Tag Archives: aviation

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Wind power: Spanish renewable energy developer Acciona Energía will initiate construction of a wind power generation plant early next year in the northeastern state of Nuevo León, the company reported. The electricity plant is part of an investment program of close to US$1 billion intended to double the company’s current 1,000 Mw generation capacity in the country. (Reforma, July 30, 2018)
  • Food processing: Mexican industrial baking giant Grupo Bimbo is projecting capital investment of approximately US$800 million for 2018, the company reported. Resources will support expanding production capacity and improving the company’s product distribution network.  (El Financiero, July 30, 2018)
  • Electronics: German semiconductor maker Infineon plans to expand manufacturing capacity at its plant in the northern border city of Tijuana, the company reported. The US$40 million expansion will allow the facility to boost output of electronic components for use in the automotive, medical and other manufacturing industries. (Tecnoempresa, July 24, 2018)
  • Aerospace: U.S. aerospace components manufacturer Esterline Corp. announced it will expand one of its four plants in the northern border city of Tijuana. The US$15 million expansion will boost the company’s capacity to produce aerospace electronics and sensor equipment at the site. (Mexico Now, July 23, 2018)
  • Aviation: Mexican low-cost airline VivaAerobus reported plans to invest approximately US$2.5 billion in new aircraft to modernize its fleet. The program includes acquisition of 25 Airbus A321neo and upgrade of 16 A320neo to A321neo models. (Reforma, July 19, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar power: French electricity company Schneider Electric plans to build a photovoltaic solar energy generation plant in the northeastern state of Nuevo León. The US$1.5 million installation will be located at the Technology Research and Innovation park to provide electricity for the park’s Development and Innovation Center. (El Economista, September 24, 2014)
  • Biotechnology: U.S.-based biotechnology multinational Monsanto inaugurated a new seed technology research center in the western state of Jalisco, the company reported. The new site, the cost of which was not revealed, is planned to centralize the company’s efforts to develop new hybrid and genetically modified strains of corn. (Reuters, September 29, 2014)
  • Chemicals: Spanish industrial group Grupo Proman will lead construction of a major new fertilizer production plant in the northwestern state of Sinaloa, the state government reported. Investors from Mexico, Switzerland and Germany will provide capital for the approximately US$92 million project, which is expected to produce ammonia. (Milenio, September 24, 2014)
  • Aviation: Mexican airlines plan purchases of over 250 new aircraft at a cost of approximately US$24.6 billion over the next seven years, combined media sources report. The airlines are releasing expansion plans following the recent announcement that a major new international airport will be built in Mexico City in the coming years. (El Financiero, September 12, 2014)
  • Automotive: German auto parts manufacturer Witzenmann plans to build a new production plant in the central state of Guanajuato. The US$12 million facility is expected to produce metal hoses for regional automotive OEMs. (Alcaldes de México, September 19, 2014) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar power: Mexican developers Gauss Energía inaugurated the 39 MW photovoltaic solar energy generation site Aura Solar in the northwestern state of Baja California Sur, built at a cost of approximately US$100 million.  Funded by a consortium that included Gauss, Portuguese energy developer Martifer, and government and multilateral agencies, the facility is considered to be the largest of its type in Latin America. (CNN Expansión, March 25, 2014)
  • Steel: Mexican corporate group Industrias CH is projecting investment of approximately US$805 million in Mexico operations this year.  Projects include construction of a new steel production plant for its Grupo Simec subsidiary to supply the automotive manufacturing industry, and a new plant in the northern state of Coahuila to produce large-diameter steel pipe for the petrochemical industry. (Reforma, March 25, 2014)
  • Hotels: Mexican hotel operator Grupo Posadas plans investment of approximately US$420 to expand its presence in Mexico through the end of 2015.  Projects include the opening of 36 new hotels under the Fiesta Inn and One brands. (Finamex Comentario de Cierre, March 26, 2014)
  • Wind power: Mexican cement giant CEMEX announced plans to build twin wind power plants in the northeastern state of Nuevo León.  The US$600 million project is projected to produce a combined capacity of 252 MW. (Reforma, March 21, 2014)
  • Retail: U.S. pet supplies retailer Petco and Mexican retail operator Grupo Gigante will invest US$50 million in a joint venture to open 50 Petco stores throughout Mexico over the next five years.  The partnership currently operates one store in Mexico and plans to close 2014 with five Mexico locations in operation. (El Financiero, March 12, 2014)
  • Coatings: U.S. coatings maker PPG Industries will invest approximately US$27 million to expand capacity at its production plant in the central state of Queretaro.  PPG currently supplies automotive paints to OEMs including Nissan and Honda in the region, the company reported. (Vanguardia Industrial, March 18, 2014) Continue reading Recent and upcoming investment in Mexico