Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Amusement parks: U.S.-based amusement park operator Six Flags Entertainment Corp. inaugurated its remodeled water park in the central state of Morelos at a cost of US$18 million, the company reported. Six Flags plans to add hotel facilities and restaurants at the site in the future. (El Financiero, May 31, 2017)
  • Real estate development: Mexican developer Gicsa reported it will invest approximately US$34 million to convert an existing Mexico City shopping center into a mixed-use complex. The repurposed site is planned to include offices, retail space and a hotel. (El Financiero, May 30, 2017)
  • Casual dining: Mexican restaurant chain Toks, part of the Gigante corporate group, is projecting investment of up to US$48 million across its formats. Projects include a new distribution center, remodeling of the Beer Factory and California format casual dining restaurants and a beer bottling operation. (Reforma, May 30, 2017)
  • Cement: Mexican cement producer Elementia is currently carrying out a US$250 million expansion of its production plant in the central state of Hidalgo, the company reported. The upgrade will increase Elementia’s annual cement production capacity in Mexico to 3.5 million tons. (El Financiero, May 29, 2017)
  • Beverage: British drinks multinational Diageo initiated construction of a bottling line for tequila and vodka at its processing plant in the western state of Jalisco, the company reported. The bottling expansion is part of US$400 million in investment planned through 2020. (El Financiero, May 24, 2017)
  • Natural gas: The Mexican subsidiary of Spanish natural gas utility Gas Natural Fenosa is expanding its infrastructure to begin providing service in the municipality of Cadereyta in the northeastern state of Nuevo León, the company reported. Approximately US$7.4 million in investment will support construction of some 125 miles of pipeline for residential, commercial and industrial customers. (El Financiero, May 22, 2017)
  • Gas stations: Mexican gas station operator G500, in alliance with Switzerland-based commodity trading multinational Glencore, reported plans to establish up to 1,400 service stations under its own brand in Mexico. The company, which currently operates Pemex franchise stations, intends to introduce innovations such as loyalty programs, payment by telephone and complementary services on-site. (Reforma, May 19, 2017)
  • Casual dining: Mexico’s leading casual dining franchise operator Alsea reported it is projecting investment of approximately US$18 million to renovate 68 of its El Portón restaurant locations over the next three years. Plans include remodeling of physical space as well as addition of new locations to the chain. (El Universal, May 19, 2017)
  • Gas stations: U.S. oil company Exxon Mobil announced plans to invest approximately US$300 million over 10 years to enter the Mexican gas station market. The first Mobil stations are expected to open in late 2017, with investment targeting fuel logistics, product inventories and marketing, the company reported. (Financial Times, May 17, 2017)
  • Financial services: Mexican insurer Seguros Monterrey New York Life reported it will invest approximately US$100 million in technology over the next four years. New technological tools will be implemented to support client interaction and sales force activities. (Reforma, May 15, 2017)
  • Wind energy: Japanese industrial conglomerate Mitsubishi plans to construct Latin America’s largest wind energy generation plant in the southern Mexican state of Oaxaca, the Oaxacan state government announced. The US$1.2 billion Eolica del Sur site is projected to have generation capacity of 400 Mw. (El Financiero, May 15, 2017)
  • Casual dining: Mexican casual dining chain Sushi Itto plans investment of approximately US$6.3 million to open 12 new locations in Mexico, the United States and Colombia, the company reported. Sushi Itto, which currently operates 155 restaurants, is pursuing an aggressive expansion strategy through franchising both in Mexico and abroad. (El Financiero, May 10, 2017)
  • Logistics: DIY/Home improvement retailer The Home Depot plans to expand its distribution centers in the states of Hidalgo and Nuevo León, the company reported. The US$10 million upgrade will improve the chain’s capacity to receive shipments and distribute products to its 120 stores throughout Mexico. (El Financiero, May 10, 2017)
  • Gas stations: Mexican gasoline service station operator Petro-7 is projecting investment of approximately US$21 million to open up to 30 new locations in the country, the company reported. Petro-7 is upgrading technologies at its new stations as well as at 40 stations it operates under the Pemex brand and is gradually converting to its own brand. (Reforma, May 8, 2017)
  • Casual dining: U.S. restaurant and entertainment chain Dave & Buster’s plans to establish five locations in Mexico through 2022 at a projected cost of approximately US$25 million, the company reported. The new sites will target the country’s top three urban markets, Mexico City, Guadalajara and Monterrey. (Reforma, May 4, 2017)

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