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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:

  • 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