Tag Archives: infrastructure

Mexico launches Special Economic Zones

ZEEs Source: Dinero en Imagen

Throughout the fourth quarter of 2017, pundits and business media in general in Mexico have focused mainly on the jarring ups and downs of NAFTA renegotiations between the United States, Mexico and Canada.  As the year winds down, this topic has lately been eclipsed by the passage of tax reform legislation in the U.S., and at least on this side of the border, how it might affect the Mexican economy going forward.  These high profile issues have served to overshadow an economic development initiative in Mexico that otherwise might have captured more attention: The declaration of Zonas Económicas Especiales (ZEE), or Special Economic Zones, aimed at stimulating investment in six southern states.  Continue reading Mexico launches Special Economic Zones

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:

  • Infrastructure: Mexican President Enrique Peña Nieto presented the National Infrastructure Program for his six-year administration this month.  The plan calls for approximately US$587 billion in earmarked spending, with major financing coming for gas pipeline construction, fiber optic network expansion and high-speed passenger train lines, among other projects. (El Financiero, April 29, 2014)
  • Wind power: Mexican mining firm Peñoles and Spanish renewable energy developer EDP Renováveis announced they will jointly construct a wind power generation park in the northern state of Coahuila.  The facility is projected to have installed capacity of 180 MW and will provide power for Peñoles’ internal needs.  The amount of investment was not specified. (El Financiero, April 28, 2014)
  • Packaging: Swedish-Swiss packaging manufacturer Tetra Pak plans expansion of its production plant in the central state of Querétaro at a cost of approximately US$100 million.  Upgrades will focus on boosting lamination capacity in the face of annual growth of over 4% in the company’s Mexico market. (El Economista, April 20, 2014)
  • Retail: Mexican appliance and general merchandise retailer Coppel is estimating its 2014 investment at approximately US$175 million to expand its footprint.  The chain’s plans include opening 110 new retail locations. (El Financiero, April 11, 2014)
  • Automotive: Mexican industrial park developer Vesta acquired land in the central state of Tlaxcala to build a new manufacturing park for the automotive industry.  The US$22 million complex is intended to serve suppliers to a new OEM plant for German auto maker Audi projected to start production in 2016 in the nearby state of Puebla. (Vesta, April 9, 2014) Continue reading Recent and upcoming investment in Mexico