Tag Archives: construction

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Chemicals: U.S. chemical firm The Chemours Company initiated construction on a new production plant in the northern state of Durango, the company reported. The US$150 million facility is planned to produce solid sodium cyanide for the Mexican mining industry. (The Chemours Company, June 26, 2017)
  • Commercial real estate: Mexican real estate developers Fibra Shop and Grupo Frel will team up to expand existing retail complexes in the coastal tourist locations of Cancun and Los Cabos at a cost of approximately US$111 million, the companies reported. The expansions will incorporate the companies’ “Espacio Latino” marketing concept, which highlights Mexican culture, folklore, gastronomy and design into the shopping mall environment. (El Financiero, June 30, 2017)
  • Gas stations: Mexican gas station operator Grupo Lodemo reported plans to invest approximately US$5.6 million to convert 16 of its stations from the government-owned Pemex brand to the company’s own La Gas brand. Lodemo seeks to close the year with 50 locations in operation under the La Gas brand in the southeastern state of Yucatan. (El Financiero, June 29, 2017)
  • Electronics: French automation technology multinational Schneider Electric reported plans to invest US$10 million in manufacturing operations in the northwest state of Baja California. Resources will support production of thermal magnetic circuit breakers. (El Economista, June 21, 2017)
  • Aerospace: U.S. aerospace composites and textiles manufacturer Albany International plans approximately US$14 million of investment in the central state of Querétaro, the state government reported from the Paris Air Show. The resources are expected to support composite manufacturing operations in the state. (AM de Querétaro, June 20, 2017) Continue reading Recent and upcoming investment in Mexico

Mexico City seeing high-rise boom

ConstructionThe Mexican construction industry experienced a fairly robust recovery in 2015 after a rough patch in 2013 through mid-2014, even though monthly growth dipped toward the end of the year.  This year started out well enough, but in February the Mexican government announced major cuts to the current budget that would have a substantial impact on infrastructure development, and growth slipped again in March (see graph below).  The news came as a blow to the industry, as ambitious plans for various types of infrastructure projects during the Peña administration have been significantly rolled back due largely to major revenue shortfalls resulting from declining oil production and a steep drop in world oil prices.  But what appears to be a boom of sorts in the construction of high-rise buildings in Mexico City and other parts of the country is helping to divert attention from the infrastructure slump and generate some important activity for the industry. Continue reading Mexico City seeing high-rise boom

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