Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: Steel producer Ternium, a subsidiary of Argentinian-Italian industrial conglomerate Techint, plans investment of approximately US$300 million to expand its production facility in the northeastern state of Nuevo León.  Plans under consideration include an additional line of galvanized steel sheet to supply a KIA Motors auto manufacturing plant in development in the state. (Reforma, July 24, 2014)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) will invest approximately US$27 million in construction and remodeling for the international airport at the coastal resort of Acapulco, the company reported. Plans include the demolition and reconstruction of the existing terminal building. (Mexican Business Web, July 25, 2014)
  • Consumer goods: German personal care product manufacturer Beiersdorf inaugurated  a new manufacturing plant in the central state of Guanajuato.  The US$130 million facility, planned to produce lotions and other personal hygiene products, is LEED certified and includes a research center. (El Financiero, July 21, 2014)
  • Retail: Upscale department store operator and shopping center developer Liverpool reported plans to invest approximately US$370 million in Mexico operations over the course of this year.  Projects include opening at least four new department store locations under the Liverpool and Fábricas de Francia brands as well as a shopping mall in the central city of Toluca. (Reforma, July 21, 2014)
  • Automotive: Japanese auto maker Toyota plans investment of US$100 million to launch production of a new model in Mexico in 2015.   Toyota currently manufactures autos at a Mazda plant in the central state of Guanajuato. (Reforma, July 17, 2014)
  • Beverage: U.S.-based Coca-Cola Co. announced it will invest approximately US$8.2 billion in Mexico operations through 2020 in joint projects with its eight local bottlers.  Plans include expansion of production, warehousing, recycling, new technology development and sustainability programs. (Wall Street Journal, July 16, 2014)
  • Retail: Mexican retailer Grupo Famsa invested approximately US$2.3 million to open three new locations in the southeastern sates of Yucatán and Quintana Roo.  Famsa’s stores offer products including furniture, consumer electronics, appliances, motorcycles and other consumer goods. (El Financiero, July 10, 2014)
  • Electronics: Japanese electronics manufacturer Alcom Electronics completed a US$18 million expansion of its production plant in the northeastern state of Tamaulipas.  The site produces automotive electronics for regional OEMs and for export. (La Crónica, July 15, 2014)
  • Logistics: Mexico’s federal Tax Administration Service (SAT) plans investment of approximately US$715 million in Customs infrastructure improvements to facilitate Customs processing, the agency reported.  Projects include expansion of Customs processing centers, addition of express lanes at border crossings and ports, and modernization of processing systems, among others. (La Crónica, July 11, 2014)
  • Automotive: Japanese-owned auto parts manufacturer Nissin Brake de México inaugurated a new manufacturing plant in the central state of Guanajuato.  The US$43 million site will produce brake parts and aluminum pieces for automobiles and motorcycles. (El Sol de León, July 10, 2014)
  • Steel: Mexican steel producer AHMSA signed a contract with a subsidiary of German industrial conglomerate Siemens to construct a vacuum degassing plant in the northeastern state of Nuevo León.  The US$83 million facility reportedly will have capacity to process two million tons of liquid steel per year. (Milenio, July 8, 2014)
  • Construction: Mexican cement producer Cementos Fortaleza inaugurated a new production plant in the central state of Hidalgo.  The company claims its US$330 million facility is the most modern cement plant in Latin America.  (Mexican Business Web, July 8, 2014)
  • Automotive: Japanese automotive component manufacturer Jatco, a subsidiary of Nissan, projects its new production plant currently under construction in the central state of Aguascalientes will open by the end of this year.  The US$220 million facility is planned to produce automatic transmissions for the Nissan auto plant in the same state. (El Financiero, July 7, 2014)
  • Hotels: U.K.-based hotel operator InterContinental Hotels Group (IHG) plans investment of approximately US$400 million in new locations in Mexico over the coming two years, the company reported.  The operator of brands including Holiday Inn, Presidente Intercontinental, Crowne Plaza and others plans 30 new hotels in Mexico by 2016. (Reforma, July 7, 2014)
  • Automotive: German auto parts maker Robert Bosch plans investment of approximately US$546 million in Mexico operations over the coming years, the company reported.  Resources will support projects including a new research and development center and expansion of production capacity, among others. (Reforma, July 3, 2014)
  • Energy: Spanish energy company Gas Natural Fenosa reported that its plans for investment in Mexico operations total approximately US$846 million over the next four years.  Projects include natural gas distribution, combined-cycle electricity generation and 230 MW of wind power generation in the southern state of Oaxaca. (Mexican Business Web, July 2, 2014)
  • Automotive: German auto maker BMW plans investment exceeding US$1 billion to build a new factury in Mexico, according to media reports.  The luxury vehicle manufacturing plant will be located in the northeastern state of San Luís Potosí. (Bloomberg, July 2, 2014)
  • Hotels: U.S. hotel operator Hilton Hotels & Resorts plans to open 20 new properties in Mexico over the coming two years, the firm reported.  New openings will focus on the Gulf of Mexico and the central industrial Bajío region.  The amount of investment was not specified. (El Financiero, July 2, 2014)
  • Glass: Spanish glass maker Vicrila will invest US$37 million to establish a glass factory in the central state of Hidalgo.  The plant is planned to produce glass and tablewear for the North American market. (El Financiero, July 2, 2014)
  • Automotive: Japanese automotive components maker DENSO announced it will expand its manufacturing plant in the northeastern state of Nuevo León at a cost of US$53.8 million.  DENSO also revealed plans to construct an additional US$35 million production facility in the state to produce solenoids for engine and airflow units.  (Automotive World, July 1, 2014)
  • Automotive: Mexican automotive components manufacturer Impersealco plans to spend approximately US$7.7 million to establish a new production facility in the central state of Hidalgo.  The site, to become the company’s third in Mexico, is anticipated to produce plastic parts for passenger buses. (Milenio, June 30, 2014)

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