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Roma and Condesa two years later

Today as we write is September 19, 2019 and two years ago on this date our building jumped up in the air when a massive earthquake struck Mexico City.  The city’s devastating 1985 earthquake also struck on September 19.  It’s not like we’re superstitious or anything, but, uh, just to be on the safe side the municipal government conducted a city-wide earthquake drill at 10:00 a.m. this morning.  Granted, we had a drill on the morning of the earthquake two years ago, and we all made jokes and went back to work, then a couple hours later we were stumbling around on the street with broken glass and concrete dust all over us.  So far, today, so good. Continue reading Roma and Condesa two years later

AMLO in zany refurb airport caper

Mexican president Andrés Manuel López Obrador (herein AMLO or El Peje) announced last week that work would begin Monday, April 29 to convert a military air base outside Mexico City for commercial aviation.  When multiple sources jumped to point out that neither the master plan nor the required environmental impact assessment had been presented, the aggravated president agreed to push back start of work until June.  If this barmy caper has a happy ending we will be a monkey’s uncle, but Dear Leader is determined so it looks like we will find out.  Continue reading AMLO in zany refurb airport caper

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Vegetable oil: U.S. agricultural commodities trader Cargill expanded its grain processing plant in the central state of Hidalgo to include an additional production and bottling line. The US$16 million upgrade will produce vegetable oil principally to supply Walmart stores, the company reported. (Expansión, March 28, 2019)
  • Railroad: Mexico’s Grupo México corporate group reported investment plans totaling approximately US$555 million to support its railroad subsidiaries Ferromex and Ferrosur. Areas targeted for upgrades include locomotive maintenance, track materials and rehabilitation, new rolling stock and related equipment and land purchases. (Reforma, March 27, 2019)
  • Ports: Major new infrastructure under construction at the Port of Veracruz on Mexico’s Gulf coast will begin entering operation later this year, the Veracruz Port Customs Agents Association reported. The US$3.7 billion upgrade includes four new specialized terminals for fluids, bulk agricultural products, bulk mineral products and containerized and loose cargo. (Reforma, March 25, 2019)
  • Oil refining: The Mexican government invited international companies to bid on the construction of a new oil refinery in the southeastern Gulf coast state of Tabasco. The project, estimated to require investment of US$6 – 8 billion, will include 17 processing plants, 19 storage tanks, a rail line and ship docking facilities. (Reuters, March 18, 2019)
  • Manufacturing: Mexican construction finishings manufacturer Lamosa announced a US$100 million investment plan that includes US$23.3 million to support Mexico operations. The company produces ceramic tile, adhesives and flooring materials at 13 production plants in Mexico. (Reforma, March 14, 2019) Continue reading Recent and upcoming investment in Mexico