Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Motorcycles: Italian vehicle maker Piaggio plans to introduce its Vespa brand of scooters in the Mexican market. The company will invest US$3 million to open seven Vespa agencies in the coming months in conjunction with Mexican distributor Grupo Zapata, the latter company reported. (El Financiero, November 30, 2016)
  • Retail: Mexican developers Thor Urbana and Grupo Orlegi announced plans to build a major shopping center complex in the northern state of Coahuila. The US$90 million site will be constructed as an adjunct to the soccer stadium home to the popular Santos Laguna club of the Mexican soccer league. (El Financiero, November 30, 2016)
  • Hotels: Mexican hotel operator Grupo Posadas inaugurated three new hotels in the northeastern city of Monterrey at a cost of approximately US$60 million, the company reported. The new properties are designed with aspects specifically targeting the millennial market, according to Posadas. (El Financiero, November 25, 2016)
  • Wind power: Unnamed investors will finance the construction of a 40MW wind energy generation plant in the central state of Querétaro, the state government announced. The US$40 million project is planned to include 40 generation turbines. (El Financiero, November 25, 2016)
  • Construction materials: Mexican flooring manufacturer Interceramic initiated construction on a new production plant in the central state of Guanajuato. The US$80 million factory will become the company’s 10th in Mexico. (Obras Web, November 25, 2016)
  • Biofuel: Mexican engineering firm Soluciones en Ingeniería Naval Marina y Terrestre has obtained a permit to construct a biofuel refinery in the eastern state of Veracruz, the Ministry of Environment and Natural Resources (Semarnat) reported. The cost was not specified for the new facility, which is planned to produce 120 million liters annually of ETI01 ethanol. (El Financiero, November 25, 2016)
  • Commercial real estate: Mexican commercial real estate developer Mexico Retail Properties (MRP) announced plans to build the largest shopping center in the country’s central Bajío region. The mall will form part of a US$400 million complex projected to include office space and luxury residential units. (El Financiero, November 24, 2016)
  • Retail: U.S. grocery and general merchandise retailer Walmart announced it will invest approximately US$1 billion in Mexico operations through 2024. Plans focus on upgrading the chain’s logistics infrastructure and opening new stores with the goal of doubling Walmart’s presence in the country over the next eight years. (Reforma, November 17, 2016)
  • Mining: Canadian mine operator Argonaut Gold initiated construction of its new San Agustín mine in the northern state of Durango. The US$90 million facility is planned to produce gold and silver beginning in 2017. (El Financiero, November 22, 2016)
  • Tourism: Mexican adventure park operator Grupo Xcaret plans investment of approximately US$1.7 billion over the next 12 years to build five guest accommodation centers near its flagship theme part in the southeastern state of Quintana Roo. The first phase of the project is planned to include a hotel, convention center and stadium for shows. (El Financiero, November 22, 2016)
  • Automotive: Japanese auto maker Toyota began construction on a new manufacturing plant in the central state of Guanajuato, the National Autoparts Industry organization reported. The projected US$1 billion facility is planned to produce the company’s Corolla compact auto beginning in 2019. (Forbes, November 15, 2016)
  • Energy: Spanish energy infrastructure developer Iberdrola inaugurated a combined-cycle electricity generation plant in the northeastern state of Nuevo León, the state government reported. The US$274 million plant will add 300 MW of capacity to a previously existing generator at the same site.  (Reforma, November 9, 2016)
  • Mining: Canadian mining company Torex Gold reported it is building a copper processing plant in the southern state of Guerrero. The US$25 million sulfidization, acidification, recycling and thickening (SART) plant is planned to begin operations by the end of 2017. (Bnamericas, November 4, 2016)
  • Pharmaceutical: Swiss pharmaceuticals maker Novartis plans investment of approximately US$50 million in Mexico beginning in 2017, the company reported. An important part of the investment will support clinical trials of new products. (El Economista, November 4, 2016)
  • Manufacturing: Swiss power and automation technology developer ABB announced it will invest US$10 million to support its operations in the northeastern state of San Luís Potosí. Projects include expanding manufacturing operations and establishing a new service center. (La Jornada San Luís, November 4, 2016)
  • Metal forming: Mexican metal forging company Frisa inaugurated a new steel plant in the northeastern state of Nuevo León, the company reported. The US$150 million site will produce specialty steels for use in the manufacture of forged pieces for the aerospace, petroleum, automotive and heavy machinery industries. (Reforma, November 3, 2016)

Leave a Reply

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