Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pork: U.S.-Mexican pork producer Granjas Carroll de Mexico inaugurated a large pork processing plant in the southern state of Puebla, the company reported. The US$145 million facility is equipped with eight biodigesters to produce clean energy and has processing capacity of 600 hogs per hour. (El Financiero, February 21, 2019)
  • Chemicals: Netherlands-based chemicals maker Nouryon reported it will expand its manufacturing plant in the central State of Mexico. The US$17 million upgrade will allow the site to increase production of organic peroxides used in the manufacture of PVC and other plastics. (El Financiero, February 19, 2019)
  • Automotive: German automotive components manufacturer Preh inaugurated a new pre-production plant in the northeastern city of Nuevo León, the company reported. The US$7.4 million facility will allow Preh to expand production capacity for products such as dashboard electronics, climate control, audio and navigation systems. (Zócalo, February 15, 2019)
  • Telecommunications: Mexican telecommunications multinational América Móvil reported plans to invest approximately US$8.5 billion this year across operations. Resources will support expansion of wireless coverage, data transmission capacity and 5G technology. (El Financiero, February 14, 2019)
  • Mining: UK and Mexico-based mining company Fresnillo reported investment plans totaling approximately US$1.98 billion to support operations in Mexico over the next three years. Plans include acceleration of silver and gold extraction as well as the expansion of the company’s pyrites plant in the northern state of Zacatecas. (El Financiero, February 27, 2019)
  • Retail: Mexican retail operator Grupo Famsa plans investment of approximately US$10 million in the current year to boost sales, the company reported. In addition to opening a small number of new stores, Famsa plans to expand non-store sales channels such as door-to-door, internet and payroll deduction programs. (Reforma, February 26, 2019)
  • Casual dining: French bakery and casual dining chain Maison Kayser is projecting approximately US$3.7 million in investment to expand its footprint in Mexico this year, the company reported. Plans include up to seven new locations, including the chain’s first branches outside Mexico City. (El Financiero, February 19, 2019)
  • Industrial technology: Mexican industrial conglomerate Grupo México reported plans to invest approximately US$5.8 billion over the next two years to support its mining and railroad operations. Projects will include technology upgrades for automatic signaling, efficiency improvements, increased mining production capacity and various areas of infrastructure. (El Financiero, February 12, 2019)
  • Retail: Mexican commercial real estate developer Gicsa will lead an investment group in constructing a large scale shopping center in the southeastern resort city of Cancun, the company reported. The US$310 million Grand Outlet Riviera Maya will be based on the malltertainment concept and include entertainment options such as an indoor ice skating rink. (El Financiero, February 26, 2019)
  • Logistics: U.S. home appliance manufacturer Whirlpool plans to establish a distribution center at an industrial park currently under construction in the northeastern state of Nuevo León, the company reported. The US$33 million site will serve as a base for distributing Whirlpool products throughout Mexico and to other parts of Latin America. (Reforma, February 8, 2019)
  • Aerial tram: The Mexico City municipal government announced it will construct two lines of aerial tram in the city at a projected cost of approximately US$158 million. The “Cable Bus” system is intended to connect higher elevation low-income neighborhoods with the city’s principal public transport lines. (El Financiero, February 7, 2019)
  • Hotels: Mexican hotel operator Grupo Las Brisas is projecting approximately US$106 million in investment to establish three new hotels in Mexico, the company reported. The group plans one new development in Monterrey and two in Mexico City, which will also include one convention center and one shopping mall. (El Financiero, February 6, 2019)
  • Industrial parks: Mexican industrial real estate developer Vesta is projecting 2019 investment of approximately US$125 million in new industrial buildings in Mexico, the company reported. Plans include an estimated 3 million square feet of space, principally in the central Bajío region. (El Financiero, January 29, 2019)
  • Aquarium: Mexican developer Kingu Mexicana will co-invest with federal and state agencies to build a US$75 million aquarium in the northwest Pacific coast city of Mazatlán, the company announced. The aquarium is part of a larger project to upgrade tourism infrastructure in the popular port city. (Reforma, February 5, 2019)
  • Commercial real estate: Portuguese industrial conglomerate Mota-Engil is leading a major development project for the fast-growing coastal region of the northwestern state of Nayarit, the company reported. The US$1.8 billion complex is planned to include seaside residential properties, luxury hotels and golf courses. (El Financiero, February 21, 2019)
  • Industrial parks: Mexican industrial and retail property developer FIBRA Macquarie initiated construction of a new industrial complex in the northern state of Chihuahua. The US$19 million site is planned to include two buildings of approximately 215,000 square feet each. (El Financiero, January 31, 2019)

 

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