Tag Archives: Energy

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Oil rigs: Mexican petroleum marine services provider Marinsa invested approximately US$26 million in two offshore oil drilling platforms in the Gulf of Mexico, the company reported. Marinsa is providing rehabilitation and installation services to national oil company Petróleos Mexicanos (Pemex) for the development of 20 offshore oil fields.  (Reforma, July 31, 2019)
  • Electronics: French automation technology multinational Schneider Electric inaugurated a new “intelligent” production plant in the northeastern state of Nuevo León, the company reported. The US$37 million facility is planned to produce devices such as motor controls, lighting panels and safety switches. (Somos Industria, July 2019)
  • Mining: Canadian-owned Compañía Minera Cuzcatlán plans investment of approximately US$12.8 million at its San José del Progreso mine in the southern state of Oaxaca, the company reported. Resources will principally support extended exploration at the silver and gold producing site. (Reforma, July 25, 2019)
  • Hotels: U.S. hotel operator Choice Hotels reported plans to open seven new hotels in Mexico this year via investment of approximately US$39 million. The new properties will target the business travel market and include locations in the cities of Monterrey, Querétaro, Pachuca, Villahermosa, Hermosillo and Mexico City. (Reforma, July 24, 2019)
  • Aviation: Mexican private aviation services provider Redwings reported plans to establish an aircraft maintenance center in the central state of Querétaro. The US$15.8 million FBO facility will provide specialized aircraft services including painting to regional operators. (Somos Industria, July 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Renewable energy: Mexico’s Federal Electricity Commission (CFE) announced a joint investment with the Inter-American Development Bank (IDB) to install renewable energy technologies in Mexico City’s Central de Abasto food distribution center. Projects include the installation of PV solar panels, a biogas-driven electricity generation plant to recycle organic waste and a biodiesel processing facility to convert used cooking oil into automotive diesel. (La Jornada, May 27, 2019)
  • Wind power: Italian renewable energy developer Enel Green Power inaugurated a wind energy park in the northeastern state of Tamaulipas, the company reported. The US$150 million, 103 Mw site is planned to supply clean power to the national Federal Electricity Commission (CFE) for 15 years. (El Financiero, May 21, 2019)
  • Industrial parks: Mexican industrial real estate developer Vesta inaugurated a new industrial park for the automotive industry in the northeastern state of San Luís Potosí. The company plans to add an additional 11 industrial buildings to the site over the next five years at an estimated cost of US$90 million. (Reforma, May 16, 2019)
  • Airlines: Mexican passenger air carrier Aeromexico announced an investment program of US$3 billion over the next six years. The airline plans to acquire 90 new aircraft as well as equipment  and motors, among other upgrades. (Reforma, May 15, 2019)
  • Food processing: U.S.-based food and beverage multinational Pepsico announced US$4 billion in investment plans for Mexico operations through 2020. Projects include a new savory snacks plant in the central state of Guanajuato as well as upgrades in areas such as infrastructure, sustainability programs and community development. (Reforma, May 7, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Solar power: Italian renewable energy developer Enel Green Power inaugurated a solar energy generation plant in the central state of Guanajuato, the company reported. The US$220 million facility is projected to have a maximum capacity of 238 Mw. (Reforma, May 24, 2018)
  • Pharmacies: Mexican pharmacy chain operator Farmacias del Ahorro plan to open 200 new stores this year, the company reported. Investment was not specified for the expansion, which is expected to focus on the four northwestern states of Baja California, Sonora, Sinaloa and Colima. (Reforma, May 25, 2018)
  • Retail: Mexican department store chain Elektra projects it will open 90 stores in the country this year at a cost of approximately US$203 million. Despite the rapid growth of e-commerce, Elektra has opened 182 new physical sales locations over the past two years. (Forbes en Español, May 22, 2018)
  • Electricity: Mexican energy developer Rengen Energy Solutions plans investment of approximately US$400 million to build electricity generation plants for private industrial operations, the company reported. Plans in development include eight plants for industrial clusters seeking to take advantage of electricity generation by private producers now permitted under Mexico’s recent energy reform. (El Financiero, May 17, 2018)
  • Fuel storage: Private companies are currently undertaking construction of 48 new fuel storage terminals in Mexico via combined investment of approximately US$2.7 billion, Mexico’s Energy Ministry (Sener) reported. The new projects are projected to add 31 million barrels of storage capacity and extend inventories from three to 13 days by 2022. (El Financiero, May 17, 2018) Continue reading Recent and upcoming investment in Mexico