Recent and upcoming investment in Mexico

  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) is projecting investment of approximately US$600 million in operational upgrades over the next five years, the company reported. Projects include a 50% expansion of capacity at the Monterrey airport as well as construction of a regional air traffic control center. (Reforma, February 28, 2022)
  • E-commerce: Argentinian e-commerce portal MercadoLibre reported plans for investment in excess of US$1 billion this year in Mexico operations. Areas slated for upgrades and expansion include technology innovation, logistics operations and extension of financial services to underserved populations. (Reforma, February 24, 2022)
  • Call centers: Mexican contact center operator Pentafon plans US$4 million in investment this year to support sales growth projected at 35%, the company reported. Resources will support automation, infrastructure upgrades and artificial intelligence technology, among other areas. (Reforma, February 23, 2022)
  • Telecommunications: Mexican telecommunications infrastructure company Neutral Networks reported plans to install some 800 miles (1,300 km) of fiber optic cable through northern Mexico over the next three years. The US$62 million project is expected to stretch from Laredo, Texas to Mexico City and provide connectivity to operators and service providers for the manufacturing, trade and financial services sectors. (MSN, February 15, 2022)
  • Steel: Steel producer Ternium, subsidiary of Italian-Argentinian steel and energy conglomerate Techint, will invest approximately US$50 million to expand its plant in the northeastern state of Nuevo León, the Mexican government reported. The facility supplies steel products to regional industry including the automotive sector. (Forbes, February 15, 2022)

  • Automotive: Canadian automotive components manufacturer Martinrea announced plans to invest US$155 in its industrial operations in the central state of Querétaro. The capital injection will allow the company to boost production of aluminum automotive components such as engine blocks and transmission cases for both internal combustion and electric powered vehicles. (Cluster Industrial, February 11, 2022)
  • Railroad: U.S.-owned rail freight operator Kansas City Southern de México (KCSM) is projecting investment of US$122 million this year in areas such as upgrades to track and railyards as well as construction of a new automobile loading terminal. Mexico’s freight rail sector is expected to combine for total investment of approximately US$572 million in 2022. (Reforma, February 10, 2022)
  • Wind power: Sempra Infraestructura, Mexican subsidiary of U.S. energy company Sempra, inaugurated a new wind power generation plant in the northwestern border state of Baja California Sur, the company reported. The US$150 million site claims installed capacity of 263 Mw and is planned to provide power to the neighboring U.S. state of California. (Reforma, February 9, 2022)
  • Aerospace: Mexican aircraft maker Horizontec initiated construction of a new production plant in the central state of Guanajuato, the state government reported. The US$10 million facility is planned to produce complete small aircraft for recreational, training and security applications.  (Periódico Correo, February 2, 2022)
  • Furniture: Chinese furniture manufacturer Man Wah Holdings announced plans to establish a new production plant in the northeastern state of Nuevo León. The US$100 million site will be vertically integrated and include a foam-pouring plant, mechanism plant, motor plant, kit-build area and cut-and-sew production. (Somos Industria, February 2022)
  • Logistics: Mexican cargo transport services provider Estafeta reported plans to invest approximately US$105 million in Mexico operations during the current year. The company is seeking to add delivery vehicles and to upgrade operational infrastructure and technology. (Reforma, February 2, 2022)
  • Rubber: Mexican rubber components manufacturer Hultek reported plans to construct a new production facility in the northeastern state of Nuevo León. The Factory, for which the amount of investment was not specified, is expected to include 9,290 sq. meters (100,000 sq. ft.) in a first phase, as well as 70 manufacturing machines, automated production lines and a testing laboratory to produce components for regional manufacturers of automobiles, home appliances and construction equipment. (Somos Indusria, February 2022)
  • Entertainment: Mexican movie theater operator Cinemagic reported plans to invest approximately US$2.75 million to expand and upgrade operations. Resources are expected to support the opening of 20 new locations as well as renovations to existing sites. (Reforma, February 2, 2022)
  • Cardboard: Mexican paper products maker Cartró announced a US$30 million investment to upgrade its manufacturing plant in the central State of Mexico. Objectives for the investment program include expanding production capacity, upgrading manufacturing processes and improving security systems for the production of cardboard and cardboard boxes. (Investinmx, February, 2022)
  • Steel: Mexican steel components and structures maker Grupo Fox announced a US$45 million expansion at its production site in the northern state of Coahuila. Resources supported the acquisition of cranes and specialized equipment for additional manufacturing lines to produce railroad rolling stock. (Somos Industria, February 2022)
  • Automotive: Chinese recreational vehicle manufacturer Hisun reported plans to establish a manufacturing plant in the northern state of Coahuila. The US$152 million facility is expected to produce various models of All Terrain Vehicles (ATVs) for both leisure and work applications. (Coahuila State Government, February 1, 2022)

 

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