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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fuel storage: Mexican diversified conglomerate Grupo México reported plans to construct two new fuel storage terminals, to be located in the cities of Guadalajara and Monterrey. The US$1.04 billion project is planned to supply gasoline, diesel and jet fuel to the two key industrial and population centers. (El Financiero, April 30, 2019)
  • Dairy: Mexican beverage bottler Industria Mexicana de Coca Cola inaugurated a new dairy products plant for its Jugos del Valle – Santa Clara subsidiary in the western state of Jalisco. The US$105 million facility bottles milk as well as packaging other fruit-based beverages. (Reforma, April 30, 2019)
  • Coatings: Swiss-owned industrial coatings maker Oerlikon Balzers inaugurated a US$4.2 million manufacturing plant in the central state of Querétaro, the company reported. Oerlikon Balzers produces protective coatings for the automotive, aerospace, food processing and metal mechanic industries. (El Financiero, April 5, 2019)
  • Retail: Mexican retail operator Grupo Sanborns reported plans to invest approximately US$148 million this year in expansion. Projects include opening 20 new iShop consumer electronics stores and expanding and upgrading the company’s Sears and Sanborns department stores and Mixup home entertainment stores. (El Financiero, April 29, 2019)
  • Food processing: Mexican industrial miller and tortilla producer Gruma reported investment of approximately US$30 million during the first quarter of this year in operations in Mexico and the United States. Projects included construction of a new tortilla factory in the southern state of Puebla, installation of three new corn silos at existing plants and general technology upgrades. (Reforma, April 26, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Construction: Portuguese industrial conglomerate Mota-Engil is planning US$1.8 billion in residential and luxury hotel developments in Mexico, the company reported. Projects include 2,500 beachfront residential units in the northwestern state of Nayarit, five new hotels and a golf course. (El Financiero, April 27, 2016)
  • Chemicals: Japanese chemical producer Mitsui Chemicals and South Korean petrochemical company SKC Polyurethanes will jointly establish a manufacturing plant in the northeastern state of Nuevo León, the state government reported. The US$8.2 million site is planned to provide polyurethane resin components for suppliers to a Kia Motors factory under construction in the area. (Reforma, April 27, 2016)
  • Ports: The Mexican subsidiary of U.S.-based port operator SSA Marine reported plans to construct a port terminal specialized for the handling of automobiles. The US$50 million loading dock will be installed at the Pacific coast port of Lázaro Cárdenas. (Reforma, April 22, 2016)
  • Electronics: Japanese electronics manufacturer Pioneer initiated construction of a new manufacturing plant in the western state of Jalisco, the company reported. The US$11.4 million site is planned to produce audio components for regional automotive EOMs. (Mexican Business Web, April 22, 2016)
  • Automotive: Italian tire maker Pirelli is projecting investment of approximately US$200 million over the next three years to establish a manufacturing plant in the central state of Guanajuato, the company reported. Slated for inauguration in 2017, the factory is planned to produce 2.5 million tires annually. (Reforma, April 21, 2016) 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