Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Oil rigs: Mexican petroleum marine services provider Marinsa invested approximately US$26 million in two offshore oil drilling platforms in the Gulf of Mexico, the company reported. Marinsa is providing rehabilitation and installation services to national oil company Petróleos Mexicanos (Pemex) for the development of 20 offshore oil fields.  (Reforma, July 31, 2019)
  • Electronics: French automation technology multinational Schneider Electric inaugurated a new “intelligent” production plant in the northeastern state of Nuevo León, the company reported. The US$37 million facility is planned to produce devices such as motor controls, lighting panels and safety switches. (Somos Industria, July 2019)
  • Mining: Canadian-owned Compañía Minera Cuzcatlán plans investment of approximately US$12.8 million at its San José del Progreso mine in the southern state of Oaxaca, the company reported. Resources will principally support extended exploration at the silver and gold producing site. (Reforma, July 25, 2019)
  • Hotels: U.S. hotel operator Choice Hotels reported plans to open seven new hotels in Mexico this year via investment of approximately US$39 million. The new properties will target the business travel market and include locations in the cities of Monterrey, Querétaro, Pachuca, Villahermosa, Hermosillo and Mexico City. (Reforma, July 24, 2019)
  • Aviation: Mexican private aviation services provider Redwings reported plans to establish an aircraft maintenance center in the central state of Querétaro. The US$15.8 million FBO facility will provide specialized aircraft services including painting to regional operators. (Somos Industria, July 2019)
  • Energy: The government of the southeastern state of Yucatán and the Federal Electricity Commission (CFE) announced they will team up to build a new electricity generation plant in the state. The US$250 million combined cycle plant is planned to run on natural gas and diesel and provide an initial installed capacity of 500 MW, with expansion to 1,000 MW in a second phase. (Forbes México, July 15, 2019)
  • Ports: Mexico’s Ministry of Communications and Transport (SCT) together with private investors announced a major expansion of the Port of Manzanillo on the country’s Pacific coast. The US$1.2 billion upgrade is planned to include a new terminal for bulk agricultural cargo, an additional one for bulk minerals and a third for fuel handling, the SCT reported. (Expansión, July 11, 2019)
  • Coatings: U.S. plastic automotive parts manufacturer Jones Plastic & Engineering inaugurated an adjunct processing plant to its injection molding facility in the northern border city of Ciudad Juárez, the company reported. The US$100 million Juarez Painting & Hydrographics plant will provide painting and solvent-based coatings application services to recreational vehicle manufacturers such as BRP. (Juárez a Diario, July 10, 2019)
  • Cosmetics: UK-based cosmetics giant Avon Products inaugurated a new research and development center in the central state of Guanajuato, the company reported. The scientific laboratory is planned to develop 80 products and 100 formulas annually for the Mexican and Central American markets, according to local media. (La Prensa, July 10, 2019)
  • Coatings: German chemicals multinational BASF inaugurated a major expansion of its production plant in the central state of Hidalgo, the company reported. The upgrade, investment for which was not disclosed, will boost output of water-based automotive paints at the site. (Auto Motores Informa, July 9, 2019)
  • Natural gas: U.S.-based gas processor Diversenergy will build a natural gas liquification facility in the northeastern state of Nuevo León, the company reported. The US$20 million plant is planned to produce 30,000 gallons (113,000 liters) per day of liquified gas and include storage capacity of over 100,000 gallons (380,000 liters). (El Heraldo de México, July 8, 2019)
  • Automotive: German electronics and engineering multinational Bosch announced it will establish a new production facility in the central state of Guanajuato. The US$120 million plant will produce electronic components for regional automotive OEMs such as Toyota and Honda. (El Universal, July 6, 2019)
  • Metal stamping: Mexican steel processor Grupo JC plans to establish a steel and aluminum molding plant in the northeastern state of Nuevo León, the company reported. The US$6.5 million site will produce custom molded metal parts for the region’s automotive industry. (El Financiero, June 19, 2019)
  • Ports: Mexico’s Port of Veracruz, on the Gulf of Mexico coast, inaugurated a US$1.8 billion expansion and modernization of its container terminal facilities. A second phase of upgrades is planned to boost the site’s handling capacity to 95 million tons annually. (El Financiero, July 2, 2019)

 

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