Tag Archives: cosmetics

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fiber optics: Japanese fiber optic cable manufacturer Furukawa Electric Group inaugurated a new manufacturing facility in the northwestern border city of Mexicali. The US$4.5 million site is expected to produce cable principally for customers in the United States in its initial phase. (Expansión, December 21, 2017)
  • Energy: U.S. gas and oil company Southwest Energy announced plans to invest approximately US$460 million in Mexico’s newly declared Special Economic Zone (ZEE) in the southwestern coastal port of Salina Cruz. Plans include plants for processing natural gas, methanol and synthetic lubricants. (NVI Noticias, December 18, 2017) 
  • Automotive: French tire manufacturer Michelin reported plans to build a new corporate building in the central state of Querétaro at an estimated cost of US$10 million. The new building comes in addition to the US$510 million the company is investing in a manufacturing plant under construction in the adjacent state of Guanajuato. (El Financiero, December 20, 2017)
  • Pet supplies: U.S. pet products specialty retailer Petco, in association with Mexican diversified corporate group Gigante, projects it will open 20 new sales locations in Mexico next year. Investment was not specified for the expansion, which seeks to increase the chain’s total stores in the country to 70. (El Financiero, December 18, 2017)
  • Pharmaceutical: Mexican pharmacy retail chain Farmacias del Ahorro plans to open up to 150 new stores in Mexico in 2018, the company reported. Investment of approximately US$14 million is slated for 44 new stores in the northern cities of Torreón and Mexicali alone. (El Financiero, December 18, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Food processing: Mexican dairy giant Grupo Lala announced projected investment of approximately US$400 million over the next two years.  Planned projects include acquisition of new primary and secondary transport fleets and development of new production plants in Mexico and Central America. (El Financiero, November 26, 2013)
  • Cosmetics: Peru-based personal care products manufacturer Belcorp announced it will establish a new production plant in the central Mexican state of Queretaro.  The US$110 million site is planned to produce cosmetics for the US$25 billion Mexican market as well as for export to Central America. (El Financiero, November 20, 2013) 
  • Automotive: German auto parts manufacturer Novem inaugurated a new production plant in the central state of Queretaro.  The US$30 million facility will produce interior components for OEMs including BMW and Mercedes Benz, the company reported. (Inqro, November 14, 2013)
  • Wind power: Italian renewable energy developer Enel Green Power announced it has initiated construction of a US$160 million wind park in the southern state of Oaxaca.  The facility is planned to have 34 turbines for installed capacity of 102 MW. (El Financiero, November 13, 2013)
  • Construction: Spanish property developer OHL will invest approximately US$1 billion to build a major new residential complex in the Riviera Maya location of Playa del Carmen, the company reported.  The project will incororate sustainable development practices and include commercial, cultural and sports infrastructure as well as nature conservation zones. (Metros Cúbicos, November 13, 2013) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment

  • Aerospace: Mexican aerospace manufacturer Hydra Technologies closed the first sale of its Ehecatl unmanned aircraft to a foreign customer at the Paris Air Show this month.  Hydra’s export order by a Canadian buyer, the value of which was not revealed, includes six aircraft, supporting equipment and services.  The contract represents the first export order of completed aircraft designed and built by a Mexican company, a major step forward for the country’s burgeoning aerospace industry.
  • Automotive: Japanese automaker Mazda at long last confirmed rumors that it will build a major new production facility in the central Mexican city of Salamanca, Guanajuato State.  The US$500 million facility, planned to produce next-generation engines and automobiles, is scheduled to open in 2013.
  • Trade: Chinese trade promotion agency Chinamex announced plans to build a Dragon Mart shopping center in Cancun, Mexico, via initial investment of US$150 million.  The complex, which will offer exhibition space, importation facilities, retail and wholesale outlets and restaurants, is intended to promote exports by small and medium sized Chinese companies.
  • Logistics: Mexican courier and logistics company Redpack inaugurated a new Operations Center in the western city of Guadalajara, Jalisco.  The US$6 million facility provides freight yards, warehousing, loading docks and office space to facilitate the company’s freight management for the western region.
  • Automotive: Platinum Tool Technologies, a Canadian manufacturer of molds for the automotive industry, formally inaugurated its plant in the northern state of Coahuila following US$1.75 million in investment. The facility provides high quality repairs, maintenance and engineering changes for molds and tooling.
  • Health care: A consortium of public and private institutions in Monterrey, Nuevo León, is projecting investment of US$400 million over the coming years to develop a health care cluster to be called “Monterrey City of Health”.  The project involves hospitals, laboratories, universities and research centers, and is intended to attract patients and health professionals from elsewhere in Mexico and around the world for advanced care and professional opportunities. Continue reading Recent and upcoming investment