Tag Archives: Energy

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

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 beverage bottler Arca Continental reported plans to invest approximately US$210 million in Mexico operations during the current year. Areas earmarked for upgrades include new chilling equipment, production lines, transport equipment and information technologies. (El Financiero, April 28, 2017)
  • Solar power: The government of the western state of Jalisco initiated construction of a solar energy generation facility in conjunction with Mexican electrical engineering company Fortius Electromecánica, the state government reported. The projected    8 Mw capacity site will require an estimated US$22 million including a planned future expansion. (Manufactura, April 26, 2017)
  • Paper: Chilean-owned personal care tissue maker Absormex reported plans to invest US$25 million to expand Mexico manufacturing operations this year. Absormex products include bathroom tissue, diapers and sanitary napkins.  (Reforma, April 25, 2017)
  • Gas stations: Mexican fuel retailer Natgas is projecting it will open 32 new vehicular natural gas fueling stations by 2021. The cost of the expansion was not specified for the plans, which are intended to provide service to high volume users such as taxis, municipal transport systems and vehicle fleets in the country’s central Bajío region. (El Financiero, April 20. 2017)
  • Fuel transport: Mexican construction company Grupo Mexicano de Desarrollo (GMD) plans investment of US$50 million to expand its fuel transport and storage operations, the company reported. Projects are expected to include the construction of pipelines and storage tanks to support liquid fuel handling at port locations. (April 20, 2017) Continue reading Recent and upcoming investment in Mexico