Gulf coast. (El Financiero, August 12, 2014)
  • Electronics: The recently designated operator of electronic highway toll collections, Telepeaje Dinámico, announced investment plans of approximately US$170 million to modernize infrastructure at collection sites. Plans include replacement of antennas, servers and related electronics at 104 toll collection stations. (El Financiero, August 14, 2014)
  • Forestry: Mexican forestry company Proteak announced investment of US$200 million to build a new production plant in the southeastern state of Tabasco. The new facility is planned to produce medium density fiberboard (MDF) from its eucalyptus plantations in the state. (CNNExpansión, Reforma, August 15, 2014)
  • Retail: U.S. hardware and construction materials retailer The Home Depot inaugurated a new store in the southern state of Oaxaca at a cost of approximately US$20 million. The site becomes the chain’s 108th sales location in Mexico. (Noticias Net, August 15, 2014) Continue reading Recent and upcoming investment in Mexico