Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Chemicals: Mexican industrial group Cydsa will invest US$200 million through 2013 to open a new factory and upgrade existing infrastructure, the company announced.  Plans include a new facility to produce bleach and caustic soda as well as projects for the transport and storage of gas from the United States and Canada. (El Financiero, June 19, 2012)
  • Autoparts: German auto parts maker Robert Bosch plans investment of approximately US$140 million in its Mexico operations this year, based on projected domestic sales growth of 10 – 15%.  The company operates eight manufacturing plants around Mexico. (El Financiero, June 20, 2012)
  • Software: U.S. corporate group General Electric will invest US$30 million to expand its Advanced Turbomachinery Engineering Center in the central Mexican state of Querétaro.  The center develops software for GE’s aviation and energy divisions. (El Financiero, June 28, 2012)
  • Aerospace: U.S.-based coatings engineers Ellison Surface Technologies will open a new thermal spray coating and special process facility in the northern state of Sonora, the company announced at the Farnborough air show.  The US$1.5 million location is planned to provide heat treatment and special processes for aerospace components. (El Siglo de Torreón, July 10, 2012)
  • Green building: Spanish bank BBVA has initiated construction of a new corporate tower and a new operations center in central Mexico City, to be built at a combined cost of approximately US$900 million.  The 50-floor corporate building is planned to be LEED-certified, including advanced technology for air quality and reduced consumption of water and electricity. (Reforma, July 6, 2012)
  • Aerospace: Dutch aircraft manufacturer Fokker Aerostructures opened a new production plant in the northern Mexican state of Chihuahua earlier this year.  The facility will initially produce tail sections for business jets. (Fokker Aerostructures, March 20, 2012)
  • Industry: French industrial gas producer Air Liquide will build two new processing facilities in the northern state of Nuevo León, the company announced.  Plans call for a new air separation unit and a steam methane reformer to provide nitrogen and hydrogen to steel manufacturers Ternium and Teniga. (Air Liquide, July 9, 2012)
  • Aerospace: British precision engineering firm JJ Churchill will invest approximately US$9 million to set up a plant to produce gas turbine aerofoils in the northwestern state of Sonora, the company announced.  Initial production will support manufacture of aircraft engines by Rolls-Royce. (The Manufacturer, July 6, 2012)
  • Aerospace: Spanish aerostructures manufacturer Aernnova will invest US$50 million to build a new production plant in Mexico.  The plant will be the company’s third in the state of Querétaro, home to Mexico’s largest aerospace manufacturing cluster.  (El Financiero, July 9, 2012)
  • Automotive: Japanese linear movement component manufacturer THK initiated construction of a new production plant in the central state of Guanajuato.  The US$67 million facility will produce aluminum parts for automotive suspensions. (NAFTA Works, July 2012)
  • Information Technology: Mexican software and information technology services provider Softek will invest US$6 million to expand operating capacity this year, the company reported.  The Monterrey-based company, which offers business process outsourcing, IT infrastructure support and software, projects 2012 growth to exceed last year’s rate of 20%. (El Financiero, July 12, 2012)
  • Aviation: Mexican airline Aeromexico announced its intention to order up to 100 new aircraft from U.S. manufacturer Boeing, at an estimated total cost of US$11 billion.  Aeromexico has gained market share since the grounding of rival Mexicana de Aviación due to financial problems in 2010. (Wall Street Journal, July 25, 2012)
  • Automotive: U.S. contract manufacturer Powin/QFB inaugurated its first Mexico manufacturing facility, built in the northern state of Coahuila at a cost of US$30 million.  The plant is planned to produce metal parts for vehicle maker Daimler Truck. (NAFTA Works, July 2012)
  • Paper: Mexican paper products manufacturer Corporación Scribe will invest US$20 million in a project to produce grass as a source of cellulose for the production of paper, the company announced.  The grass-based cellulose, intended to replace sugar cane bagasse, will be used to manufacture notebooks. (Reforma, July 30, 2012)
  • Retail: Mexican fast food restaurant operator Alsea plans investment of approximately US$450 million in its Latin American operations over the next five years, including US$250 million in Mexico operations.  Alsea manages the retail locations of brands such as Domino’s Pizza, Burger King, Starbucks and P.F. Chang’s in Mexico, among others. (El Financiero, July 23, 2012)

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