Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Energy: Spanish energy infrastructure developer Iberdrola announced it has been awarded a contract to construct and operate a combined cycle electricity generation plant in the northwestern state of Sinaloa. The US$400 million plant is projected to have generation capacity of 766 MW. (El Financiero, March 22, 2017)
  • Food processing: Swiss processed foods giant Nestlé plans to invest approximately US$28 million to achieve water savings at its coffee processing plant in the central city of Toluca. Process modifications will include reduction of steam use, improved condensation recovery and the re-use of pre-treated water in industrial services, the company reported. (El Financiero, March 22, 2017)
  • Entertainment: Mexican corporate group Diniz reported it will add six new family entertainment centers under its Recórcholis brand in Mexico this year at a cost of approximately US$12 million. The centers include children’s activities such as games, rides, bowling, ice skating, go karts, miniature golf and others. (Reforma, March 22, 2017)
  • Logistics: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the central state of Hidalgo, the company reported. The US$50 million project will include 10 tanks for gasoline, diesel and biodiesel. (Reforma, March 22, 2017)
  • Retail: Mexican upscale department store operator Liverpool announced it will open 11 new stores in the country during the current year. A planned US$300 million in investment will support new retail locations principally under the company’s Fábricas de Francia brand, in addition to maintenance operations for existing stores. (El Financiero, March 16, 2017)
  • Coffee shops: Mexican casual dining franchise operator Alsea, holder of the Starbucks coffee shop license in Mexico, plans investment of approximately US$40 million to open 100 new locations in the country through 2018. Resources also will support remodeling of existing locations and training of suppliers and staff, the company reported. (El Financiero, March 17, 2017)
  • Retail: Walmart subsidiary Walmart de México y Centroamérica reported plans to invest approximately US$850 million in its Mexico and Central America operations over the next three years. Key areas will include new stores and remodeling of existing stores, as well as upgrades to e-commerce and logistics infrastructure, the company reported. (Reforma, March 15, 2017)
  • Airports: Mexican airport operator Grupo Aeroportuario del Sur (Asur) inaugurated a US$31 million expansion of the international airport in the port city of Veracruz. Additions include increasing the number of boarding gates, check-in desks and baggage carousels and upgrading baggage screening equipment. (El Financiero, March 15, 2017)
  • Solar power: Italian renewable energy developer Enel Green Power is constructing a solar electricity generation plant in the northern state of Coahuila that is projected to become the largest of its type in Latin America. The US$650 million facility has a planned generation capacity of 754 MW. (Reforma, March 30, 2017)
  • Auto parts: S. aftermarket auto parts and accessories retailer AutoZone estimated it will open 40 new retail locations in Mexico over the coming 12 months. The expansion puts the chain on track to reach 531 stores in the country. (El Financiero, March 13, 2017)
  • Casual dining: U.S. casual dining franchise Buffalo Wild Wings plans to open six new restaurants in Mexico this year via investment of approximately US$5 million. New sites are in the works for the northwestern states of Baja California and Sinaloa as well as for the Mexico City area. (El Financiero, March 9, 2017)
  • Pharmacies: Between 700 and 800 new pharmacies are expected to open this year in Mexico, the National Medicine Distributors Association (Anadim) reported. Investment of approximately US$55 million in the new retail locations represents an increase of approximately 10% over the previous year. (Reforma, March 9, 2017)
  • Solar power: Spanish renewable energy developer Acciona Energía initiated construction on a 168 MW solar energy generation plant in the northeastern state of Tamaulipas. The US$221 million site is expected to begin supplying electricity to Mexico’s Federal Electricity Commission (CFE) beginning in late 2018. (El Financiero, March 3, 2017)
  • Banking: Spanish banking group BBVA Bancomer reported plans to invest approximately US$1.5 billion in Mexico over the next five years. Projects will focus on software, big data and artificial intelligence, according to company officials. (El Economista, March 2, 2017)
  • Mining: Mexican mining company Fresnillo, subsidiary of industrial group Industrias Peñoles, plans investment of approximately US$950 million in 2017. Company officials said investment will support principally the expansion of existing mines and also contribute to exploration related to new projects.  Fresnillo seeks to become the world’s largest producer of silver ore. (El Financiero, March 1, 2017)
  • Steel: Italian-Argentinian steel and energy conglomerate Techint announced plans to construct a galvanized steel production plant in the northeastern state of Nuevo León. The US$260 million plant is planned to provide added-value processing for cold rolled sheet steel produced in Monterrey for the automotive and appliance manufacturing industries.  (Forbes, March 2, 2017)
  • Automotive: Mexican automotive components maker Nemak inaugurated a high pressure die casting plant in the northeastern state of Nuevo León. The US$200 million facility is planned to supply vehicle manufacturers in Mexico and the United States with an annual capacity of 2.2 million parts. (El Financiero, March 1, 2017)
  • Energy: Italian-Argentinian steel and energy conglomerate Techint inaugurated a US$1 billion combined-cycle electricity generation plant in the northeastern state of Nuevo León. The large scale project includes a 3 Km. natural gas pipeline connected to a Kinder Morgan transmission line that supplies natural gas from Texas. (El Economista, March 2, 2017)

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