Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Brewing: Mexican brewer Cuauhtémoc Moctezuma, subsidiary of Dutch beer giant Heineken International, inaugurated a new can production line and distribution center at its plant in the western state of Jalisco. The US$38 million expansion will allow the operation to produce six different sizes of cans and 43 different packaging presentations, the company reported. (El Financiero, August 31, 2016)
  • Energy: Mexico geothermal energy developer Grupo Enal plans investment of approximately US$300 million to develop geothermal energy generation sites in the states of Baja California and Guanajuato, the company reported. Enal plans exploration activities in support of the developments over the next two years. (Reforma, August 31, 2016)
  • Automotive: U.S.-based diversified manufacturing multinational 3M inaugurated a new research and development center in Mexico City, the company reported. The US$1 million facility is intended to develop custom solutions for the company’s 200 clients in the Mexican automotive supply chain as well as OEMs. (El financiero, August 19, 2016)
  • Education: Spain-based English language school Kids & Us plans aggressive expansion in Mexico, the company reported. The chain currently operates six learning centers in Mexico and plans to boost that number to 250 over the next 10 years. (El Financiero, August 16, 2016)
  • Food processing: Mexican food products manufacturer La Moderna is nearing completion of a new production facility in the northern state of Coahuila, the company reported. The US$4 million plant will become the company’s fifth in Mexico and is projected to produce wheat-based pastas. (El Financiero, August 15, 2016)
  • Airlines: Mexican air carrier Aeromexico reported plans to invest up to US$50 million over the next five years to improve its digital platform. Upgrade targets include the company’s web site, ticket sales, airport kiosks and apps for Apple watch, among others. (El Financiero, August 17, 2016)
  • Hotels: UK-based hotel operator InterContinental Hotels Group (IHG) plans to establish 23 new hotels in Mexico through 2018, the company reported. The US$230 million investment will target demand growth in the country’s central Bajío region driven by the automotive and aerospace industries. (El Financiero, August 10, 2016)
  • Automotive: Mexican automotive components manufacturer Metalsa is projecting investment of approximately US$320 million in 2016 and 2017, ratings agency Standard & Poor’s reported. The vehicle chassis maker plans to expand production in the face of healthy North American demand. (Reforma, August 9, 2016)
  • Food processing: U.S. fruit and vegetable producer Fresh Del Monte Produce Inc. is currently building the largest and most modern avocado packing plant in Mexico, the company reported. Total cost was not specified for the project, which is expected to be completed by the end of 2017. (Reforma, August 8, 2016)
  • Fuel storage: A consortium formed by Canadian energy infrastructure developer TransCanada, Mexican oil and gas company Sierra Oil and Gas and Mexican logistics firm Grupo TMM plans investment of US$800 million in fuel infrastructure in Mexico, various media reported. Plans include a marine terminal in the Gulf state of Veracruz with infrastructure for storage and distribution of gasoline, diesel and aviation fuel. (Reforma, August 3, 2016)
  • Mining: Mexican mining company Fresnillo, a subsidiary of the Peñoles industrial group, is projecting investment of approximately US$1.9 billion through 2018, the company reported. Projects include a pyrites plant for the processing of tailings and expansion of production at the company’s Centauro gold mine, among others. (El Financiero, August 3, 2016)
  • Biotechnology: Mexican pharmaceutical manufacturer Neolpharma is investing US$20 million to upgrade production capabilities, the company reported. The company plans to begin producing biosimilars next year, following the design, construction and equipping of new facilities. (Reforma, July 18, 2016)
  • Tourism: Mexican corporate group Grupo Autofin reported plans to invest US$1 billion in real estate developments in the Pacific coast resort city of Acapulco over the next seven years. Plans reportedly include new hotels and a theme park. (Forbes México, August 1, 2016)
  • Medical devices: Iceland-based Össur, a maker of non-invasive orthopedic equipment, plans a US$8 million upgrade to improve capabilities at its manufacturing plant in the northern border city of Tijuana, the company reported. Resources will support installation of CNC machinery to increase the precision of the devices produced at the site. Siglo 21 Periódico Industrial, August 1, 2016)

Leave a Reply

Your email address will not be published. Required fields are marked *