Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Renewable energy: Mexico’s Federal Electricity Commission (CFE) announced a joint investment with the Inter-American Development Bank (IDB) to install renewable energy technologies in Mexico City’s Central de Abasto food distribution center. Projects include the installation of PV solar panels, a biogas-driven electricity generation plant to recycle organic waste and a biodiesel processing facility to convert used cooking oil into automotive diesel. (La Jornada, May 27, 2019)
  • Wind power: Italian renewable energy developer Enel Green Power inaugurated a wind energy park in the northeastern state of Tamaulipas, the company reported. The US$150 million, 103 Mw site is planned to supply clean power to the national Federal Electricity Commission (CFE) for 15 years. (El Financiero, May 21, 2019)
  • Industrial parks: Mexican industrial real estate developer Vesta inaugurated a new industrial park for the automotive industry in the northeastern state of San Luís Potosí. The company plans to add an additional 11 industrial buildings to the site over the next five years at an estimated cost of US$90 million. (Reforma, May 16, 2019)
  • Airlines: Mexican passenger air carrier Aeromexico announced an investment program of US$3 billion over the next six years. The airline plans to acquire 90 new aircraft as well as equipment  and motors, among other upgrades. (Reforma, May 15, 2019)
  • Food processing: U.S.-based food and beverage multinational Pepsico announced US$4 billion in investment plans for Mexico operations through 2020. Projects include a new savory snacks plant in the central state of Guanajuato as well as upgrades in areas such as infrastructure, sustainability programs and community development. (Reforma, May 7, 2019)
  • Natural gas: Canadian-Mexican oil and gas joint venture Pantera Exploración y Producción is projecting investment of US$15.6 million in gas field development this year, the company reported. Resources will cover the drilling of three exploratory wells in the southeastern Gulf state of Tabasco. (Reforma, May 9, 2019)
  • Logistics: Mexican pharmaceutical and personal care products distributor Marzam plans investment of approximately US$6 million through 2021 to upgrade logistics infrastructure and operations, the company reported. Projects will include modernization of the Marzam’s distribution centers as well as replacement of delivery vehicles. (El Financiero, May 15, 2019)
  • Brewing: Mexican brewer Grupo Modelo, subsidiary of Belgium-based brewing multinational Anheuser-Busch InBev, has invested approximately US$80 million in its brewery in the southeastern state of Yucatán over the past two years, the company reported. The capital injection has allowed the plant to boost production to approximately 185 million gallons (7 million hl) annually, of which 80% is exported. (El Financiero, May 13, 2019)
  • Energy: Spanish energy multinational Iberdrola announced plans to develop five electricity generation plants in Mexico through 2020 via investment of approximately US$1.3 billion. Projects include two cogeneration plants, two wind parks and one combined cycle facility. (El Financiero, May 7, 2019)
  • Logistics: Mexico’s leading retailer Walmart de México opened a new distribution center in the western city of Guadalajara, the company reported. The US$10 million site will support electronic commerce operations in 11 central and northern states. (El Financiero, May 7, 2019)
  • Pharmaceutical: Mexican drug maker GenommaLab reported plans to invest approximately US$100 million to build two new production plants this year. The two sites are intended to produce over-the-counter (OTC) medications and personal care products, such as health drinks and shampoos. (El Financiero, May 6, 2019)
  • Automotive: Mexican auto parts manufacturer Nemak began construction of a new manufacturing plant in the northeastern state of Nuevo León, the company reported. The US$25 million site will produce parts for batteries designed exclusively for fully electric vehicles. (Reforma, May 6, 2019)

 

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