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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Mining: Canadian mining company Minera Alamos reported it will invest approximately US$27 million in operations in the northern state of Durango. Alamos plans to begin extracting gold and silver at the site in 2019. (El Financiero, December 27, 2018)
  • Coffee: Swiss processed foods giant Nestlé will invest US$154 million to establish a state-of-the-art coffee processing facility in the eastern Gulf state of Veracruz, the Mexican government announced. The plant is projected to process 20,000 tons of green coffee beans per year initially. (Reforma, December 19, 2018)
  • Ethanol: Mexican ethanol producer Bioenergéticos Mexicanos (Biomex) is constructing an ethanol plant in the northeastern state of Tamaulipas, the company reported. The US$90 million facility is intended to supply national oil and gas company Petróleos Mexicanos (Pemex) via an initial annual output of 55 million liters (14.5 million gallons). (Reforma, December 18, 2018)
  • Commercial real estate: An international consortium consisting of Mota-Engil (Portugal), Thor Urbana (Mexico), GFA (Mexico) and Marriott International (USA) announced it will construct a large scale tourism and residential development in the northwestern coastal state of Nayarit. The estimated US$1.8 billion project is planned to include five luxury hotels, a golf course and 2,500 residential units. (Reforma, December 14, 2018)
  • Vehicle fleets: Mexican corporate group Grupo ARHE is projecting approximately US$33 million in investment during the coming year to renovate and upgrade its vehicle fleet. The company operates the Alamo rent-a-car franchise in Mexico. (El Financiero, December 14, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Construction: Mexican corporate identify design and construction firm Grupo Escato established a new US$80 million operations center in the central State of Mexico, the company reported. The site will be equipped with latest-generation machinery for producing customized brand identity environments for banks and other corporate buildings from materials such as wood, metal and plastic. (Reforma, November 29, 2018)
  • Water treatment: German auto maker Audi inaugurated a reverse osmosis water purification plant at its production facility in the southeastern city of Puebla, the company reported. Investment was not specified for the project, which reportedly will allow the manufacturing site to recycle 100% of the water used for production operations. (Expansión, November 15, 2018)
  • Solar power: Mexican cement conglomerate Cemex has begun construction of a large scale solar energy generation park in the northern state of Zacatecas, the company reported. The US$320 million site is projected to have capacity of 378 MW and supply power for Cemex operations and sale to other companies. (Reforma, November 16, 2018)
  • Food processing: Mexican food ingredient manufacturer Deiman reported it is constructing a new production plant at an unspecified cost in the southeastern state of Puebla. The company produces flavorings, colorings and other additives for processed foods to serve clients in the domestic market as well as for export to the United States, Europe and South America. (Reforma, November 20, 2018)
  • Retail: China-based lifestyle and personal care products retailer Mumuso plans to grow from 21 to 100 stores in Mexico by the end of 2019, the company reported. Investment was not specified for the expansion, which includes sourcing more products from local suppliers than the chain customarily does in Asia. (El Financiero, November 16, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: Mexican grocery and general merchandise retailer La Comer reported it is on track to invest approximately US$155 million this year in store remodels, new stores and retail technology upgrades. The chain announced plans to open 8 – 10 new stores per year for the foreseeable future. (El Financiero, October 31, 2018)
  • Logistics: Mexican department store operator and commercial real estate developer Liverpool plans to invest up to approximately US$155 million in its Arco Norte Logistics Center in the central State of Mexico through 2022, the company reported. The distribution center is expected to begin handling appliances and furniture in 2021 with clothing, linens and accessories to follow in 2022. (El Financiero, October 29, 2018)
  • Food processing: Guatemala-based Grupo IDEALSA will invest US$70 million to establish processing operations in Mexico’s southern Puerto Chiapas Special Economic Zone (ZEE), the Mexican government reported. The two-plant site is planned to produce edible oils, fruit juices and dairy beverages. (El Financiero, October 18, 2018)
  • Paper processing: Mexican packaging manufacturer Grupo Gondi will establish a new production plant in the northwestern state of Sonora, the state Governor’s office reported. The US$44 million facility is expected to produce corrugated cardboard packaging with high quality graphics. (Expreso, October 14, 2018)
  • Motorcycles: Mexican automotive manufacturing and sales company MotoDrive, master distributor of the Indian motorcycle brand Bajaj in Mexico, announced plans to establish two assembly plants in the country. Total investment was not specified for the sites, which are expected to produce vehicles for the domestic market. (El Financiero, October 11, 2018) Continue reading Recent and upcoming investment in Mexico