Posts Tagged transport

Big Mexican companies keep investing abroad

New market development

New market development

Despite some adverse conditions facing Mexico at the moment (cough Trump cough), the Mexican government has kept up its steady promotion of the country as a destination for foreign direct investment.  A couple of high-profile investments in the automotive industry appear to have been waylaid by threats or uncertainty over the future of NAFTA, but overall large foreign companies with long-term strategies for the Americas continue to establish new Mexico operations or expand existing ones.  Within this context, we once again took a look at the less-heralded flip side of Mexico FDI – investment by Mexican companies in other countries. 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:

  • Retail: Mexican toy retailer Juguetron plans to open 10 to 15 new stores in 2016, the company reported. Projected investment for the expansion was not specified by the company, which currently operates 77 retail locations in Mexico. (El Financiero, December 18, 2015)
  • Aerospace: French aerospace manufacturer Messier-Bugatti-Dowty (MBD), a subsidiary of Safran, is in the process of executing investment of approximately US$14 million through 2018, the company reported. MBD is currently expanding capacity to manufacture aircraft landing gear at its plant in the central state of Querétaro. (El Financiero, December 15, 2015)
  • Transport: Mexican inter-city passenger bus operator Grupo ADO will invest approximately US$6 million to build a new eco-friendly passenger terminal in the southeastern city of Chetumal. The LEED-certified site is planned to include high efficiency technologies in areas such as energy consumption, potable water and CO2 emissions reduction, among others. (El Financiero, December 11, 2015)
  • Pet food: Swiss processed foods giant Nestlé inaugurated a new pet food plant in the central state of Guanajuato, the company reported. The US$220 million facility will produce Purina product to help Nestlé keep up with 10% annual growth in demand. (El Financiero, December 10, 2015)
  • Natural gas: Spanish natural gas utility Gas Natural Fenosa is projecting investment of approximately US$135 million to expand Mexico operations in 2016, the company reported. Fenosa plans to extend its natural gas transmission and distribution pipeline network to add new industrial and residential customers. (El Financiero, December 10, 2015) 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:

  • Wind power: Spanish energy developer Iberdrola is planning to build four new wind energy generation plants in the southern state of Puebla via combined investment of US$2 billion, the company reported. Iberdrola recently inaugurated a 66 Mw wind power plant in the same state at a cost of US$130 million. (Reforma, November 26, 2015)
  • Food processing: Mexican dairy products producer Cremería Americana and Austrian baking ingredients producer Backaldrin jointly installed a new plant in the central State of Mexico at a cost of approximately US$2.3 million.   The facility is expected to produce specialized flours for local and regional industrial bakers such as Mexico’s Bimbo. (El Financiero, November 24, 2015)
  • Transportation: U.S.-Mexican joint venture Otay Tijuana Ventures is nearing completion of a new border-crossing facility between the cities of Tijuana, Mexico and San Diego, United States. The US$120 million binational bridge linked to the Tijuana airport is expected to include retail space and significantly reduce border crossing time for travelers. (El Financiero, November 25, 2015)
  • Automotive: South Korean auto maker Kia Motors announced it has completed construction on a state-of-the-art manufacturing complex in the northeastern state of Nuevo León. The US$3 billion plant is composed primarily of stamping, body welding, paint and assembly modules. (Automotive Fleet, November 24, 2015)
  • Biotechnology: Mexican pharmaceutical manufacturer Liomont plans to construct a new production plant in the central State of Mexico at a cost of “several million dollars,” the company reported. The site is projected to begin producing biopharmaceuticals to treat chronic degenerative diseases in 2017. (Reforma, November 23, 2015) 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:

  • Logistics: Mexican department store operator Coppel inaugurated a new distribution center in the northwestern state of Sinaloa. Built at a cost of approximately US$20 million, the site will warehouse and ship clothing and furniture for the country’s northwestern region. (El Financiero, May 28, 2015)
  • Brewing: Mexican beer giant Grupo Modelo, owned by Belgium-based Anheuser-Busch InBev, will invest approximately US$182 million to establish a beer-can production plant in the southeastern state of Yucatán, the company reported. Modelo recently announced it will build a new brewery in the same location. (Reuters, May 29, 2015)
  • Mining: Canadian mining company Timmins Gold Corp. announced plans to invest approximately US$200 million in mining operations in the Mexican states of Veracruz, Sonora and Guerrero. Timmins is focused on producing gold in its Mexican mines. (El Norte, May 18, 2015)
  • Electronics: German electronics and engineering multinational Bosch plans investment of approximately US$142 million in Mexico this year, the company reported. Plans include new product development and the construction of a new plant to produce water heaters in the southern state of Morelos. (El Financiero, May 14, 2015)
  • Food processing: Mexican flour and tortilla multinational Gruma plans investment of US$300 million this year in Mexico operations, the company reported. Resources will be applied to upgrade process technologies, expand production capacity and possibly to acquisitions. (El Financiero, May 12, 2015) 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:

  • 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) Read the rest of this entry »

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