Tag Archives: fuel storage

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Biogas: Mexican waste management firm Promotora Ambiental (PASA) inaugurated a biogas-powered electricity generation plant in the central state of Guanajuato, the state government reported. The site will draw on biomass from the municipal waste disposal site of the state capital of León. (El Heraldo de Léon, October 25, 2019)
  • Coffee: Swiss processed foods giant Nestlé announced it will expand its new coffee processing plant currently under construction in the eastern Gulf state of Veracruz, via additional investment of approximately US$46 million. The company plans to acquire more equipment than originally projected for the processing of up to 20,000 tons of green coffee beans per year. (Reforma, October 23, 2019)
  • Tourism: Mexican adventure park operator Grupo Xcaret reported plans to invest approximately US$400 million through 2027 in the country’s southeastern coastal tourism region. Projects include sustainably constructed hotels and a new ecologically themed amusement park. (El Financiero, October 21, 2019)
  • Food processing: Processed foods producer Qualtia Lacteos, subsidiary of Mexican diversified industrial conglomerate Grupo Xignux, will establish a new cheese factory in the central state of Querétaro at an approximate cost of US$15 million, the company reported. The 30,000 square foot plant is projected to enter into operation in 2020. (Reforma, October 17, 2019)
  • Cement: Swiss building materials multinational Holcim announced it will construct a new production plant in the southeastern state of Yucatan. The US$40 million site is planned to produce 650,000 tons of cement annually. (El Financiero, October 18, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Airports: Mexico’s Ministry of Communications and Transport (SCT) launched a US$22 million expansion of the current Mexico City airport, the ministry reported. Construction, which will include seven new arrival and departure gates as well as access roads, will be led by contractors Epccor (Mexico) and Sacyr (Spain). (Reforma, September 25, 2019)
  • Manufacturing: Japanese-Mexican manufacturing joint venture Yamada-Vistamex completed an expansion of its production plant in the central state of Guanajuato, the company reported. The US$3 million upgrade will allow the operation to boost production of personal care products and home plastics for clients such as P&G, Tupperware, Crane and Force of Nature. (Somos Industria, September 2019)
  • HVAC: Swedish diversified corporate group Dometic inaugurated a new manufacturing plant in the northeastern state of Nuevo León, local media reported. The facility, for which the amount of investment was not specified, will produce various types of air conditioning systems. (Somos Industria, September 2019)
  • Ports: Port operator Contecon, subsidiary of Philippines-based International Container Terminal Services, announced it will invest approximately US$250 million to expand its concession at the Pacific coast port of Manzanillo. Contecon currently handles 35% of the freight moved through the port, principally for manufacturing industries such as automotive and appliances. (El Financiero, September 19, 2019)
  • Leisure: Mexican theme park operator Ventura Entertainment announced plans to establish two new golf-themed venues in Monterrey and Mexico City via investment of approximately US$41 million. The sites will operate under the TopGolf brand through a franchise agreement with U.S.-based TopGolf. (Reforma, September 16, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fuel storage: Mexican diversified conglomerate Grupo México reported plans to construct two new fuel storage terminals, to be located in the cities of Guadalajara and Monterrey. The US$1.04 billion project is planned to supply gasoline, diesel and jet fuel to the two key industrial and population centers. (El Financiero, April 30, 2019)
  • Dairy: Mexican beverage bottler Industria Mexicana de Coca Cola inaugurated a new dairy products plant for its Jugos del Valle – Santa Clara subsidiary in the western state of Jalisco. The US$105 million facility bottles milk as well as packaging other fruit-based beverages. (Reforma, April 30, 2019)
  • Coatings: Swiss-owned industrial coatings maker Oerlikon Balzers inaugurated a US$4.2 million manufacturing plant in the central state of Querétaro, the company reported. Oerlikon Balzers produces protective coatings for the automotive, aerospace, food processing and metal mechanic industries. (El Financiero, April 5, 2019)
  • Retail: Mexican retail operator Grupo Sanborns reported plans to invest approximately US$148 million this year in expansion. Projects include opening 20 new iShop consumer electronics stores and expanding and upgrading the company’s Sears and Sanborns department stores and Mixup home entertainment stores. (El Financiero, April 29, 2019)
  • Food processing: Mexican industrial miller and tortilla producer Gruma reported investment of approximately US$30 million during the first quarter of this year in operations in Mexico and the United States. Projects included construction of a new tortilla factory in the southern state of Puebla, installation of three new corn silos at existing plants and general technology upgrades. (Reforma, April 26, 2019) Continue reading Recent and upcoming investment in Mexico