Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Wind power: Spanish energy developer Iberdrola is planning to build four new wind energy generation plants in the southern state of Puebla via combined investment of US$2 billion, the company reported. Iberdrola recently inaugurated a 66 Mw wind power plant in the same state at a cost of US$130 million. (Reforma, November 26, 2015)
  • Food processing: Mexican dairy products producer Cremería Americana and Austrian baking ingredients producer Backaldrin jointly installed a new plant in the central State of Mexico at a cost of approximately US$2.3 million.   The facility is expected to produce specialized flours for local and regional industrial bakers such as Mexico’s Bimbo. (El Financiero, November 24, 2015)
  • Transportation: U.S.-Mexican joint venture Otay Tijuana Ventures is nearing completion of a new border-crossing facility between the cities of Tijuana, Mexico and San Diego, United States. The US$120 million binational bridge linked to the Tijuana airport is expected to include retail space and significantly reduce border crossing time for travelers. (El Financiero, November 25, 2015)
  • Automotive: South Korean auto maker Kia Motors announced it has completed construction on a state-of-the-art manufacturing complex in the northeastern state of Nuevo León. The US$3 billion plant is composed primarily of stamping, body welding, paint and assembly modules. (Automotive Fleet, November 24, 2015)
  • Biotechnology: Mexican pharmaceutical manufacturer Liomont plans to construct a new production plant in the central State of Mexico at a cost of “several million dollars,” the company reported. The site is projected to begin producing biopharmaceuticals to treat chronic degenerative diseases in 2017. (Reforma, November 23, 2015)
  • Pet supplies: +Kota, a Mexican retailer of pets and related supplies and accessories, plans investment of approximately US$1.2 million to open 63 new sales locations in Mexico. The mix of company-owned and franchised new stores will target currently underserved regions in the country’s north and southeast. (El Financiero, November 27, 2015)
  • Wind power: Mexican mining firm Peñoles and Spanish renewable energy developer EDP Renováveis announced they will jointly construct a wind power generation park in the northern state of Coahuila via investment in excess of US$300 million. The facility is projected to have installed capacity of 200 MW. (El Economista, November 18, 2015)
  • Retail: Mexican opticians Ópticas Devlyn plans to open up to 50 new retail locations in the country in 2016, the company reported. Strong demand for fashion eyewear is driving the increased expansion for Devlyn, which did not specify the amount of investment projected. (El Financiero, November 23, 2015)
  • Natural gas: A joint venture formed by energy infrastructure developers Howard Midstream Energy Partners (USA) and Grupo Clisa (Mexico) plans investment of up to US$800 million to construct a pipeline to deliver natural gas to the northeastern state of Nuevo León. The pipeline is projected to have the capacity to transport 504 million cubic feet of gas per day. (El Financiero, November 12, 2015)
  • Wind power: Mexican concrete tower engineering specialists Postensa reported they will participate in the development of three wind energy generation sites in Mexico via investment of US$360 million. The company will supply towers of over 100 meters (328 ft.) in height for the generation turbines. (El Financiero, November 18, 2015)
  • Automotive: German automotive components manufacturer Continental Automotive plans investment of approximately US$95 million to establish a manufacturing plant in the northeastern state of San Luís Potosí, the state government reported. The site is expected to produce brake calipers. (CNNExpansión, November 9, 2015)
  • Transport: Mexican fleet leasing leader TIP de México projects investment of US$105 million in 2016 to support expansion in the country. Plans include increases in the company’s offerings of light and heavy trucks. (Reforma, November 25, 2015)
  • Natural gas: Canadian energy infrastructure developer TransCanada projects investment of approximately US$3.1 billion in investment in Mexico projects through 2018, the company reported. Projects include construction of 1,900 Km (1,180 miles) of natural gas pipeline in the country. (Reforma, November 13, 2015)
  • Automotive: Canadian auto parts manufacturer Magna International inaugurated a new production plant in the northern state of Coahuila, the state government reported. Total investment was not specified for the site, which will cut and sew textiles for automotive interiors. Magna now operates 28 production locations in Mexico. (Milenio, November 24, 2015)
  • Electronics: Japanese electronics manufacturer Pioneer revealed plans to establish a new manufacturing plant in Mexico’s central Bajío region. The amount of investment was not specified for the site, which is expected to produce entertainment systems for regional automotive OEMs. (CNN Expansión, November 9, 2015)
  • Natural gas: French utility multinational ENGIE plans to establish a natural gas distribution site for vehicular use in the southeastern state of Campeche at a cost of US$3 million. The company is seeking to expand its participation in Mexico’s natural and compressed gas market. (El Financiero, November 10, 2015)
  • Automotive: U.S. automotive components manufacturer Gentherm will build a new production facility in the central state of Guanajuato, the company revealed. The new plant, for which the amount of investment was not specified, is expected to produce automobile seat heating systems. (Manufactura, November 6, 2015)
  • Funeral homes: Mexican funeral services provider Grupo Gayosso is projecting investment of approximately US$6 million annually over the coming five years in upgrades to meet growing demand. Plans include the construction of state-of-the-art interment sites and advanced technology funeral homes. (El Financiero, November 9, 2015)
  • Real estate: Mexican commercial real estate developer Fibra Danhos plans to build a major new commercial complex in the southern city of Puebla, the company reported. The US$235 million site is planned to include a shopping mall, hotel and office building. (El Financiero, November 4, 2015)
  • Automotive: German auto maker Audi announced its new manufacturing plant currently under construction in the southern state of Puebla will begin operating in 2016. The company is projecting total investment of over US$900 million in the factory, which is expected to produce the next generation of crossover compact model Q5. (Reforma, November 3, 2015)

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