Industrial FDI still slack in September

Information collected from media reports over the last month:

  • Automotive: Chinese auto parts maker Daimay Automotive Interior Co. inaugurated a new manufacturing plant in the northern state of Coahuila, the company reported. The US$86 million facility is expected to produce components such as sun visors, seats, headrests, steering wheels and roof consoles for regional OEMs including General Motors, Ford, Volkswagen and Chrysler. (Cluster Industrial, September 25, 2020)
  • Confectionery: U.S. candy and snack maker Mount Franklin Foods announced the opening of a new candy production plant in the northern state of Chihuahua. Investment was not specified for the facility, which is expected to produce soft non-chocolate candies and will include a packaging line and research and development operations. (Candy Industry, September 23, 2020)
  • Rail: The Ministry of Communications and transport is preparing a tender for the construction of a passenger rail line from the central state of Hidalgo to the new Mexico City airport at Sancta Lucía, currently under construction. Approximately US$1.9 million have been requested to cover the cost of the initial technical studies, according to local media reports. (El Universal, September 18, 2020)
  • Automotive: Japanese auto maker Toyota plans investment of US$170 million to expand its assembly plant in the central state of Guanajuato, local media reported. The increase in capacity will allow to company to boost output principally of the Tacoma model pickup truck for distribution in North America. (Expansión, September 15, 2020)
  • Sports stadium: New York-based sustainable stadium developer Juego de Pelota will lead construction of a new sports and recreational facility in the southeastern state of Yucatan, the state government announced. The US$102 million structure is planned to be LEED Platinum certified and will be used for baseball and soccer games as well as concerts and other entertainment events. (Mexico News Daily, September 10, 2020)
  • Manufacturing: U.S. tool manufacturer Stanley Black & Decker announced it will establish a new manufacturing plant in the northeastern state of Nuevo León.  The US$40 million site is planned to produce a range of electric tools and battery packs for home and construction use. (State Government of Nuevo León, September 1, 2020)
  • Automotive: Chinese truck manufacturer Shacman plans to open an assembly plant in the central state of Hidalgo, the company reported.  The amount of investment was not specified for the site, which is expected to produce trucks powered by natural gas and diesel for the local market as well as export to elsewhere in the Americas. (El Economista, September 2, 2020)
  • Electric vehicles: The municipal government of Mexico City has invested approximately US$112 million in electric vehicles for mass transit over the past 20 months, the city government reported. Equipment acquisitions include 80 electric city buses recently imported from China. (Reforma, September 4, 2020)
  • Retail: U.S. DIY and hardware retailer The Home Depot inaugurated a new store in the western state of Jalisco at a cost of US$19 million, the company reported. The LEED-certified retail location is the chain’s eigth in the state. (Milenio, September 3, 2020)

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