Posts Tagged Tourism

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Food processing: Mexican beverage bottler Arca Continental reported plans to invest approximately US$210 million in Mexico operations during the current year. Areas earmarked for upgrades include new chilling equipment, production lines, transport equipment and information technologies. (El Financiero, April 28, 2017)
  • Solar power: The government of the western state of Jalisco initiated construction of a solar energy generation facility in conjunction with Mexican electrical engineering company Fortius Electromecánica, the state government reported. The projected    8 Mw capacity site will require an estimated US$22 million including a planned future expansion. (Manufactura, April 26, 2017)
  • Paper: Chilean-owned personal care tissue maker Absormex reported plans to invest US$25 million to expand Mexico manufacturing operations this year. Absormex products include bathroom tissue, diapers and sanitary napkins.  (Reforma, April 25, 2017)
  • Gas stations: Mexican fuel retailer Natgas is projecting it will open 32 new vehicular natural gas fueling stations by 2021. The cost of the expansion was not specified for the plans, which are intended to provide service to high volume users such as taxis, municipal transport systems and vehicle fleets in the country’s central Bajío region. (El Financiero, April 20. 2017)
  • Fuel transport: Mexican construction company Grupo Mexicano de Desarrollo (GMD) plans investment of US$50 million to expand its fuel transport and storage operations, the company reported. Projects are expected to include the construction of pipelines and storage tanks to support liquid fuel handling at port locations. (April 20, 2017) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Motorcycles: Italian vehicle maker Piaggio plans to introduce its Vespa brand of scooters in the Mexican market. The company will invest US$3 million to open seven Vespa agencies in the coming months in conjunction with Mexican distributor Grupo Zapata, the latter company reported. (El Financiero, November 30, 2016)
  • Retail: Mexican developers Thor Urbana and Grupo Orlegi announced plans to build a major shopping center complex in the northern state of Coahuila. The US$90 million site will be constructed as an adjunct to the soccer stadium home to the popular Santos Laguna club of the Mexican soccer league. (El Financiero, November 30, 2016)
  • Hotels: Mexican hotel operator Grupo Posadas inaugurated three new hotels in the northeastern city of Monterrey at a cost of approximately US$60 million, the company reported. The new properties are designed with aspects specifically targeting the millennial market, according to Posadas. (El Financiero, November 25, 2016)
  • Wind power: Unnamed investors will finance the construction of a 40MW wind energy generation plant in the central state of Querétaro, the state government announced. The US$40 million project is planned to include 40 generation turbines. (El Financiero, November 25, 2016)
  • Construction materials: Mexican flooring manufacturer Interceramic initiated construction on a new production plant in the central state of Guanajuato. The US$80 million factory will become the company’s 10th in Mexico. (Obras Web, November 25, 2016)
  • Biofuel: Mexican engineering firm Soluciones en Ingeniería Naval Marina y Terrestre has obtained a permit to construct a biofuel refinery in the eastern state of Veracruz, the Ministry of Environment and Natural Resources (Semarnat) reported. The cost was not specified for the new facility, which is planned to produce 120 million liters annually of ETI01 ethanol. (El Financiero, November 25, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Brewing: Mexican brewer Cuauhtémoc Moctezuma, subsidiary of Dutch beer giant Heineken International, inaugurated a new can production line and distribution center at its plant in the western state of Jalisco. The US$38 million expansion will allow the operation to produce six different sizes of cans and 43 different packaging presentations, the company reported. (El Financiero, August 31, 2016)
  • Energy: Mexico geothermal energy developer Grupo Enal plans investment of approximately US$300 million to develop geothermal energy generation sites in the states of Baja California and Guanajuato, the company reported. Enal plans exploration activities in support of the developments over the next two years. (Reforma, August 31, 2016)
  • Automotive: U.S.-based diversified manufacturing multinational 3M inaugurated a new research and development center in Mexico City, the company reported. The US$1 million facility is intended to develop custom solutions for the company’s 200 clients in the Mexican automotive supply chain as well as OEMs. (El financiero, August 19, 2016)
  • Education: Spain-based English language school Kids & Us plans aggressive expansion in Mexico, the company reported. The chain currently operates six learning centers in Mexico and plans to boost that number to 250 over the next 10 years. (El Financiero, August 16, 2016)
  • Food processing: Mexican food products manufacturer La Moderna is nearing completion of a new production facility in the northern state of Coahuila, the company reported. The US$4 million plant will become the company’s fifth in Mexico and is projected to produce wheat-based pastas. (El Financiero, August 15, 2016)
  • Airlines: Mexican air carrier Aeromexico reported plans to invest up to US$50 million over the next five years to improve its digital platform. Upgrade targets include the company’s web site, ticket sales, airport kiosks and apps for Apple watch, among others. (El Financiero, August 17, 2016) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Food processing: Mexican dairy products giant Grupo Lala plans investment of approximately US$7 million to expand its pasteurized products plant in the western state of Jalisco, the company reported. Lala also plans to establish three new distribution centers in the region. (El Financiero, May 25, 2016)
  • Telecommunications: Spanish telecom operator Telefónica is planning five projects in Mexico this year requiring investment of approximately US$185 million, the company reported. Resources will support expansion of its 4G LTE network to new areas of the country and reinforcement of its fiber optic network, among other activities. (El Financiero, May 20, 2016)
  • Solar energy: Spanish energy investors Fisterra Energy initiated construction of a major solar power plant in the northern state of Chihuahua, the state government reported. The US$350 million generation site reportedly will include 1.5 million photovoltaic panels. (El Financiero, May 18, 2016)
  • Medical devices: Italian medical device manufacturer Haemotronic announced plans to establish a production site in the northern state of Tamaulipas. The US$10 million facility is planned to take advantage of its border location to serve the U.S. market. (Mexican Business Web, May 18, 2016)
  • Pharmaceuticals: German drug maker Merck is planning to expand production capacity at its plant in the central State of Mexico at an estimated cost of US$9.8 million, the company reported. The site produces a substantial portion of Merck’s OTC products for the Latin American market. (Reforma, May 6, 2016)
  • Tourism: Mexican adventure park operator Experiencias Xcaret plans investment of approximately US$25 million to open a new ecological entertainment park in the southeastern state of Quintana Roo. The company operates popular adventure parks in the Riviera May region such as Xcaret, Xel Ha and Xplor. (Reforma, May 4, 2016)
  • Automotive: German electronics and engineering multinational Bosch is projecting investment of approximately US$100 million in Mexico operations this year. A substantial portion of the funds will support a new plant to produce automotive steering columns under construction in the central state of Querétaro, the company reported. (El Financiero, May 5, 2016)
  • Services: U.S. assisted living service providers Belmont Village plan to open their first facility in Mexico, the company reported. The US$42 million housing and care complex for seniors is planned to be the first of a series of similar sites Belmont will open in Mexico’s largest cities. (El Financiero, May 3, 2016)
  • Electronics: Mexican automotive electronics manufacturer Seeräuber Automotive inaugurated a new production plant in the western state of Jalisco, the company reported. The US$1 million site will provide manufacturing, assembly and supply management services to regional Tier 1 automotive suppliers. (Mundo Automotriz, May 3, 2016)

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Airbnb growing like SCOBY in Mexico City

Pásele marchanta

Pásele marchanta

Disclaimer: The topic of this post is the growth of Airbnb in Mexico City and its impact on the demographics of the city’s central zone. The conclusions presented here are drawn not from rigorous data analysis but rather from wild speculation based on our trips back and forth to the market and grocery store in the Colonia Roma neighborhood.

We have been dragging our ratty plastic market bag back and forth to Medellín market in Mexico City’s Colonia Roma for weekly food shopping since as far back as we can remember, which due to youthful excess only goes back to about the 1990s at this point. Outside of the recent boom in apartment building construction, the landscape didn’t change much over time, especially in the market: a demo heavily weighted toward middle aged neighborhood Janes kvetching about the skyrocketing price of chilacayote and what have you. But about three years or so ago, we began to notice an uptick in the number of young women of foreign appearance, many with yellow ponytails, along our customary route and in the market itself. The uptick has now turned into a veritable tsunami of foreign visitors in their early 20s, to the point where it seems unusual to hear Spanish spoken at the Sumesa grocery store on Av. Yucatán. What happened? Read the rest of this entry »

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