Recent and upcoming investment in Mexico

  • Automotive: U.S.-owned vehicle maker Link EV Electric Vehicles announced plans to establish a manufacturing plant in the southeastern state of Puebla, in association with Chinese and Spanish partners. The US$265 million facility is expected to produce electric vans for package delivery and urban transport applications. (El Economista, January 25, 2022)
  • Mining: Canadian mining company Americas Gold and Silver reported plans to invest US$30 million at its San Rafael mine in the northwestern state of Sinaloa. Resources will be aimed at boosting production of silver, zinc and lead at the mine following an extended period of inactivity. (Reforma, January 25, 2022)
  • Packaging: U.S. consumer packaging multinational Nexgen inaugurated a new manufacturing plant in the central state of Querétaro, the company reported. The site, for which the amount of investment was not specified, will provide nearshoring production services for apparel and footwear manufacturers and retailers with operations in North America. (Nexgen Packaging, January 24, 2022)
  • Animal feed: UK-based agri-tech company Devenish inaugurated a new administrative and production complex in the northwestern state of Sonora, the company announced. The site, investment for which was not specified, will become the Devenish Mexico headquarters and include a two-line production system to produce premixes for pork, cattle and poultry feeds. (3tres3.com, January 19, 2022)
  • Industrial parks: The government of the central state of Guanajuato announced the inauguration of a new 1.1 million sq. ft. industrial park in the state. the US$40 million Orient Business Park is planned to include at least 97 industrial structures available to regional productive enterprises. (Centro Urbano, January 19, 2022)

  • Hotels: U.S. hotel operator Hilton is projecting expansion in Mexico with the establishment of approximately 20 new locations under its brand, the company reported. Three Hilton-branded resorts are expected to open in the Riviera Maya tourist region this year, with others planned for the cities of San Miguel de Allende, Zacatecas, Torreón and Culiacán. (Reforma, January 14, 2022)
  • Automotive: German automotive components maker BCS Automotive Interface Solutions is nearing completion of a new manufacturing plant in the central state of Querétaro, the company reported. The US$60 million facility is expected to produce components such as complex switches, integrated electronic control panels, HVAC controls, steering column control modules, access systems and sensors for automotive OEMs such as Tesla and General Motors. (Mexico Business News, January 14, 2022)
  • Healthcare: Swiss pharmaceuticals maker Novartis announced plans to invest US$50 million in Mexico operations over the next three years. Resources will be earmarked for clinical research in areas such as cancer and cardiovascular, central nervous system and mental health. (Reforma, January 13, 2022)
  • Automotive: South Korean automotive component maker Posco will establish a manufacturing plant in the northern state of Coahuila, the company reported. The US$43.6 million site is expected to produce electric vehicle motor cores for the North American EV market. (Mexico Business News, January 12, 2022)
  • Entertainment: Mexican cinema operator Cinedot, launched in 2021, reported plans to open a new location approximately every two months in Mexico this year. The company’s expansion plans include investment of approximately US$15 million to install 120 new screens over the next two years.  (Reforma, January 7, 2022)
  • Mining: The Zacatecas Mining Cluster (CLUSMIN) inaugurated a new research and development center in the northern state of Zacatecas, local media reported. The US$2.6 million center will provide research, innovation and technology development services to the region’s mining industry. (Mexico Industry, December, 2021)
  • Ports: The Mexican government granted a 20-year concession to Mexican port facilities developer Muelles del Caribe to construct and operate a cruise ship dock at the island of Cozumel, in the Atlantic coast state of Quintana Roo, the Transport Ministry (SICT) reported. The US$17 million project will include a specialized cruise ship dock with access platform to a boarding and disembarking area, a terminal building and a connecting roadway to the urban area of Cozumel. (T21, January 6, 2022)

 

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