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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

  • 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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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)

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