Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Tourism: The Tourism Ministry of the northwestern state of Baja California announced a US$1.5 billion infrastructure development plan to support tourism. Projects include a hotel golf course and marina complex at San Felipe and a new airport for the Pacific coast city of Ensenada. (Reforma, January 28, 2020)
  • Pharmaceutical: U.S. drug maker Pfizer plans approximately US$20 million in investment to support Mexico operations this year, the company reported. Projects include ongoing renovation of the company’s Toluca manufacturing plant, development of clinical research protocols, educational programs and social responsibility projects. (El Financiero, January 27, 2020)
  • Ports: The Mexican government announced infrastructure and logistics firms Caxxor (UK) and Acxesa (Mexico) will invest approximately US$287 million to rehabilitate and expand the Puerto Chiapas port on the Pacific coast of the southern state of Chiapas. Acxesa plans to make further investments to begin operating maritime freight lines from the port to China via Guayaquil, Ecuador. (El Sol de México, January 25, 2020)
  • Logistics: U.S. logistics operator FedEx Express inaugurated an expansion to its fiscal warehousing complex at the international airport in the central city of Toluca, the company reported. The US$24.6 million expansion will allow the company to reduce processing time for both imports and exports at the site. (El Financiero, January 24, 2020)
  • Food processing: Swiss processed foods giant Nestlé reported plans to invest approximately US$700 million to modernize the 17 plants the company operates in Mexico. Projects include US$200 million for an environmentally cutting-edge coffee processing facility in Veracruz as well as latest technologies for boosting productivity, improving operational efficiency, expanding production cpacity and guaranteeing responsible natural resource management. (El Financiero, January 23, 2020)
  • Mining: International mining companies Bacanora Minerals (Canada) and Gangfeng Lithium (China) formed a joint venture to develop a lithium mine in the northern state of Sonora, local media reported. The US$420 mission investment is projected to enter into production in 2022 and produce up to 35,000 tons of lithium per year. (Reforma, January 22, 2020)
  • Shopping malls: Mexican commercial real estate developer Fibra Uno announced it will inaugurate the second phase of its Plaza La Isla shopping and entertainment complex in the southeastern tourist city of Cancun. The US$158 million development offers 110 retail spaces as well as a hotel, restaurants and a Ripley museum. (El Financiero, January 21, 2020)
  • Dairy: The state government of the northern state of Durango announced a US$40 million public-private venture to construct a milk dehydration plant to serve the surrounding Laguna dairy production region. The state will also establish two new grain elevators to consolidate surplus regional corn production. (El Siglo de Torreón, January 11, 2020)
  • Automotive: Japanese auto maker Toyota reported the initiation of operations at its new manufacturing plant in the central state of Guanajuato. The US$700 million cutting edge site is planned to produce the brand’s Tacoma model pickup truck. (El Universal, January 6, 2020)
  • Hotels: Spanish hotel operator Iberostar announced it will invest approximately US$300 million in Mexico properties over the next three years. Plans include significant new hotels and real estate complexes in the west coast tourist destinations of Los Cabos and Punta Mita. (El Financiero, December 30, 2019)
  • Medical equipment: Mexico’s public health system IMSS reported plans to invest approximately US$420 million to update hospital equipment at its facilities nationwide. Areas earmarked for upgrades include various types of x-ray equipment, hospital beds, dental equipment, medical linear accelerators and others. (Reforma, January 2, 2020)

Leave a Reply

Your email address will not be published. Required fields are marked *