Tag Archives: information technology

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Telecommunications: Mexican wireless services provider Maxcomm Telecomunicaciones projects investment of approximately US$67 million in 2015, the company reported. Projects are expected to include modernization of the company’s wireless technologies across service offerings. (El Financiero, October 28, 2014)
  • Food processing: U.S. cereal and snack maker Kellogg’s plans investment of approximately US$52 million in Mexico over the next three years, the company reported. Resources will focus on the company’s major production plant in the central state of Querétaro, to upgrade areas such as sustainability, productivity, and innovation and target the healthy-lifestyle market niche. (El Financiero, October 28, 2014)
  • Financial services: Canadian bank Scotiabank announced plans to invest approximately US$266 million in Mexico operations over the next five years. Anticipated projects include expanding the number of cash machines and retail branches in the Mexican market. (Finamex Casa de Bolsa Comentario de Apertura, October 29, 2014)
  • Information technology: Chinese information technology equipment and services giant Huawei plans investment of approximately US$1.5 billion in the central state of Querétaro, the Mexican federal government announced. Projects are expected to include a network operations center, research and development and training facilities. (El Economista, October 28, 2014)
  • Automotive: Mexican high-performance boutique auto maker Vuhl will establish its initial manufacturing plant in the central state of Querétaro, the Querétaro state government reported. The US$10 million facility is expected to produce chassis, suspensions and do the final assembly of the company’s Vuhl 05 model. (Querétaro State Government, October 26, 2014) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: South Korean steel processor POSCO inaugurated a major expansion of its manufacturing facility in the the northeastern state of Tamaulipas.  The US$300 million project will boost production of galvanized steel sheeting for the regional automitive industry. (El Sol de Tampico, January 27, 2014)
  • Personal care: Swedish personal care products manufacturer SCA established a new distribution center in the central state of Hidalgo via investment of US$10 million, the company reported.  SCA is a leader in the Mexican market for absorbent pads for personal hygiene. (El Financiero, January 24, 2014)
  • Energy: Oil drilling contractor Perforadora México, a subsidiary of Mexican extractive industries conglomerate Grupo México, will invest US$400 million to install four new drilling platforms in shallow and medium depth waters of the Gulf of Mexico.  The rigs will provide drilling services for state-owned oil and gas monopoly Petroleos Mexicanos (Pemex). (Reforma, January 27, 2014)
  • Food processing: U.S. snacks maker Pepsico announced planned investment of US$5 billion in Mexico over the next five years to boost production and strengthen local sourcing of raw materials, while Swiss processed foods giant Nestlé announced investment of US$1 billion in Mexico to open two new production plants and upgrade technology at existing sites.  The announcements were made in the context of the World Economic Forum in Davos, Switzerland. (El Financiero, January 24, 2014)
  • Information technology: U.S.-based network technology multinational Cisco Systems will invest approximately US$1.35 billion in its Mexico operations in 2014.  Planned projects include a new support center in Mexico City and expanded production of advanced technology products, the company reported. (El Financiero, January 24, 2014)
  • Automotive: German auto parts maker Ronal Group will establish a manufacturing plant in the northeastern state of San Luís Potosí, the state government reported.  The US$125 million site is planned to produce alloy wheels for regional OEMs such as Volkswagen, Audi, Mercedes Benz, BMW and General Motors. (Reforma, January 21, 2014) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Chemicals: Mexican industrial group Cydsa will invest US$200 million through 2013 to open a new factory and upgrade existing infrastructure, the company announced.  Plans include a new facility to produce bleach and caustic soda as well as projects for the transport and storage of gas from the United States and Canada. (El Financiero, June 19, 2012)
  • Autoparts: German auto parts maker Robert Bosch plans investment of approximately US$140 million in its Mexico operations this year, based on projected domestic sales growth of 10 – 15%.  The company operates eight manufacturing plants around Mexico. (El Financiero, June 20, 2012)
  • Software: U.S. corporate group General Electric will invest US$30 million to expand its Advanced Turbomachinery Engineering Center in the central Mexican state of Querétaro.  The center develops software for GE’s aviation and energy divisions. (El Financiero, June 28, 2012)
  • Aerospace: U.S.-based coatings engineers Ellison Surface Technologies will open a new thermal spray coating and special process facility in the northern state of Sonora, the company announced at the Farnborough air show.  The US$1.5 million location is planned to provide heat treatment and special processes for aerospace components. (El Siglo de Torreón, July 10, 2012)
  • Green building: Spanish bank BBVA has initiated construction of a new corporate tower and a new operations center in central Mexico City, to be built at a combined cost of approximately US$900 million.  The 50-floor corporate building is planned to be LEED-certified, including advanced technology for air quality and reduced consumption of water and electricity. (Reforma, July 6, 2012) Continue reading Recent and upcoming investment in Mexico