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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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