Recent and upcoming investment in Mexico

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)
  • Food processing: Mexican baker Gamesa, owned by the U.S.-based PepsiCo corporate group, will invest US$100 million to upgrade processes at its nine Mexico production plants and to support increased exports.  Gamesa, one of Mexico’s largest commercial producers of cookies, recently inaugurated an Advanced Baking Center in the northeastern state of Nuevo León. (Reforma, June 6, 2012)
  • Aviation: Mexican low cost airline VivaAerobus announced planned investments of US$15 million for 2012.  Resources are earmarked for the acquisition of three new aircraft and expansion into the Colombian air transportation market. (Mexican Business Web, June 8, 2012)
  • Recycling: U.S. beverage giant Coca Cola in partnership with its Mexican bottlers will invest US$34 million to double the capacity of its PET plastic recycling plant in the central Mexican city of Toluca, the company announced.  The expansion will allow the facility to recycle 120 million pounds of PET per year. (Waste & Recycling News, June 13, 2012)
  • Autoparts: U.S. automotive parts and accessories retailer AutoZone plans to invest approximately US$47 million during 2012 to continue its aggressive expansion in Mexico.  Plans include the opening of 30 new sales locations and a new distribution center in the country.  (Mexican Business Web, June 10, 2012)
  • Aerospace: Brazil-based aircraft manufacturer Embraer and French aircraft components manufacturer Zodiac Aerospace announced they will begin manufacturing aircraft interior components in Mexico through a joint venture.  The companies did not specify the location of the new plant, which will become Embraer’s first in Mexico. (Embraer, June 12, 2012)
  • Manufacturing: U.S.-based heavy equipment maker Caterpillar will build a new manufacturing plant at an estimated cost of US$45 million in the northeastern state of Nuevo León.  The new facility will produce excavator cabins for Caterpillar, which already operates two production plants in the state.  (El Economista, June 14, 2012)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) will invest approximately US$63 million in expansions and upgrades to its airports, the company announced.  The group plans upgrades to infrastructure at its 12 airports including the heavily trafficked facilities at Guadalajara and Los Cabos. (Mexican Business Web, June 14, 2012)
  • Automotive: German truck maker Daimler Trucks announced it will build a new manufacturing plant in Mexico via projected investment of US$300 million.  The location of the plant, planned to produce transmissions for heavy trucks, was not specified.  (Excelsior, June 21, 2012)
  • Steel: Mexican steel producer Altos Hornos de México and its mining subsidiary Minera del Norte are preparing expansion projects representing a combined US$980 million, the company revealed.  Plans include a new thermal treatment center and vacuum degassing plant for steel production as well as additional coal mining operations. (Reforma, June 28, 2012)

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