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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: Steel producer Ternium, a subsidiary of Argentinian-Italian industrial conglomerate Techint, plans investment of approximately US$300 million to expand its production facility in the northeastern state of Nuevo León.  Plans under consideration include an additional line of galvanized steel sheet to supply a KIA Motors auto manufacturing plant in development in the state. (Reforma, July 24, 2014)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) will invest approximately US$27 million in construction and remodeling for the international airport at the coastal resort of Acapulco, the company reported. Plans include the demolition and reconstruction of the existing terminal building. (Mexican Business Web, July 25, 2014)
  • Consumer goods: German personal care product manufacturer Beiersdorf inaugurated  a new manufacturing plant in the central state of Guanajuato.  The US$130 million facility, planned to produce lotions and other personal hygiene products, is LEED certified and includes a research center. (El Financiero, July 21, 2014)
  • Retail: Upscale department store operator and shopping center developer Liverpool reported plans to invest approximately US$370 million in Mexico operations over the course of this year.  Projects include opening at least four new department store locations under the Liverpool and Fábricas de Francia brands as well as a shopping mall in the central city of Toluca. (Reforma, July 21, 2014)
  • Automotive: Japanese auto maker Toyota plans investment of US$100 million to launch production of a new model in Mexico in 2015.   Toyota currently manufactures autos at a Mazda plant in the central state of Guanajuato. (Reforma, July 17, 2014)
  • Beverage: U.S.-based Coca-Cola Co. announced it will invest approximately US$8.2 billion in Mexico operations through 2020 in joint projects with its eight local bottlers.  Plans include expansion of production, warehousing, recycling, new technology development and sustainability programs. (Wall Street Journal, July 16, 2014) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

  • Automotive: Japanese auto parts manufacturer UtopYa Industries Ltd. announced plans to invest US$13 million to build a new production plant in the central state of Guanajuato.  The site will produce steel rims for passenger cars and buses and light commercial trucks. (Reforma, June 4, 2013)
  • Glass: Mexican industrial glass giant Vitro invested US$50 million to expand production capactiy at its glass making plant in the central state of Queretaro.  Vitro operates 10 bottle making facilities in Mexico as well as joint ventures in Costa Rica, Panama, Guatemala and Bolivia. (Reforma, June 7, 2013)
  • Infrastructure: Mexican oil and gas state monopoly Petroleos Mexicanos (Pemex) will invest approximately US$65 million this year to upgrade infrastructure at seven ports around the country.  Planned projects include modernization of platforms, substructures, roadways, pilings and fire prevention and control systems. (Reforma, May 29, 2013)
  • Plastics: Canadian automotive plastics manufacturer Mitchell Plastics will invest approximately US$20 million to open a plastic injection plant in the central state of Queretaro.  The new facility is planned to open later this year, producing decorative and functional plastic pieces for automotive interiors. (El Universal, May 8, 2013)
  • Manufacturing: Brazilian industrial manufacturer Embraco plans investment of up to US$60 million to expand production capacity at its Mexico plant in the northeastern state of Nuevo Leon.  Resources are targeted to boost output of refrigeration compressors and initiate production of next-generation compressor technology. (Reforma, June 19, 2013) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Hotels: U.S. luxury resort developer AM Resorts plans investment of approximately US$500 million in Mexico over the next three years, the company reported.  Locations for new developments under the company’s brands, which include Secrets, Dreams, Now and Sunscape, include Los Cabos and the Riviera Maya beaches of Akumal and Playa Mujeres. (Reforma, April 1, 2013)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) will invest US$40 million to upgrade its international airport in the western city of Guadalajara.  Projects include expansion of capacity to receive international flights and two new departure gates, the company reported. (Reforma, April 1, 2013)
  • Beverage: Mexican beverage bottler Arca Continental, the world’s third largest bottler of Coca Cola, plans investment of approximately US$340 million this year.  Resources will be dedicated to maintenance and upgrades of bottling plants, and may include acquisitions abroad in the beverage and snack sector, the company reported. (Mexican Business Web, April 19, 2013)
  • Aviation: Mexican airlines plan investment of approximately US$20 billion to purchase up to 250 new aircraft, the National Air Transport Chamber (Canaero) reported.  Aeromexico plans purchases from Boeing, Interjet projects buys from Airbus and Sukhoi, and airlines Volaris, VivaAerobus and others also plan acquisitions, Canaero reported. (El Financiero, April 1, 2013)
  • Electrical: French electrical engineering multinational Schneider Electric will invest US$80 million in Mexico this year, the company reported.  Projects include completion of a research center in Monterrey as well as work on plants and clean energy projects for state-owned oil monopoly Petroleos Mexicanos (Pemex). (Reforma, April 8, 2013) Continue reading Recent and upcoming investment in Mexico