Tag Archives: Steel

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:

  • Food processing: Mexican dairy products giant Grupo Lala inaugurated its first processed meats plant in the central state of Hidalgo, the company reported. The US$55 million facility will produce products for the company’s Nutri Deli brand such as hot dogs, Vienna sausages and sliced processed turkey and ham. (Expansión, October 30, 2017)
  • Construction: Mexican real estate developer Grupo Inmobiliario Frondoso reported plans to invest approximately US$184 million in new residential developments over the next four years.  Projects in planning are targeting cities in the central zone of the country including Guadalajara, San Luís Potosí and León. (El Financiero, October 30, 2017)
  • Electricity: Spanish renewable energy developer Acciona Energía reported it will build electricity transmission infrastructure in the northwestern state of Sinaloa, following a successful tender bid. The US$24.5 million project will include two high tension transmission lines and two substations. (El Financiero, October 24, 2017)
  • Aerospace: Aerospace manufacturer AT Engine Mexico, a joint venture between Germany-based Aerotech Peissenberg and Mexico’s Grupo Punto Alto, plans to establish a production plant in the northwestern state of Sonora. The US$200 million facility is expected to produce turbine parts for General Electric and Rolls Royce aircraft engines. (El Financiero, October 20, 2017)
  • Gasoline: U.S. gas station operator Gulf reported plans to establish 2,000 filling stations in Mexico at a cost of approximately US$211 million. The company also has plans to invest approximately US$400 million to construct six fuel storage terminals in the country over the next three years. (El Financiero, October 19, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Steel: Steel producer Ternium, subsidiary of Italian-Argentinian steel and energy conglomerate Techint, announced plans to build a US$1.1 billion hot rolling mill in the northeastern state of Nuevo León. The new plant will allow the company to produce more sophisticated hot rolled steel sheeting using the most advanced technology. (Metal Bulletin, September 28, 2017)
  • Tourism: Mexican industrial and services conglomerate Grupo IUSA initiated construction of a major new theme park in Mexico’s southeastern Riviera Maya tourism region. The US$840 million AMIKOO entertainment center is projected to include an amusement park, hotel, museum of Mayan archeology, convention center, shopping center, concert arena, food courts and other attractions. (September 19, 2017)
  • Manufacturing: Mexican bathroom fixture manufacturer Helvex reported investment of US$40 million this year to expand production capacity. A 30% increase in the company’s output of products such as faucets, shower heads and drains is allowing Helvex to target South American markets more aggressively. (El Financiero, September 19, 2017)
  • Logistics: Mexican pharmaceutical wholesaler Maypo inaugurated a new distribution center in Mexico City. The US$33 million complex includes 3.2 million cubic feet of warehouse capacity for dry and refrigerated product. (El Financiero, September 13, 2017)
  • Brewing: Mexican brewer Grupo Modelo, subsidiary of Belgium-based brewing multinational Anheuser-Busch InBev, projects investment of approximately US$777 million in 2018, the company reported. Projects were not specified other than that the company plans to expand production capacity. (El Financiero, September 8, 2017) Continue reading Recent and upcoming investment in Mexico