Recent and upcoming investment

Tom — Tue, 01 Jun 2010 14:21:52 +0000

Reports on some recent and upcoming investment collected from the local business media:

Real Estate: Mexican real estate developer Marhnos announced plans to build up to five office towers in Mexico City over the next five years. The company is projecting investment of approximately US$1.5 billion in the projects, which will be carried out in alliance with New York-based developers Turner International.
Apparel: Sports apparel and footwear maker Grupo Charly is manufacturing in Mexico again after an absence of six years. The Mexican company offshored the last of its domestic production to Asia in 2004, but began to move some manufacturing back home last year to improve delivery times. They project ramping up Mexico production to 600,000 pairs of sports shoes over the next three years.
Automotive: Nissan Mexicana has reported plans to invest US$600 million at its plant in Aguascalientes, Mexico, to manufacture a new model car. The auto maker plans to build 50,000 units annually of the new model, which will include 75% components from domestic suppliers.
IT: Mexico’s top telco Telmex announced it will significantly expand its Triara Data Center over the coming two years. The US$100 million facility provides integrated hosting services, data storage, backup and connectivity solutions to domestic and international corporate clients as well as government agencies.
Automotive: U.S. truck maker Navistar announced its Mexican subsidiary Navistar Mexico will increase production by 50% by the end of the current year. The company’s US$250 million facility in Escobedo, Nuevo Leon is the largest truck and bus chassis manufacturing plant in Latin America.
Poultry: U.S. poultry giant Tyson opened a new animal oil and protein processing plant in the state of Durango. The US$1 million dollar facility is part of a projected US$16 million in investment in the company’s Mexico agriculture and food operations this year.
Software: Indian IT consultants Tata Consultancy Services (TCS) announced plans to open a third software development center in the state of Jalisco. Tata, which also operates offices in Mexico City, two software development centers in Guadalajara and one in Queretaro, is a key player in Jalisco’s burgeoning software industry.
Logistics: Work is underway on major expansions at the port of Veracruz, Mexico’s key container terminal on the Gulf of Mexico. The expansions will include a logistics center to the north of the port, improving accessibility, and new rail connections.
Retail: Mexico’s leading retailers will invest approximately US$1.5 billion this year in new store openings and upgrades, according to the ANTAD retailers’ association. Department stores Liverpool and Palacio de Hierro, convenience chain Oxxo and others announced plans to return to expansion this year after mostly suspending growth during recession-plagued 2009.
Steel: Mexico’s national steel producers association Canacero announced projected investment in the sector of up to US$10 billion over the next five years. A boost in production is planned to meet recovering demand on the world market anticipated to begin next year.
Tourism: Resort operator Sunset World announced plans to invest US$26 million in remodeling and expansion of existing locations in the Riviera Maya area. The company also reportedly intends to make additional investments to construct a large “eco-luxury” hotel in the same area.
Lighting: Indian lighting products giant Havells plans to invest US$100 million to build or purchase a manufacturing plant in Mexico. The company already produces lighting ballasts at a plant in the border city of Matamoros, Mexico.
Tourism: Singapore-based resort developer Banyan Tree revealed plans to build two new locations in Mexico with investment of over US$200 million. The company’s proposed plans include development of a luxury location in the Guadalupe Valley, Mexico’s leading wine producing region.

Recent and upcoming investment

Tom — Thu, 24 Dec 2009 15:26:26 +0000

Reports on some recent and upcoming investment collected from the local business media:

Logistics: Hong Kong-based Hutchison Port Holdings (HPH) announced major investments planned for Mexico in 2010 despite the down economy. Projects anticipated by the global port leader, which invested over USD32 million in the Mexican port of Lazaro Cardenas in 2009, include further expansion of infrastructure at Lazaro Cardenas, an inland port and container terminal in the central state of Hidalgo, new warehouse space at the port of Manzanillo and a commercial development at the Ensenada cruise ship terminal.
Biofuels: Mexico’s own Integramex plans to invest approximately USD100 million to construct two plants to produce biodiesel and generate electricity from material extracted from landfills. The plants, intended to provide fuel and electricity to the highly industrialized Toluca area outside of Mexico City, seeks to capitalize on opportunities to obtain carbon credits.
Telecommunications: Telmex, Mexico’s largest fixed telephony service provider, announced several hundred million dollars in projected investments for 2010. The plans include the creation of 20 new customer service centers throughout the country.
Biofuels: Mexico-based BioFields, backed by Grupo Gondi, the country’s second largest producer of recycled cardboard, announced that in 2010 they will launch a long-term project to produce ethanol from algae. The massive production facility, to be constructed in the north western state of Sonora, will require investment of approximately USD850 million and make use of technology developed in the United States.
Software: Jalisco’s software industry continues to register robust growth. The Chapala Media Park, targeted to open by the end of December 2009, will concentrate companies specialized in multimedia and animation. A second facility, the Ciudad Guzmán Software Park, is planned to open in 2010 and focus on information technology and agribusiness.
Tourism: Despite posting losses in 2009, two hotel groups announced they will move ahead with investments for 2010. AMResorts will open new hotels in the beach resorts of Huatulco and Nuevo Vallarta with combined investment of over USD400 million, and Hilton Hotels intends to initiate presence in the cities of Guadalajara, Puerto Vallarta and Acapulco via franchising or administration contracts.

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Recent and upcoming investment

Recent and upcoming investment