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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Construction: Portuguese industrial conglomerate Mota-Engil is planning US$1.8 billion in residential and luxury hotel developments in Mexico, the company reported. Projects include 2,500 beachfront residential units in the northwestern state of Nayarit, five new hotels and a golf course. (El Financiero, April 27, 2016)
  • Chemicals: Japanese chemical producer Mitsui Chemicals and South Korean petrochemical company SKC Polyurethanes will jointly establish a manufacturing plant in the northeastern state of Nuevo León, the state government reported. The US$8.2 million site is planned to provide polyurethane resin components for suppliers to a Kia Motors factory under construction in the area. (Reforma, April 27, 2016)
  • Ports: The Mexican subsidiary of U.S.-based port operator SSA Marine reported plans to construct a port terminal specialized for the handling of automobiles. The US$50 million loading dock will be installed at the Pacific coast port of Lázaro Cárdenas. (Reforma, April 22, 2016)
  • Electronics: Japanese electronics manufacturer Pioneer initiated construction of a new manufacturing plant in the western state of Jalisco, the company reported. The US$11.4 million site is planned to produce audio components for regional automotive EOMs. (Mexican Business Web, April 22, 2016)
  • Automotive: Italian tire maker Pirelli is projecting investment of approximately US$200 million over the next three years to establish a manufacturing plant in the central state of Guanajuato, the company reported. Slated for inauguration in 2017, the factory is planned to produce 2.5 million tires annually. (Reforma, April 21, 2016) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar power: French electricity company Schneider Electric plans to build a photovoltaic solar energy generation plant in the northeastern state of Nuevo León. The US$1.5 million installation will be located at the Technology Research and Innovation park to provide electricity for the park’s Development and Innovation Center. (El Economista, September 24, 2014)
  • Biotechnology: U.S.-based biotechnology multinational Monsanto inaugurated a new seed technology research center in the western state of Jalisco, the company reported. The new site, the cost of which was not revealed, is planned to centralize the company’s efforts to develop new hybrid and genetically modified strains of corn. (Reuters, September 29, 2014)
  • Chemicals: Spanish industrial group Grupo Proman will lead construction of a major new fertilizer production plant in the northwestern state of Sinaloa, the state government reported. Investors from Mexico, Switzerland and Germany will provide capital for the approximately US$92 million project, which is expected to produce ammonia. (Milenio, September 24, 2014)
  • Aviation: Mexican airlines plan purchases of over 250 new aircraft at a cost of approximately US$24.6 billion over the next seven years, combined media sources report. The airlines are releasing expansion plans following the recent announcement that a major new international airport will be built in Mexico City in the coming years. (El Financiero, September 12, 2014)
  • Automotive: German auto parts manufacturer Witzenmann plans to build a new production plant in the central state of Guanajuato. The US$12 million facility is expected to produce metal hoses for regional automotive OEMs. (Alcaldes de México, September 19, 2014) Continue reading Recent and upcoming investment in Mexico