Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Wind power: Spanish energy infrastructure developer Iberdrola plans to triple the capacity of a wind power generation park it operates in the southern state of Puebla, the company reported. The US$290 million expansion is planned to include 51 new 2.6 Mw turbines and supply electricity for Grupo Modelo beer brewing operations. (El Financiero, August 31, 2018)
  • Retail: Mexican commercial real estate developer Gicsa plans to inaugurate three new retail and entertainment complexes this year under the concept “malltertainment.” The sites will include shopping, restaurants and entertainment offerings and are intended to serve as tourist attractions in the cities of Mérida, Puebla and Querétaro. (El Financiero, August 29, 2018)
  • Logistics: German logistics multinational DHL reported it will conclude a US$80 million investment program in Mexico this year, a record high for the company in this market. Projects include adding 605 new vehicles to DHL’s Mexico delivery fleet, as well as 100 additional sales locations and two new service centers. (Reforma, August 30, 2018)
  • Commercial real estate: Private real estate developers are preparing to launch construction of three new shopping malls this year in Mexico via total investment of over US$850 million.  The cities of Guadalajara, Mérida and Metepec will host the new retail developments, which in some cases will include office space and residential complexes. (Reforma, August 27, 2018)
  • Leisure: Mexican multinational children’s entertainment center operator KidZania reported it will invest approximately US$24 million to build new locations and upgrade existing ones. Key upgrades include equipping KidZania centers with “internet of things” technologies. (El Financiero, August 22, 2018)
  • Retail: U.S.-based big box grocery and general merchandise retailer Costco inaugurated a new location in the southeastern state of Tabasco, the company reported. The US$48 million site – Costco’s 39th store in Mexico – includes a branded gas station on-site. (El Financiero, August 23, 2018)
  • Medical equipment: Mexican hospital group Médica Sur plans investment of approximately US$53 million over the coming year to upgrade medical care technology. Resources are expected to support modernizing surgery rooms and upgrading imaging and diagnostic equipment. (Reforma, August 20, 2018)
  • Natural gas: U.S. energy infrastructure developer New Fortress Energy (NFE) will construct and operate a terminal for the importation of Liquid Natural Gas (LNG) in the northwestern state of Baja California Sur. The US$184 million project is planned to enter into operation in 2020. (Reforma, August 17, 2018)
  • Electronics: U.S. manufacturing services company Jabil Circuit plans to open a new services center in the western state of Jalisco, the company reported. The US$35 million site is expected to provide services including integrated design and manufacturing of electronic components for industries such as telecommunications, network infrastructure, health and others. (Reforma, August 16, 2018)
  • Retail: Mexican grocery and general merchandise retailer Chedraui reported plans to invest approximately US$207 million this year to expand sales in Mexico. Key projects include upgrades and expansion of the company’s on-line sales platform with the goal of reaching 1% of total sales via e-commerce. (Reforma, August 15, 2018)
  • Cement: Mexican cement producer Elementia reported it will establish a new cement mill in the southeastern state of Yucatan. The US$30 million facility is planned to produce approximately 250,000 tons of cement annually in its initial phase for the company’s Fortaleza brand. (Milenio, August 14, 2018)
  • Automotive: Mexican passenger bus manufacturer Ayco plans to open a new production plant this month in the central State of Mexico, the company reported. The new site is planned to produce approximately four to five light inter-city passenger vehicles per day in its initial phase. (Revista Transportes y Turismo, August 9, 2018)
  • Passenger trains: Mexican President-elect Andrés Manuel López Obrador (AMLO) announced that his administration plans to construct a major passenger rail line in the southeastern Yucatan Peninsula region. The US$7.9 billion project calls for 1,500 km (932 miles) of track linking the cities of Cancún, Mérida and Campeche with the tourist archeological zone of Palenque. (El Financiero, August 14, 2018)
  • Wind power: Spanish renewable energy developer Acciona Energía inaugurated a 424Mw wind electricity generation park in the northeastern state of Tamaulipas. The US$600 million site, to be operated by Mexican renewable power company Zuma Energía, includes 123 turbines and is the fifth wind power plant in the state. (El Financiero, August 13, 2018)
  • Automotive: Canadian automotive components maker Martinrea inaugurated a new manufacturing plant in the central state of Guanajuato, the company reported. The US$30 million facility will produce metal parts such as engine cradles, control arms, steering axles, bumpers and roof and window parts. (Mexico Industry News, August 2018 edition)

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