Category Archives: Manufacturing

Recent and upcoming investment in Mexico

  • Industrial gases: Cryoinfra, subsidiary of Mexican industrial gas producer Grupo Infra, inaugurated a new cryogenic production plant in the northeastern state of San Luís Potosí, the company reported. The US$65 million facility is expected to produce oxygen, hydrogen, nitrogen and argon for hospitals and industrial plants in the country’s central Bajío region. (Lider Empresarial, April 29, 2022)
  • Beer brewing: U.S. drinks conglomerate Constellation Brands announced plans to build a new beer brewery in the eastern Gulf coast state of Veracruz. Construction on the US$1.3 billion mega-plant was originally begun in the northern border city of Mexicali before being cancelled in 2020 at the initiative of President Andrés Manuel López Obrador. (El Financiero, April 22, 2022)
  • Automotive: South Korean automotive components manufacturer LG Magna e-Powertrain began construction of a new production plant in the northern state of Coahuila, the company reported. The US$100 million facility is planned to produce inverters, motors and chargers for General Electric electric vehicles. (Reforma, April 20, 2022)
  • Furniture: Chinese furniture manufacturer Kuka Home initiated construction of a new production site in the northeastern state of Nuevo León, the company reported. The US$200 million plant is expected to produce upholstered sofas, chairs and beds beginning in 2023. (Milenio, April 18, 2022)
  • Pet food: U.S.-owned pet food producer Mars Petcare announced plans to expand its production plant in the central state of Querétaro. The US$100 million upgrade is expected to more than double the site’s current production capacity to over 70,000 tons of wet pet food annually. (Somos Industria, April 2022)

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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)

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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)

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