Tag Archives: leisure

COVID, investment both up in January

COVID-19

The COVID-19 pandemic continued to lash Mexico in January with no respite in sight.  The number of new cases and deaths reached historic highs during the month, and the country’s level of excess mortality ranked second highest in the world.  Mexico City and 13 other states remain at red on the epidemiological traffic light, signifying the highest level of restriction on economic activity and movement.  Hospital bed occupation in the capital is close to 90%, and only one of Mexico’s 32 states, Campeche, is at the green or lowest level of restrictions.  At this time, both President Andrés Manuel López Obrador and Carlos Slim, Mexico’s wealthiest man, are ill with COVID-19. Continue reading COVID, investment both up in January

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Food processing: Guatemalan food processor Alimentos Idealsa plans to establish four processing plants in the southern state of Chiapas, the Chiapas state government reported. The company’s Mexican subsidiary Naisa Aceitera de la Selva is expected to produce edible oils at the US$105 million complex. (Cuarto Poder de Chiapas, December 23, 2019)
  • Leisure: Mexican cinema operator Cinemex plans to open seven new locations of its Alboa entertainment centers via investment of approximately US$26 million, the company reported. Alboa combines bowling lanes, live music venues and food and cocktails. (El Financiero, December 18, 2019)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) reported plans to invest approximately US$1.2 billion over the next five years to expand and upgrade airport infrastructure. Projects include a new terminal for the Gudalajara airport, a new terminal building in Puerto Vallarta, a passenger processing facility in Tijuana and upgrades to two passenger terminals and possibly a new runway in Los Cabos.  (Reforma, December 13, 2019)
  • Pharmaceutical: French pharmaceutical multinational Sanofi reported investment plans totaling approximately US$77 million through 2023. Resources will support clinical studies and the expansion of a vaccination production plant in the Mexico City area. (El Financiero, December 11, 2019)
  • Natural gas: Mexican natural gas infrastructure operator Fermaca inaugurated a gas pipeline linking southern Texas to the central state of Aguascalientes, local media reported. The US$740 million mega-project has capacity to transport 1.3 billion cubic feet of gas per day. (Natural Gas Intelligence, December 11, 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