Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Cement: Mexican cement producer Elementia plans investment of approximately US$200 million this year in various operations including its plant in the central state of Hidalgo. Resources will support plant expansion and maintenance activities. (Reforma, February 25, 2016)
  • Aluminum: Mexico’s Grupo Vasconia industrial group will invest approximately US$14 million this year to expand its aluminum production capacity in Mexico, the company reported. Vasconia seeks to double production volume over the next five years to supply the domestic automotive industry. (El Financiero, February 22, 2016)
  • Packaging: U.S. jar and can maker Ball Corp. inaugurated a new manufacturing plant in the northeastern state of Nuevo León. The plant is expected to produce principally metal containers for beverage and food products. (El Financiero, February 24, 2016)
  • Electricity: Spanish renewable energy developer Acciona is projecting investment of approximately US$500 million through 2020 in clean energy projects under Mexico’s electricity sector reform. The company is evaluating generation projects using wind, solar and other renewable energy sources. (Reforma, February 25, 2016)
  • Dairy: Mexican dairy products producer Grupo Lala announced plans to establish a milk production plant in the northwestern state of Sonora. The US$19 million site would become the company’s 24th production facility in the country. (Reforma, February 22, 2016)
  • Real estate: Chilean developer Crystal Lagoons plans investment of approximately US$10 billion in 50 projects in Mexico over the coming years, the company reported. Developments in the works include hotels and residential complexes centered around the company’s signature sustainable artificial lagoons. (El Financiero, February 24, 2016)
  • Automotive: German electronics and engineering multinational Bosch inaugurated a US$160 million expansion of its automotive components manufacturing plant in the northern city of Ciudad Juárez. The facility produces electronic components for automobiles. (La Opción de Chihuahua, February 9, 2016)
  • Retail: Mexican grocery and general merchandise retailer Comercial Mexicana is projecting investment of approximately US$53 million this year to open new stores under its upmarket Fresko brand. Additional funds are earmarked for establishing new upscale City Market grocery stores and remodeling sales locations in the chain’s other format, the company reported. (Reforma, February 18, 2016)
  • Aerospace: Labinal Power Systems, a subsidiary of French aerospace manufacturer Safran, inaugurated a new production plant in the northern state of Chihuahua. The US$20 million site is planned to produce electrical harnesses for aircraft. (El Heraldo de Chihuahua, February 13, 2016)
  • Railroad: The Mexican subsidiary of U.S. rail freight operator Kansas City Southern plans investment of approximately US$154 million in Mexico operations in 2016, the company reported. Plans include major renovations of wood and concrete ties, upgrades to 122 kilometers of high capacity track and extensive locomotive maintenance. (El Financiero, February 12, 2016)
  • Amusement parks: U.S.-based amusement park operator Six Flags Entertainment Corp. announced plans to remodel and re-inaugurate a water park in the central state of Morelos. The cost of the upgrade is estimated at US$15 – 18 million. (El Financiero, February 23, 2016)
  • Automotive: Mexican automotive components maker Nemak will invest approximately US$182.5 million in Mexico operations this year, the company reported. Plans include the construction of a new machining plant for metal parts in the northeastern state of Nuevo León. (Reforma, February 16, 2016)
  • Pharmaceutical: Mexican personal care products manufacturer Grisi plans outlays of approximately US$5.3 million this year in operational upgrades. The maker of hair and skin care products will invest in a new distribution center and machinery upgrades. (El Financiero, February 4, 2016)
  • Hotels: French hotel operator AccorHotels initiated construction of a US$137 million luxury hotel in central Mexico City under the Sofitel brand. The development will become the company’s first five-star property in the city. (Inmobiliare Latam, February 10, 2016)
  • Real estate: U.S. upscale real estate developer Related Group is projecting investment of approximately US$500 million in Mexico properties, the company reported. Planned projects include five hotels and two luxury residential developments. (Reforma, February 8, 2016)
  • Pharmaceutical: Mexican drug maker Neolpharma inaugurated a production site in Mexico City this month at a cost of approximately US$40 million. The company plans to duplicate its production of generics for export to the United States. (Reforma, February 4, 2016)
  • Electricity: French electricity and automation corporate group Schneider Electric anticipates US$17.3 million in investment in its Mexico operations this year, the company reported. Upcoming initiatives include a new service center and manufacturing plant in the Mexico City area to produce automation and electricity management equipment as the country opens up its energy sector to private companies. (Reforma, February 4, 2016)
  • Casual dining: U.S. casual dining chain TGI Friday’s plans to open six new restaurants in Mexico at cost of approximately US$6 million, the company reported. TGI Friday’s imports approximately 30 – 35% of the supplies used at its Mexico restaurants. (El Financiero, February 3, 2016)
  • Pharmaceutical: Mexican pharmaceutical laboratory Chinoin plans investment of approximately US$40 million to expand operations over the next three years, the company reported. Projects include the development of new veterinarian medications. (Reforma, February 2, 2016)

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