Tag Archives: Beverage

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Solar power: Italian renewable energy developer Enel Green Power inaugurated a solar energy generation plant in the central state of Guanajuato, the company reported. The US$220 million facility is projected to have a maximum capacity of 238 Mw. (Reforma, May 24, 2018)
  • Pharmacies: Mexican pharmacy chain operator Farmacias del Ahorro plan to open 200 new stores this year, the company reported. Investment was not specified for the expansion, which is expected to focus on the four northwestern states of Baja California, Sonora, Sinaloa and Colima. (Reforma, May 25, 2018)
  • Retail: Mexican department store chain Elektra projects it will open 90 stores in the country this year at a cost of approximately US$203 million. Despite the rapid growth of e-commerce, Elektra has opened 182 new physical sales locations over the past two years. (Forbes en Español, May 22, 2018)
  • Electricity: Mexican energy developer Rengen Energy Solutions plans investment of approximately US$400 million to build electricity generation plants for private industrial operations, the company reported. Plans in development include eight plants for industrial clusters seeking to take advantage of electricity generation by private producers now permitted under Mexico’s recent energy reform. (El Financiero, May 17, 2018)
  • Fuel storage: Private companies are currently undertaking construction of 48 new fuel storage terminals in Mexico via combined investment of approximately US$2.7 billion, Mexico’s Energy Ministry (Sener) reported. The new projects are projected to add 31 million barrels of storage capacity and extend inventories from three to 13 days by 2022. (El Financiero, May 17, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Food & beverage: Mexican beverage bottler Arca Continental plans investment of approximately US$195 million in Mexico operations this year, the company reported. Projects are expected to include purchase of refrigeration systems, upgrades to production lines and acquisition of transport equipment, among others. (El Financiero, April 27, 2018)
  • E-commerce: Brazil-based e-commerce portal MercadoLibre plans investment of approximately US$275 million to boost operations in the Mexico market, the company reported. Resources will support construction of two distribution centers in the Mexico City area, as well as an expanded loyalty program and shipping systems. (Milenio, April 26, 2018)
  • Automotive: Mexican electric car manufacturer Zacua announced the inauguration of its first manufacturing plant, in the southeastern state of Puebla. The US$27 million production site reportedly will produce the first electric car made entirely in Mexico. (Auto Motores Informa, April 25, 2018)
  • Pharmaceutical: French pharmaceutical multinational Sanofi reported plans to construct a new production facility in the central State of Mexico. The projected US$158 million plant is expected to produce vaccines for export to Latin America. (El Financiero, April 24, 2018)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$200 million in Mexico operations in 2018. Resources will support the group’s activities in areas such as pork production and automotive transmission manufacturing. (20Minutos, April 17, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Greenhouse agriculture: Mexican agricultural producer Hortigen Produce reported plans to invest approximately US$80 million in greenhouse operations in the central state of Querétaro over the next four years. Projects include the addition of 97 hectares (240 acres) of pepper production utilizing hydroponic techniques. (El Economista, February 28, 2018)
  • Mining: Mexican mining firm Fresnillo, a subsidiary of Industrias Peñoles, plans investment of US$755 million during the current year, the company reported. Resources will support operations in silver extraction, zinc refining, and dynamic leaching and pyrites plants. (El Financiero, February 28, 2018)
  • Beverage: Netherlands-based beer brewer Heineken inaugurated its most efficient plant worldwide in the northern state of Chihuahua, the company reported. The US$500 million site makes use of latest technologies in areas such as water efficiency, energy conservation and recycling of raw material byproducts. (Reforma, February 28, 2018)
  • Retail: Mexican grocery and general merchandise retailer Soriana plans investment of approximately US$160 million this year to convert stores from its Commercial Mexicana format to its Soriana and Mega formats. Soriana purchased 143 Commercial Mexicana stores from Controladora Commercial Mexicana in 2016. (El Financiero, February 27, 2018)
  • Electricity: Spanish energy infrastructure developer Iberdrola reported plans to invest US$1.7 billion in new electricity generation projects through 2022. New plants are likely to include natural gas powered combined cycle generation as well as renewable energy such as solar or wind. (El Financiero, February 22, 2018) Continue reading Recent and upcoming investment in Mexico