Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Solar power: Italian renewable energy developer Enel Green Power inaugurated a solar energy generation plant in the central state of Guanajuato, the company reported. The US$220 million facility is projected to have a maximum capacity of 238 Mw. (Reforma, May 24, 2018)
  • Pharmacies: Mexican pharmacy chain operator Farmacias del Ahorro plan to open 200 new stores this year, the company reported. Investment was not specified for the expansion, which is expected to focus on the four northwestern states of Baja California, Sonora, Sinaloa and Colima. (Reforma, May 25, 2018)
  • Retail: Mexican department store chain Elektra projects it will open 90 stores in the country this year at a cost of approximately US$203 million. Despite the rapid growth of e-commerce, Elektra has opened 182 new physical sales locations over the past two years. (Forbes en Español, May 22, 2018)
  • Electricity: Mexican energy developer Rengen Energy Solutions plans investment of approximately US$400 million to build electricity generation plants for private industrial operations, the company reported. Plans in development include eight plants for industrial clusters seeking to take advantage of electricity generation by private producers now permitted under Mexico’s recent energy reform. (El Financiero, May 17, 2018)
  • Fuel storage: Private companies are currently undertaking construction of 48 new fuel storage terminals in Mexico via combined investment of approximately US$2.7 billion, Mexico’s Energy Ministry (Sener) reported. The new projects are projected to add 31 million barrels of storage capacity and extend inventories from three to 13 days by 2022. (El Financiero, May 17, 2018)
  • Brewing: Private investors established Mexico’s first barley malting facility intended specifically to supply artisanal beer producers. The US$1.6 million Maltería Mexicana Central Altiplano, in the southeastern state of Puebla opened with a malting capacity of 60 tons annually, which the group plans to expand to 1,000 tons by the end of the year. (Reforma, May 18, 2018)
  • Pork: Mexican industrial conglomerate Grupo KUO inaugurated three new pork processing plants in the southeastern state of Yucatán, the company reported. The US$200 million expansion includes new infrastructure for breeding, feed production and meat processing. (El Financiero, May 18, 2018)
  • Logistics: German logistics multinational DHL is planning to build a new multi-service center in the western state of Jalisco, the company reported. DHL projects the US$10.6 million site will have capacity to move up to 14,000 packages per hour. (Reforma, May 16, 2018)
  • Construction: A group of Mexican and international developers is projecting investment of approximately US$980 million over the next five years to build new residential rental properties, local media reported. The effort is expected to add a combined estimated 13,500 units to the country’s rental stocks.  (El Financiero, May 15, 2018)
  • Wine: Mexican wine producers will invest an estimated US$515 million over the next 15 years once the recently-approved Wine Industry Development Law enters into effect in June, according to the Wine Industry Development Commission (CFIV). Wineries will invest in increased production capacity and marketing with the aim of boosting domestic producers’ share of the Mexican wine market from 30% to 45%.
  • LP Gas: Mexican gas distributor Rivera Gas is completing construction of a storage facility for LP gas in the northwestern state of Baja California. The US$2.4 million project will include tank filling stations and the establishment of new distribution routes. (Forbes, May 8, 2018)
  • Commercial real estate: Mexican real estate developer Thor Urbana projects it will inaugurate three new shopping centers this year currently in development at a combined cost of approximately US$800 million. The developer is positioning the new sites in the cities of Metepec, Guadalajara and Merida as “lifestyle experience” locations which will include upscale entertainment and gastronomy offerings as well as fashionable consumer goods. (El Financiero, May 29, 2018)
  • Solar energy: French energy conglomerate Engie is planning a 2018 inauguration for a solar power generation facility it is currently constructing in the northeastern state of Tamaulipas, the company reported. The US$80 million site is projected to have capacity of 52 Mw. (Reforma, May 9, 2018)
  • Cleaning equipment: Mexican cleaning equipment manufacturer La Reynera inaugurated a new production plant in the northeastern state of Nuevo León, the company reported. The site, for which the amount of investment was not specified, will produce various types of brooms, mops, brushes, buckets, dustpans and related tools for cleaning. (Reforma, May 8, 2018)
  • Beverage: Mexican soft drink bottler FEMSA reported plans to invest approximately US$650 million in Coca Cola bottling operations. Resources will support expansion of  production capacity, improvements to the distribution network and technology, among others. (El Financiero, May 3, 2018)

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