Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Logistics: Mexican courier company Estafeta plans investment of approximately US$33 million in 2014 to meet projected double-digit growth in demand, the company reported.  Resources will be assigned to upgrades in operational infrastructure and technology as well as vehicle fleets. (T21, February 27, 2014)
  • Food processing: Mexican processed foods leader Grupo Herdez estimates it will invest US$49 million this year in its Nutrisa health food store chain.  Plans include 50 new retail sites for Nutrisa, which sells health food products and supplements to take away and frozen yogurt to consume on premises. (Reforma, February 27, 2014)
  • Steel: Mexican steel pipe manufacturer Tubacero inaugurated its fourth production plant in the northeastern state of Nuevo León.  The US$90 million site reportedly will produce spiral steel pipe from rolled sheet of up to 96 inches in width. (Reforma, February 26, 2014)
  • Retail: Wal-Mart de México, the country’s largest retailer, plans investment of approxmately US$870 million in Mexico operations in 2014.  Projects include new store openings and renovations to existing stores. (El Financiero, February 25, 2014)
  • Chemicals: German consumer chemical products producer Henkel will invest US$35 million this year to expand production capacity at the company’s plant in the central city of Toluca.  The facility produces products including laundry detergent and hand soap. (El Financiero, February 24, 2014)
  • Automotive: Japanese auto parts maker Alpha Industry inaugurated a new manufacturing plant in the western state of Jalisco.  The US$41 million site will produce chromed door handles for Nissan and Honda OEMs in the region. (La Crónica de Hoy, February 20, 2014)
  • Education: Construction began on a new campus of Arkansas State University in the central state of Querétaro.  The US$100 million project plans to initiate operations in late 2015 with 1,000 students. (Reforma, February 21, 2014)
  • Beverage: Mexican Coca Cola bottler Arca Continental plans investment of approximately US$300 million this year.  Resources will support brand promotion and supply chain operations, despite new legislation increasing taxes on sugary soft drinks. (El Universal, February 20, 2014)
  • Retail: U.S. DIY retailer The Home Depot will open a new store in the southeastern city of Chetumal at a cost of approximately US$16 million, the Quintana Roo state government reported.  The Home Depot currently operates 106 stores throughout 29 Mexican states. (El Financiero, February 17, 2014)
  • Mining: Mexican corporate conglomerate Grupo Bal will invest approximately US$1 billion in 2014 in support of its mining subsidiaries Peñoles y Fresnillo, the company announced.  Projects include a new gold cyanidation plant and new equipment procurement for the Saucito 2 silver, lead and zinc mine in the northern state of Zacatecas. (Reforma, February 19, 2014)
  • Automotive: Italian tire maker Pirelli is projecting investment of approximately US$200 million in Mexico operations through 2017, the company reported.  Resources will help boost production at the company’s production plant in the central state of Guanajuato, which currently produces 5,000 tires per day. (La Opinión, February 16, 2014)
  • Retail: Leading Mexican franchise operator Alsea plans investment of US$150 million in 2014 for maintenance and expansion of its retail locations.  Alsea operates leading fast food and beverage chains including Starbucks, Domino’s Pizza, Burger King, California Pizza Kitchen and others in Mexico. (El Financiero, February 18, 2014)
  • Solar energy: Mexican solar panel producer Solartec plans investment of US$87 million this year for new projects.  Resources are earmarked for a new panel manufacturing facility and construction of a 16 MW solar power generation park in the central state of Guanajuato. (Reforma, February 14, 2014)
  • Food industry: Mexican specialty baker Pays Coronado is projecting it will open up to 79 retail pie stores over the next five years at a cost of approximately US$7.7 million.  The 60 year old company is seeking to target the popular “vintage chic” niche. (Reforma, February 14, 2014)
  • Energy: Spanish energy company Gas Natural Fenosa invested approximately US$1.1 million in infrastructure for providing natural gas for the Ecovía urban transport bus system in the northern city of Monterrey.  The system requires over 635,000 cubic feet of natural gas daily to operate, the company reported. (Notimex, February 13, 2014)
  • Railroads: Mexican rail freight operator Ferrovalle will invest approximately US$17 million this year in upgrades to Mexico operations.  The majority of resources will be applied to intermodal infrastructure and maintenance projects, the company reported. (El Financiero, February 11, 2014)
  • Telecommunications: Mexican telecom giant América Móvil plans investment of up to US$10 billion this year to expand data transmission capacity, the company reported.  América Móvil is Mexico’s largest mobile services provider and operates in 18 countries. (Reforma, February 13, 2014)
  • Airports: Mexico’s federal government and the state government of the southern state of Chiapas inaugurated a new airport at the Palenque archeological zone, built at a cost of approximately US$96 million.  The new airport is expected to boost tourism at the country’s fourth most visited archological site. (Reforma, February 13, 2014)
  • Entertainment: Cinemagic, Mexico’s third largest movie theater chain, will invest US$245 million through 2017 to expand its market presence.  The operator plans to open 70 new complexes during this time, taking its total screens to 350. (El Financiero, February 10, 2014)
  • Poultry: Mexican poultry and egg giant Bachoco plans investment of US$100 millon in 2014, an increase of nearly 70% over last year’s target.  Resources are earmarked for infrastructure maintenance and projects to increase productivity, the company reported. (El Financiero, February 10, 2014)
  • Energy: Spanish energy developer Iberdrola was awarded a contract to construct a combined cycle electricity generation plant in Mexico at a cost of approximately US$550 million.  Iberdrola also will operate and provide maintenance for the 900 MW facility, to begin construction in May 2014. (El País, February 10, 2014)
  • Automotive: U.S.-based TRW Automotive and Mexico’s Grupo Industrial Saltillo will jointly fund the construction of a new manufacturing plant at an as-yet undetermined site in Mexico.  The US$100 million facility is planned to provide nodular iron casting services for the production of brake parts. (Reforma, February 5, 2014)
  • Electronics: South Korean electronics group Samsung inaugurated a new Business-to-Business (B2B) laboratory in Mexico City.  The technology center, the cost of which was not specified, presents the company’s latest technologies in enterprise solutions for sectors inlcuding corporate, finance, hotels, healthcare, education and government. (Revista Fortuna, February 3, 2014)

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