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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

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Pharmaceutical: Mexican pharmaceutical group Neolpharma inaugurated a new production plant in Mexico City, the company reported.  The US$20 million facility will produce oral and intravenous solutions as well as providing bottling services to other pharmaceutical manufacturers in the area. (Reforma, October 30, 2012)
  • Wind energy: Mexican multinational baking giant Grupo Bimbo inaugurated a new wind power generation plant in the southern state of Oaxaca.  The US$200 million facility boasts installed capacity of 90 Mw and was built by the Mexican subsidiary of Spain’s Renovalia Energy. (CNN Expansión, October 31, 2012)
  • Real estate: The Riviera Nayarit region of Mexico’s Pacific coast has approximately US$160 million worth of new hotel development either underway or projected, the Riviera Nayarit Convention and Visitors Office reported.  Projects include new hotels for chains such as Iberostar, Occidental Grand and Palladium in locations such as Nuevo Vallarta, Bahía Banderas and Litubú. (Mexican Business Web, November 5, 2012)
  • Solar energy: Mexican airport operator Grupo Aeroportuario Centro Norte (OMA) inaugurated a solar power generating park on the site of its international airport in the northern city of Zacatecas.  The US$1 million installation is projected to supply the airport with 370,000 Kw/h per year, according to OMA. (Grupo Aeroportuario Centro Norte, November 1, 2012)
  • Automotive: U.S. auto components manufacturer Johnson Controls will establish a new manufacturing operation in the central state of Queretaro via investment of US$15 million, the state government announced.  (Mexican Business Web, November 7, 2012) Continue reading Recent and upcoming investment in Mexico