Tag Archives: chemicals

Mexican economy: Hoy no me puedo levantar

The spread of the COVID-19 virus in Mexico has not improved significantly this month and in fact has deteriorated in some areas.  Mexico has reported approximately 924,000 accumulated cases, ranking it 10th worldwide, and 92,000 deaths, fourth highest in the world.  Mexico City remains at the orange level of the epidemiological traffic light system, and the head of government of the capital, Claudia Sheinbaum, recently tested positive for COVID.  The city government is resisting raising the alert level to red, however authorities have said they intend to implement increased restrictions on activity to combat an upward trend in cases. Continue reading Mexican economy: Hoy no me puedo levantar

Mexican economy not 100% dead just yet

Mexico continues to struggle to contain the spread of COVID-19, with over 400,000 accumulated cases and 46,000 deaths.  Mexico City remains at orange, the second highest level of alert under the national traffic light system for establishing economic and mobility restrictions, and the rest of the country’s 32 states are at either red, the highest alert level, or orange.  The level of business activity remains substantially reduced with respect to pre-COVID levels and no significant improvement is foreseeable in the near term. Continue reading Mexican economy not 100% dead just yet

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pork: U.S.-Mexican pork producer Granjas Carroll de Mexico inaugurated a large pork processing plant in the southern state of Puebla, the company reported. The US$145 million facility is equipped with eight biodigesters to produce clean energy and has processing capacity of 600 hogs per hour. (El Financiero, February 21, 2019)
  • Chemicals: Netherlands-based chemicals maker Nouryon reported it will expand its manufacturing plant in the central State of Mexico. The US$17 million upgrade will allow the site to increase production of organic peroxides used in the manufacture of PVC and other plastics. (El Financiero, February 19, 2019)
  • Automotive: German automotive components manufacturer Preh inaugurated a new pre-production plant in the northeastern city of Nuevo León, the company reported. The US$7.4 million facility will allow Preh to expand production capacity for products such as dashboard electronics, climate control, audio and navigation systems. (Zócalo, February 15, 2019)
  • Telecommunications: Mexican telecommunications multinational América Móvil reported plans to invest approximately US$8.5 billion this year across operations. Resources will support expansion of wireless coverage, data transmission capacity and 5G technology. (El Financiero, February 14, 2019)
  • Mining: UK and Mexico-based mining company Fresnillo reported investment plans totaling approximately US$1.98 billion to support operations in Mexico over the next three years. Plans include acceleration of silver and gold extraction as well as the expansion of the company’s pyrites plant in the northern state of Zacatecas. (El Financiero, February 27, 2019) Continue reading Recent and upcoming investment in Mexico