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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Airports: Mexico’s Ministry of Communications and Transport (SCT) launched a US$22 million expansion of the current Mexico City airport, the ministry reported. Construction, which will include seven new arrival and departure gates as well as access roads, will be led by contractors Epccor (Mexico) and Sacyr (Spain). (Reforma, September 25, 2019)
  • Manufacturing: Japanese-Mexican manufacturing joint venture Yamada-Vistamex completed an expansion of its production plant in the central state of Guanajuato, the company reported. The US$3 million upgrade will allow the operation to boost production of personal care products and home plastics for clients such as P&G, Tupperware, Crane and Force of Nature. (Somos Industria, September 2019)
  • HVAC: Swedish diversified corporate group Dometic inaugurated a new manufacturing plant in the northeastern state of Nuevo León, local media reported. The facility, for which the amount of investment was not specified, will produce various types of air conditioning systems. (Somos Industria, September 2019)
  • Ports: Port operator Contecon, subsidiary of Philippines-based International Container Terminal Services, announced it will invest approximately US$250 million to expand its concession at the Pacific coast port of Manzanillo. Contecon currently handles 35% of the freight moved through the port, principally for manufacturing industries such as automotive and appliances. (El Financiero, September 19, 2019)
  • Leisure: Mexican theme park operator Ventura Entertainment announced plans to establish two new golf-themed venues in Monterrey and Mexico City via investment of approximately US$41 million. The sites will operate under the TopGolf brand through a franchise agreement with U.S.-based TopGolf. (Reforma, September 16, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Oil rigs: Mexican petroleum marine services provider Marinsa invested approximately US$26 million in two offshore oil drilling platforms in the Gulf of Mexico, the company reported. Marinsa is providing rehabilitation and installation services to national oil company Petróleos Mexicanos (Pemex) for the development of 20 offshore oil fields.  (Reforma, July 31, 2019)
  • Electronics: French automation technology multinational Schneider Electric inaugurated a new “intelligent” production plant in the northeastern state of Nuevo León, the company reported. The US$37 million facility is planned to produce devices such as motor controls, lighting panels and safety switches. (Somos Industria, July 2019)
  • Mining: Canadian-owned Compañía Minera Cuzcatlán plans investment of approximately US$12.8 million at its San José del Progreso mine in the southern state of Oaxaca, the company reported. Resources will principally support extended exploration at the silver and gold producing site. (Reforma, July 25, 2019)
  • Hotels: U.S. hotel operator Choice Hotels reported plans to open seven new hotels in Mexico this year via investment of approximately US$39 million. The new properties will target the business travel market and include locations in the cities of Monterrey, Querétaro, Pachuca, Villahermosa, Hermosillo and Mexico City. (Reforma, July 24, 2019)
  • Aviation: Mexican private aviation services provider Redwings reported plans to establish an aircraft maintenance center in the central state of Querétaro. The US$15.8 million FBO facility will provide specialized aircraft services including painting to regional operators. (Somos Industria, July 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Petroleum: Netherlands-based oil company Royal Dutch Shell is projecting investment of approximately US$800 million in Mexico oil exploration operations, the company reported. Separately, Spanish oil company Repsol reported plans to invest US$330 million in deep-water exploration off Mexico’s Gulf coast. (Reforma, June 17 and 19, 2019)
  • Banks: Spanish bank BBVA plans investment of approximately US$3.3 billion through 2024 in Mexico banking operations, the company reported. Resources will support replacement of automatic teller machines (ATMs), renovation of branches and efforts to extend services to unbanked or underbanked sectors. (El Sol de México, June 11, 2019)
  • Optical equipment: German precision device manufacturer Carl Zeiss announced a US$41 million expansion of its plant in the northwestern border city of Tijuana. The upgrade will add two production lines in support of the company’s PhotoFusion vision products operations. (Siglo21 Periódico Industrial, June 18, 2019)
  • Coatings: Mexican steel maker Altos Hornos de México (AHMSA) and Korean machinery manufacturer Paco Engineering announced an alliance to establish a coatings plant in the northern state of Coahuila. The US$20 million facility is expected to provide painting of galvanized steel sheeting for construction and appliance manufacturing applications. (Reforma, June 11, 2019)
  • Solar power: Chilean green power developer Atlas Renewable Energy inaugurated its first project in Mexico, the Guajiro solar park in the central state of Hidalgo. The US$100 million site, which is planned to have installed capacity of 129 MW, will supply electricity to Mexico’s Federal Electricity Commission. (Reforma, June 11, 2019) Continue reading Recent and upcoming investment in Mexico