Recent and upcoming investment

Tom — Wed, 01 Sep 2010 21:56:40 +0000

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

Retail: DIY retailer Home Depot announced investment of US$115 million in Mexico in the current year, principally for the opening of five new stores. The leader in its segment in Mexico, Home Depot projects 85 retail locations in operation by the end of 2010.
Environmental: The North American Development Bank (NADBank) has ramped up its financing of environmental and other infrastructural projects in Mexico’s northern border zone over the past three years, local media report. Projects in Mexico financed by the bank during this period include 32 water treatment plants, 50 drainage and potable water systems and 12 solid waste landfills.
Telecommunications: Telecom service provider Nextel projects investing up to US$1.5 billion in the construction of new network infrastructure. Nextel recently won a nationwide spectrum auction in Mexico in partnership with television broadcast giant Televisa.
Aerospace: U.S.-based aircraft manufacturer Hawker Beechcraft is currently constructing a new production plant in the northern city of Chihuahua. The US$108 million facility, set to produce aircraft assemblies and subassemblies, will become the company’s second manufacturing plant in Chihuahua, further bolstering Mexico’s robust aerospace sector.
Automotive: General Motors de Mexico announced projected investment of US$500 million in the northern state of Coahuila to produce a new generation of eight-cylinder motors as well as a new vehicle platform. Projects supported by the new investment are planned to begin this year with actual production set for 2011.
Franchising: Fast-food chain Burger King announced 2010 investment of approximately US$15 million in order to open 20 new restaurants in Mexico. The chain’s Mexico expansion also will include doubling the number of “dessert kiosks” from 18 to 36.
Automotive: Automaker Volkswagen announced new planned investments of up to US$1 billion over the next three years in its Mexico operations. Projects under the program include modernization of the Puebla plant to produce the next generation Beetle and construction of a new plant to produce a new generation of motors for Mexico and U.S. auto production.
Energy: Mitsui Power America, affiliate of Japanese multinational Mitsui, announced projected investment of up to US$2.5 billion in Mexico over the next five years. The company recently acquired five electricity generating plants in the country and plans further expansion in the energy sector.
Automotive: Nissan Mexicana plans to invest US$600 million to begin producing two additional auto models at the company’s Aguascalientes plant in 2011 and 2012. Mexico was chosen over various Asian countries considered for the production of the new versions of Nissan’s March model.
Food Processing: Mexican dairy processor Lechera Guadalajara opened the country’s second largest milk dehydrating plant, following investment of approximately US$10 million. The company is also currently building an additional plant to produce cheese and candy.
Energy: The western sate of Jalisco will get its first wind energy park by the end of 2011, currently in development by Eoliatec de Mexico. The US$100 million facility is projected to have a total capacity of 60MW, which will be supplied to the Federal Electricity Commission (CFE).
Real Estate: AMResorts announced plans to build two luxury hotels in Puerta Vallarta through investment of a projected US$150 million. The project is hoped to help reactivate long sluggish hotel development in the area.
Paper: Mexican paper and packaging materials manufacturer Bio-PAPPEL will invest approximately US$250 million over the next four years to build five new production plants. Formerly known as Corporación Durango (Codusa), the firm plans to incorporate electricity generating plants into each of its new production facilities.
Infrastructure: The Mexican government is projecting private sector investment in infrastructure development of up to US$34 billion between 2010 – 2012. The largest share of the investment is expected to be in telecommunications, with roads, ports, water management and airports receiving significant capital as well.

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.

Mexico Business Blog » Telecommunications

Recent and upcoming investment

Recent and upcoming investment