Recent and upcoming investment in Mexico

  • Logistics: Mexican 3PL services provider Solistica, subsidiary of diversified corporate group FEMSA, inaugurated a new distribution center in the northeastern state of Nuevo León, the company reported. The site is part of US$50 million in investment planned for the current year, in areas including expansion of infrastructure, transport, distribution centers, warehousing and systems technology. (Reforma, March 29, 2022)
  • Manufacturing: U.S. home appliance manufacturer Whirlpool announced investment of US$30 million across various manufacturing sites in Mexico to increase production capacity. The company produces products such as refrigerators, ovens and washing machines at five plants in the country. (Reforma, March 28, 2022)
  • E-commerce: Mexican furniture retailer Muebles Dico launched an on-line marketplace called TodoMuebles to sell the company’s own products in addition to those of other small businesses. The new e-commerce site offers furniture as well as products for home decor, kitchen, lighting, office, children, and accessories. (Reforma, March 25, 2022)
  • Airports: Mexican airport operator Grupo Aeroportuario Centro Norte (OMA) reported it will invest an unspecified amount to convert its airport in the northeastern industrial city of Monterrey into a hub for international flights. Plans include construction of a new air traffic control center and control tower. (Reforma, March 21, 2022)
  • Steel: Mexican steel products maker Deacero announced plans to construct a new manufacturing plant in the northern state of Coahuila. The US$21 million site is expected to produce raw and galvanized steel beams for the electricity, telecommunications, oil and gas industries. (El Financiero, March 17, 2022)

  • Manufacturing: American toy maker Mattel plans to expand its manufacturing plant in the northeastern state of Nuevo León, the state government announced. The US$50 upgrade will include the addition of new production lines to boost output of toys including Barbie products. (Reforma, March 16, 2022)
  • Retail: Grocery and general merchandise chain Walmart de Mexico, subsidiary of U.S. retail giant Walmart, reported investment plans of approximately US$1.3 billion during the current year. Projects earmarked for resources include maintenance and remodeling of existing stores, upgrading efficiency and sustainability technology, opening of new stores and reinforcing logistics and e-commerce infrastructure and technology. (Reforma, March 16, 2022)
  • Energy: French environmental services company Veolia, in alliance with Mexican cement producer Cementos Moctezuma, inaugurated a waste-to-energy plant in the northeastern state of San Luís Potosí. The US$8.5 million facility is planned to process non-recyclable industrial waste for use as fuel to power the cement company’s kilns. (Global Energy, March 11, 2022)
  • Manufacturing: German multinational engineering and technology company Bosch announced its subsidiary BSH will establish a new manufacturing plant in the northeastern state of Nuevo León. The US$260 million facility is planned to produce refrigerators beginning in 2024. (Bosch, March 10, 2022)
  • Pharmaceutical: German pharmaceutical and biotech multinational Bayer is projecting investment of approximately US$375 million in Mexico over the next three years. Resources will support areas including research and development, reduction of carbon emissions and the expansion of market participation for agricultural and human health products. (Reforma, March 11, 2022)
  • Petrochemicals: Brazilian-Mexican chemical producer Braskem-Idesa will invest approximately US$400 million to construct an ethane terminal in the eastern Gulf state of Veracruz, the company reported. The site is planned to supplement the company’s current supply of ethane from state-run oil, gas and petrochemicals company Pemex. (Milenio, March 10, 2022)
  • Casual dining: Mexican casual dining franchise operator Alsea is projecting investment of approximately US$110 million in Mexico operations this year, the company reported. Alsea, which operates brands including Starbucks, Domino’s Pizza, Burger King, Chili’s and many others in Mexico, plans to channel resources into opening new restaurants and providing maintenance and remodeling to existing locations. (Reforma, February 28, 2022)
  • Artificial intelligence: U.S. enterprise AI software provider C3 AI initiated operations at a new research and development center in the western city of Guadalajara, the Jalisco state government reported. The site, for which the amount of investment was not specified, is expected to employ approximately 100 engineers in the development of artificial intelligence applications for industries such as manufacturing, financial services, healthcare, energy and telecommunications. (Jalisco State Government, March 4, 2022)
  • Banks: U.S. financial services multinational Citibank announced plans to renovate the branch locations of its Mexican subsidiary Citibanamex before selling the Mexico banking unit. The US$70 million remodeling program is intended to turn the branches into hybrid “banking stores” with a digital focus. (Reforma, March 4, 2022)

 

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