Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Recycling: Mexican beverage bottler and retail group Fomento Económico Mexicano (FEMSA) inaugurated a US$1 million recycling plant in the central state of Querétaro, local media reported. The facility will be used to break down obsolete refrigeration equipment to re-use components as well as dispose of materials in an environmentally responsible manner. (El Mexicano, November 28, 2019)
  • Ports: British-owned port developer Caxxor reported plans to invest approximately US$230 million in expansions at the Port of Veracruz on the Gulf of Mexico. The initiative is part of a larger US$944 million program that includes dock and warehousing upgrades to Puerto Chiapas and a gas storage terminal at the port of Soto la Marina, according to local media. (Transporte.mx, November 19, 2019)
  • Manufacturing: U.S. generator manufacturer Generac Power Systems will establish a new production facility in the central state of Hidalgo, the company reported. The US$31 million plant is planned to produce diesel and gasoline powered mobile electricity generators. (El Financiero, November 25, 2019)
  • Renewable energy: Mexican energy infrastructure developer Natco energy announced it will build three wind farms and one solar generation park over the next two years. Investment of approximately US$634 million will support construction of 508 MW of new generation capacity at sites in the states of Nuevo León and Guanajuato. (Reforma, November 20, 2019)
  • Medical devices: German medical device manufacturer B Braun established a new distribution center in the central State of Mexico, the company reported. The US$5.6 million site is planned to improve shipping of osteosynthesis instruments produced at the company’s plant in the city of Toluca. (Reforma, November 21, 2019)
  • Solar power: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, reported plans to invest US$200 million in solar electricity generation in Mexico. Plans include a 125 MW facility in the northwestern state of Sonora. (El Financiero, November 20, 2019)
  • Security: U.S. rail freight operator Kansas City Southern (KCS) reported plans to invest approximately US$2 million to improve security systems at U.S.-Mexico border crossing points. Upgrades will include advanced x-ray scanners for cargo container inspections. (El Financiero, November 4, 2019)
  • Aluminum: Mexico’s Grupo Vasconia industrial group announced plans to establish an aluminum plant in the eastern Gulf state of Veracruz. The US$28 million production site is expected to provide raw material for the manufacture of kitchen products and appliances for export to the United States and elsewhere in Latin America. (El Financiero, November 6, 2019)
  • Railroad: U.S.-owned rail freight operator Kansas City Southern de México (KCSM) projected it will surpass its current investment goal of US$125 million for the year. Projects include track repair, railway yard expansion in Nuevo Laredo and locomotive acquisition, among others. (Reforma, November 19, 2019)
  • Hotels: Spanish hotel operator NH Hotel Group reported plans to add five properties to its Mexico operations over the next three years. Projects will focus on Mexico City, Guadalajara, Monterrey and Aguascalientes. (Reforma, November 18, 2019)
  • Solar power: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, inaugurated a solar energy generation plant in the northwestern state of Baja California, the company reported. The US$50 million site boasts over 165,000 solar panels and installed capacity of 41 MWAC. (PV Magazine, November 14, 2019)
  • Logistics: U.S. multinational home appliance manufacturer Whirlpool inaugurated a new logistics center in the northeastern state of Nuevo León, the company reported. The US$34 million facility will warehouse and ship over 200,000 products for both the domestic and international markets. (Reforma, November 12, 2019)
  • Airports: Mexican airport operator Grupo Aeroportuario Centro Norte (OMA) reported plans to upgrade its airport in the northeastern city of Monterrey. Projects include the expansion of passenger foot transit zones and check-in areas, including electronic check-in kiosks, a new passenger waiting area and additional security stations and jetways. (Reforma, November 6, 2019)

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