Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Industrial parks: Mexican industrial real estate developer Grupo Lintel reported it will invest US$200 million to construct three new industrial parks in the central state of Guanajuato. The new parks are aimed at attracting suppliers to automotive OEMs such as BMW and Toyota. (El Financiero, October 30, 2015)
  • Wind power: Italian renewable energy developer Enel Green Power is preparing to construct a wind power generation park in the western state of Jalisco, the company reported. The US$250 million plant will include 43 wind turbines for generation capacity of 129 Mw. (El Financiero, October 28, 2015)
  • Food processing: Mexican corn flour and tortilla producer Gruma plans investment of approximately US$300 million in 2016, the company reported. The multinational is currently upgrading technology and expanding capacity at various of its plants in Mexico and abroad. (El Financiero, October 26, 2015)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro del Norte (OMA) plans investment of approximately US$265 million over the coming five years, the company reported. OMA operates the airports at the cities of Monterrey, Acapulco and Mazatlán, among others. (Reforma, October 28, 2015)
  • Automotive: South Korean auto maker Hyundai began construction on a new production plant in the northwest state of Baja California, the state government reported. The US$80 million site is planned to produce chassis for tractor-trailers. (Zeta, October 27, 2015)
  • Retail: U.S. home décor and housewares retailer Williams Sonoma is in the process of entering the Mexican market, the company reported. Mexican upscale department store chain Liverpool plans investment of approximately US$60 million to open and operate the brand’s first 13 stores in the country. (Reforma, October 22, 2015)
  • Petrochemicals: Mexican chemical giant Mexichem announced it will increase investment in its Pajaritos petrochemical plant by approximately US$70 million beyond the US$200 million reported earlier this year. Resources will support expansion of vinyl chloride production capacity at the facility in the Gulf state of Veracruz. (El Financiero, October 20, 2015)
  • Construction: Spanish construction and engineering multinational OHL is projecting investment of approximately US$175 million in 2016 for construction of the Atizapán-Atlacomulco highway in the central State of Mexico, the company reported. The project had been slowed by delays in acquiring the necessary easements. (El Financiero, October 19, 2015)
  • Retail: Leading Mexican upscale department store chain Palacio de Hierro will reopen its flagship Mexico City store next month following a lengthy US$300 million renovation and expansion. Upgrades include a 1,500 meter terrace for the gourmet foods area. (Reforma, October 20, 2015)
  • Automotive: Italian automotive components maker Grupo Olsa plans a new manufacturing plant in the central state of Queretaro. The US$50 million facility is expected to produce tail lighting for clients such as Nissan, Honda and Chrysler. (Maquila Portal, October 21, 2015)
  • Automotive: German automotive components manufacturer Boysen plans to establish a production plant in Mexico in 2016, the company reported. The amount of investment was not specified for the plant, which is planned to produce emissions control systems for clients such as BMW, Audi and Mercedes Benz. (Reforma, October 20, 2015)
  • Manufacturing: Danish toymaker Lego plans a major expansion to its production plant in the northeastern state of Nuevo León, according to media reports. The US$800 million project would nearly double the company’s current manufacturing space at the site. (Reforma, October 15, 2015)
  • Solar power: Chinese renewable energy developer Risen Energy plans investment of approximately US$888 million to construct a solar power complex in the northern state of Durango, the company reported. Project plans include a PV electricity generation facility, a solar panel manufacturing plant and energy transmission infrastructure. (Reforma, October 12, 2015)
  • Petrochemicals: Mexican diversified industrial conglomerate Grupo Alfa will build two new spherical polypropylene storage tanks at its resin manufacturing plant in the Gulf port municipality of Altamira. the US$30 million expansion will allow Alfa’s Indelpro plant to double production capacity in two years, the company reported. (El Financiero, October 8, 2015)
  • Security: Brazil-based security technology firm ProRescue will open a manufacturing facility in Mexico next year at a cost of US$3.5 million, the company reported. The production site is expected to produce tire inserts for armored vehicles. (Maquila Portal, October 7, 2015)
  • Automotive: U.S. automotive components manufacturer Lear Corp. will establish a new production plant in the northern state of Zacatecas. The US$13.4 million site is planned initially to produce coverings for vehicle seating. (El Financiero, October 2, 2015)
  • Construction: Mexican engineering and construction firm Grupo Hosto has been tapped to build four new plants to support refining operations for national oil company Petróleos Mexicanos (Pemex) over the next four years, the company reported. The US$300 million undertaking will include a water treatment plant and specialized transportation lines. (El Financiero, October 1, 2015)

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