Tag Archives: biotechnology

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Brewing: Mexican brewer Cuauhtémoc Moctezuma, subsidiary of Dutch beer giant Heineken International, inaugurated a new can production line and distribution center at its plant in the western state of Jalisco. The US$38 million expansion will allow the operation to produce six different sizes of cans and 43 different packaging presentations, the company reported. (El Financiero, August 31, 2016)
  • Energy: Mexico geothermal energy developer Grupo Enal plans investment of approximately US$300 million to develop geothermal energy generation sites in the states of Baja California and Guanajuato, the company reported. Enal plans exploration activities in support of the developments over the next two years. (Reforma, August 31, 2016)
  • Automotive: U.S.-based diversified manufacturing multinational 3M inaugurated a new research and development center in Mexico City, the company reported. The US$1 million facility is intended to develop custom solutions for the company’s 200 clients in the Mexican automotive supply chain as well as OEMs. (El financiero, August 19, 2016)
  • Education: Spain-based English language school Kids & Us plans aggressive expansion in Mexico, the company reported. The chain currently operates six learning centers in Mexico and plans to boost that number to 250 over the next 10 years. (El Financiero, August 16, 2016)
  • Food processing: Mexican food products manufacturer La Moderna is nearing completion of a new production facility in the northern state of Coahuila, the company reported. The US$4 million plant will become the company’s fifth in Mexico and is projected to produce wheat-based pastas. (El Financiero, August 15, 2016)
  • Airlines: Mexican air carrier Aeromexico reported plans to invest up to US$50 million over the next five years to improve its digital platform. Upgrade targets include the company’s web site, ticket sales, airport kiosks and apps for Apple watch, among others. (El Financiero, August 17, 2016) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Wind power: Spanish energy developer Iberdrola is planning to build four new wind energy generation plants in the southern state of Puebla via combined investment of US$2 billion, the company reported. Iberdrola recently inaugurated a 66 Mw wind power plant in the same state at a cost of US$130 million. (Reforma, November 26, 2015)
  • Food processing: Mexican dairy products producer Cremería Americana and Austrian baking ingredients producer Backaldrin jointly installed a new plant in the central State of Mexico at a cost of approximately US$2.3 million.   The facility is expected to produce specialized flours for local and regional industrial bakers such as Mexico’s Bimbo. (El Financiero, November 24, 2015)
  • Transportation: U.S.-Mexican joint venture Otay Tijuana Ventures is nearing completion of a new border-crossing facility between the cities of Tijuana, Mexico and San Diego, United States. The US$120 million binational bridge linked to the Tijuana airport is expected to include retail space and significantly reduce border crossing time for travelers. (El Financiero, November 25, 2015)
  • Automotive: South Korean auto maker Kia Motors announced it has completed construction on a state-of-the-art manufacturing complex in the northeastern state of Nuevo León. The US$3 billion plant is composed primarily of stamping, body welding, paint and assembly modules. (Automotive Fleet, November 24, 2015)
  • Biotechnology: Mexican pharmaceutical manufacturer Liomont plans to construct a new production plant in the central State of Mexico at a cost of “several million dollars,” the company reported. The site is projected to begin producing biopharmaceuticals to treat chronic degenerative diseases in 2017. (Reforma, November 23, 2015) 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