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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Chemicals: U.S. chemical firm The Chemours Company initiated construction on a new production plant in the northern state of Durango, the company reported. The US$150 million facility is planned to produce solid sodium cyanide for the Mexican mining industry. (The Chemours Company, June 26, 2017)
  • Commercial real estate: Mexican real estate developers Fibra Shop and Grupo Frel will team up to expand existing retail complexes in the coastal tourist locations of Cancun and Los Cabos at a cost of approximately US$111 million, the companies reported. The expansions will incorporate the companies’ “Espacio Latino” marketing concept, which highlights Mexican culture, folklore, gastronomy and design into the shopping mall environment. (El Financiero, June 30, 2017)
  • Gas stations: Mexican gas station operator Grupo Lodemo reported plans to invest approximately US$5.6 million to convert 16 of its stations from the government-owned Pemex brand to the company’s own La Gas brand. Lodemo seeks to close the year with 50 locations in operation under the La Gas brand in the southeastern state of Yucatan. (El Financiero, June 29, 2017)
  • Electronics: French automation technology multinational Schneider Electric reported plans to invest US$10 million in manufacturing operations in the northwest state of Baja California. Resources will support production of thermal magnetic circuit breakers. (El Economista, June 21, 2017)
  • Aerospace: U.S. aerospace composites and textiles manufacturer Albany International plans approximately US$14 million of investment in the central state of Querétaro, the state government reported from the Paris Air Show. The resources are expected to support composite manufacturing operations in the state. (AM de Querétaro, June 20, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: Mexican steel producer Altos Hornos de México (AHMSA) inaugurated a steel plate normalizing plant in the northern state of Coahuila. The US$140 million facility is expected to process steel for rail tanker cars, marine vessels and other applications requiring hardened steel. (El Tiempo, June 28, 2016)
  • Commercial real estate: Mexican developer GICSA is projecting approximately US$1.6 billion to build 15 shopping centers and mixed-use developments through 2018, the company reported. Projects include luxury sites in resort areas Playa del Carmen and Puerto Vallarta, as well as the Mexico City and Cuernavaca areas. (El Financiero, June 22, 2016)
  • Infrastructure: Canadian investment group Caisse de dépôt et placement du Québec (CDPQ) plans joint investment of US$834.5 million with Mexican investment consortium CKD Infraestructura México to develop infrastructure projects in Mexico, the Mexican government reported. Projects are expected to focus on electricity generation, transmission and distribution. (El Financiero, June 28, 2016)
  • Healthcare: U.S. wellness services provider Cenegenics plans investment of approximately US$10 million over the coming two years to open 10 clinics in Mexico, the company reported. Cenegenics’ program of “age management medicine” targets premium level consumers. (Reforma, June 17, 2016)
  • Aerospace: Spanish aerospace engine and turbine manufacturer ITP plans to expand production capacity at its plant in the central state of Querétaro, the company reported. The US$50 million investment will support design and production of components such as fuselages, radial structures, seals and hydraulic systems. (Reforma, June 20, 2016) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Tires: U.S. tire maker Goodyear announced it will build a major new manufacturing plant in Mexico’s northeastern state of San Luís Potosí at a cost of approximately US$550 million. The facility, intended principally to supply the region’s booming automotive industry, is expected to come on line in 2017. (La Crónica, April 24, 2015)
  • Ports: U.S. rail and marine terminal operator Grupo Carrix plans investment of approximately US$670 million in Mexico through 2018, the company reported. Projects include completion of a new cutting edge port terminal at Tuxpan on the Gulf of Mexico. (El Economista, April 23, 2015)
  • Industrial parks: Mexican industrial real estate developer Vesta plans to build a new industrial park near the tourism center of San Miguel de Allende, the company reported. The US$61 million project aims to take advantage of the rapidly expanding automotive industry in the central state of Guanajuato. (El Financiero, April 23, 2015)
  • Packaging: U.S. jar and can maker Ball Corp. will establish a manufacturing plant in Mexico, the company reported. The new facility is planned to produce metal cans to meet demand from thriving beer production in the country. (Denver Post, April 20, 2015)
  • Transport: U.S. railroad freight car equipment manufacturer Greenbrier inaugurated a new production plant in the central state of Tlaxcala, the company reported. The site, for which the amount of investment was not specified, will produce boxcars, gondolas and hoppers principally for export to the United States. (Mexican Business Web, April 21, 2015) Continue reading Recent and upcoming investment in Mexico