Mexico Business Blog

Posts Tagged transport

Recent and upcoming investment in Mexico

Apr 3

Posted by Tom in Energy, Investment, Manufacturing | No Comments

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Information collected from media reports over the past month:

  • Beverage: Mexican beverage producer Organización Cultiba, exclusive bottler for PepsiCo in Mexico, plans investment of approximately US$157 million in Mexico operations this year.  Resources will be channelled into bottling and distribution operations as well as sugar cane production, the company reported.  (Mexican Business Web, March 6, 2013)
  • Telecommunications: Swedish telecommunications giant Ericsson opened a new Global Service Center in the central state of Queretaro.  The US$13 million center is one of four such sites worldwide, and will provide planning, design, implementation and support services to customers in the Americas and Europe , according to the company’s announcement. (TMC News, Ericsson, February 27, 2013)
  • Automotive: German auto parts manufacturer Hella will open a new production plant in the central state of Guanajuato this year, the company announced.  The US$100 million project is planned to produce headlamps and rear combination lamps for automotive OEMs in the region. (ProMexico, March 5, 2013)
  • Financial services: Spanish-owned bank Bancomer will invest approximately US$3.5 billion over the next four years to expand and upgrade operations in Mexico, the company announced.  Plans include renovating all retail branches in in the country,  upgrading technology platforms for data processing and completing construction of two new operations centers and a corporate office complex in the Mexico City area. (CNN Expansión, March 21, 2013)
  • Solar energy: Spanish solar energy developer Isofoton has signed an agreement with the government of the southeastern state of Yucatan to design and build a photovoltaic energy generation site in the state.  The US$360 million facility, planned to begin construction in 2014, is projected to produce 150MW once completed. (NAFTA Works, March 2013) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Jul 3

Posted by Tom in Investment, Manufacturing | No Comments

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Information collected from media reports over the past month:

  • Automotive: Japanese auto parts maker Yachiyo began construction of a new manufacturing plant in the central state of Guanajuato.  The US$20 million facility is planned to produce to manufacture fuel tanks, sunroofs, sheet-metal parts and plastic parts for a new Honda auto plant also under construction in the state. (El Economista, May 30, 2012)
  • Manufacturing: U.S. Corporate group 3M will open a new research and development center in the northeastern Mexican state of San Luís Potosí, the state government announced.  The new facility, which will conduct research in support of product development in areas such as bioscience, energy, lighting, chemicals, automotive and aerospace, is part of US$60 million in planned investments in Mexico by the company. (El Financiero, May 28, 2012)
  • Transport: U.S. rail carrier Kansas City Southern plans investments worth US$125 million this year in its Mexico rail network.  Resources will be put into maintenance and infrastructure in areas such as track, locomotives, railcars and other equipment, the company reported. (El Financiero, May 28, 2012)
  • Food processing: Mexican multinational flour miller Gruma will invest US$57 million in its Mexico operations this year, the company reported.  The resources for the company’s corn and wheat flour production plants will support upgrades in production capacity and advanced processing technologies.  (Reforma, June 14, 2012)
  • Hospitality: U.S. hotel operator Hyatt will be ramping up its presence in Mexico through the recent acquisition of Mexico City’s emblematic Nikko hotel as well as construction of six new hotels in the country, the company reported.  In addition to the US$190 million cost of the Nikko, to be renamed Hyatt Regency Mexico City, the company will spend another US$40 million on upgrades to meeting facilities, audio visual technology and Wi-Fi connections. (El Financiero, May 28, 2012) Read the rest of this entry »

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Recent and upcoming investment in Mexico

Jun 1

Posted by Tom in Energy, Investment, Manufacturing | No Comments

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Information collected from media reports over the past month:

  • Plastics: Mexican chemical and plastics maker Alpek will invest approximately US$2 billion over the next four years in petrochemical infrastructure and electricity generation, the company announced.  Mexico’s largest petrochemical group plans to boost output of ethylenglycol and PET plastic, among other projects. (Mexican Business Web, May 9, 2012)
  • Automotive: U.S. automotive fiber products manufacturer Janesville Acoustics inaugurated a new production facility in the central Mexican state of Guanajuato.  The US$4.5 million plant will produce fiber products to manage vehicle acoustic performance for the area’s thriving automotive manufacturing industry. (Automotive Business Review, May 15, 2012)
  • Retail: Leading Mexican grocery and general merchandise retailer Chedraui will invest approximately US$220 – 260 million this year in expansion and upgrades, the company reported.  Resources are earmarked for the opening of 16 new stores and maintenance systems for existing sites. (El Financiero, May 10, 2012)
  • Automotive: German corrugated pipe manufacturer invested US$3.7 million of a planned US$7 million to begin operations at a new production plant in the central state of Guanajuato.  The facility will produce fluid transfer and cable protection systems for automotive and industrial applications. (El Economista, April 25, 2012)
  • Energy: Mexican grocery and general merchandise retailer Soriana will begin construction this month on a wind energy plant in the northern state of Tamaulipas.  The US$100 million generating plant will be built in association with wind energy developer Compañía Eólica de Tamaulipas (CETSA).  (Milenio, May 16, 2012) Read the rest of this entry »

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Recent and upcoming investment

Apr 5

Posted by Tom in Economy, Energy, Investment, Manufacturing | No Comments

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

  • Energy: U.S. energy giant General Electric inaugurated an advanced research center in the central Mexican state of Queretaro.  The US$20 million facility, located close to one of Mexico’s leading aerospace clusters, will contribute to the design of airplane turbines and power generation systems.
  • Retail: Mexico’s leading retailer, Wal-Mart de Mexico, revealed plans to invest US$1.2 billion in Mexico in 2011.  The record-setting amount will help cover the opening of a projected 365 new retail locations across the company’s formats.
  • Electronics: German electronics manufacturer Siemens is investing a combined US50 million in new assembly and testing infrastructure in the central state of Queretaro.  The facilities will produce equipment for high voltage systems as well as contribute to new product development.
  • Manufacturing: Construction is underway on the fifth Mexico plant of Dutch lighting products manufacturer Philips.  The new facility, located in the northeastern city of Monterrey, is planned to produce lighting equipment for residential, industrial, commercial and municipal applications.
  • Transport: Kansas City Southern railroad’s Mexico subsidiary announced plans to invest US$125 million in upgrades this year.  The 2011 resources, an increase over 2010, are earmarked for infrastructure development, railway network maintenance and the purchase of equipment and technology.
  • Retail: Leading Mexican grocery and general merchandise chain Soriana will invest US$300 million to open new stores in 2011, the company announced.  Planned store openings include aggressive expansion of the chain’s downscale “Soriana Express” format.
  • Food processing: Food and beverage giant Pepsico will invest US$40 million in Mexico over the next seven years to expand the cultivation of sunflower.  Oil from the plants will be used in the production of the company’s baked goods under the brands Sabritas, Gamesa and Quaker. Read the rest of this entry »

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Chiapas first to launch biodiesel public transport

Jan 6

Posted by Tom in Energy | No Comments

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Jatropha

Jatropha

Chiapas state capital Tuxtla Gutierrez has become Mexico’s first city to implement public transportation run on biodiesel, local media and the Chiapas state government have announced.  In early January 2010, the city’s mass transit system introduced two bus routes served by 71 new vehicles running on biodiesel produced in the state.  The buses will run initially on a 20/80 mixture of biodiesel and conventional diesel, but are planned to switch to a 50/50 mix mid-month and ultimately to 100% biodiesel by March.  The new technology will replace 143 vehicles that previously ran on fossil fuels.

The biodiesel to supply the Tuxtla buses is produced from jatropha grown in Chiapas under a government program designed to offer local farmers a profitable alternative to subsistence agriculture.  The state currently has 10,000 hectares under jatropha production, and a biodiesel plant with capacity to produce up to 20,000 liters per day, according to information provided by the Governor’s public affairs office.  Chiapas is also producing oil palm and castor oil plants for future use in biodiesel production.

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