Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: Mexican steel producer Altos Hornos de México (AHMSA) inaugurated a steel plate normalizing plant in the northern state of Coahuila. The US$140 million facility is expected to process steel for rail tanker cars, marine vessels and other applications requiring hardened steel. (El Tiempo, June 28, 2016)
  • Commercial real estate: Mexican developer GICSA is projecting approximately US$1.6 billion to build 15 shopping centers and mixed-use developments through 2018, the company reported. Projects include luxury sites in resort areas Playa del Carmen and Puerto Vallarta, as well as the Mexico City and Cuernavaca areas. (El Financiero, June 22, 2016)
  • Infrastructure: Canadian investment group Caisse de dépôt et placement du Québec (CDPQ) plans joint investment of US$834.5 million with Mexican investment consortium CKD Infraestructura México to develop infrastructure projects in Mexico, the Mexican government reported. Projects are expected to focus on electricity generation, transmission and distribution. (El Financiero, June 28, 2016)
  • Healthcare: U.S. wellness services provider Cenegenics plans investment of approximately US$10 million over the coming two years to open 10 clinics in Mexico, the company reported. Cenegenics’ program of “age management medicine” targets premium level consumers. (Reforma, June 17, 2016)
  • Aerospace: Spanish aerospace engine and turbine manufacturer ITP plans to expand production capacity at its plant in the central state of Querétaro, the company reported. The US$50 million investment will support design and production of components such as fuselages, radial structures, seals and hydraulic systems. (Reforma, June 20, 2016)
  • Automotive: German auto maker BMW initiated construction on a new manufacturing plant in the northeastern state of San Luís Potosí. The US$1 billion site is expected to produce the company’s 3-series model sedan. (Forbes, June 16, 2016)
  • Natural gas: Korean gas company Korea Gas Corporation (Kogas) will build a major liquid natural gas (LNG) processing plant in the southeast state of Yucatan, Mexico’s National Manufacturing Association (Canacintra) reported. The US$1.5 billion facility is planned to supply LNG to industrial customers such as power plants, the Modelo beer brewery and producers of cardboard, plastics and packaging in the region. (El Financiero, June 15, 2016)
  • Electronics: Japanese-owned electronics producer Contec-Sumitomo opened a manufacturing plant in the northwest state of Sinaloa, the state government reported. The US$2.4 million site is planned to produce electrical harnesses for Toyota automotive production. (El Debate, June 9, 2016)
  • Automotive: German auto parts maker Voss Automotive began construction on a new manufacturing plant in the northern state of Coahuila, the company announced. The US$10 million site will house production of gas, diesel and coolant lines. (El Financiero, June 13, 2016)
  • Die casting: South Korean automotive manufacturer Kodako announced it will establish its first plant outside of Korea in the northern Mexican state of Coahuila. The US$100 million factory is planned to produce die cast aluminum parts for motors and steering, braking and air conditioning systems. (El Financiero, June 2, 2016)
  • Livestock: Mexican corporate group Grupo KUO is planning investment of approximately US$350 million over the next five years to expand its pork operations, the company reported. Key projects will include a latest-generation feed plant, new hog raising facilities and a pork production plant. (El Universal, June 14, 2016)
  • Automotive: French auto parts manufacturer Faurecia inaugurated two new production locations in the northeastern state of San Luís Potosí at an approximate cost of US$80 million, the company reported. The new plants are expected to produce seating and seat frames for regional automotive OEMs. (Periódico Industrial Siglo 21, June 14, 2016)
  • Pharmaceutical: U.S. multinational drug maker Pfizer plans investment of up to US$12 million this year to expand capacity at its production plant in the central state of Toluca, the company reported. Production of pills, ointments and gels will be increased at the facility, which produces Viagra and Advil for export to Latin America. (Reforma, June 2, 2016)
  • Automotive: U.S. automotive wheel manufacturer Prime Wheel plans to expand its production plant in the northern border city of Tijuana, the company reported. The US$60 million expansion is intended to boost production of aluminum wheel rims for export to the United States and South America as well as for sale on the domestic market. (Periódico Industrial Siglo 21, June 6-19, 2016)
  • Animal feed: Mexican corn flour miller and tortilla producer Gruma inaugurated its first animal feed plant in the central state of Tlaxcala. The US$5.7 million site is planned to produce 10,000 tons monthly of feeds for species such as cattle, swine, poultry, sheep and rabbits, among others. (El Universal, June 1, 2016)

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