Tag Archives: Manufacturing

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Candy: U.S.-based food processing giant Mondelez reported investment of US$133 million in its confectionery plant in the southeastern state of Puebla over the past three years. Resources helped expand production by 40% of chewing gum for brands such as Trident, Clorets and Bubbaloo. (El Financiero, August 31, 2017)
  • Petroleum: Australian mining and oil multinational BHP Billiton plans investment of approximately US$700 million in Mexico oil exploration, principally in the Gulf of Mexico, the company reported. BHP Billiton won rights to explore Gulf oilfields in a Mexican government tender last year. (El Financiero, August 31, 2017)
  • Industrial parks: A consortium of Chinese and Mexican investors including Holley Group, Futon Group and the Santos family began construction of an industrial park in the northeastern state of Nuevo León, local media reported. Investment of US$50 – 60 million is estimated for an initial phase of the facility, which investors project will attract up to 100 Chinese companies over the first 10 years of operation. (Expansión, August 25, 2017)
  • Food processing: Mexican industrial baking giant Grupo Bimbo plans to construct a major new distribution center in Mexico City, the company reported. The US$128 million site is planned to be LEED Gold certified and make use of wind-generated electricity. (Aristegui Noticias, August 29, 2017)
  • Gym equipment: Taiwanese-owned fitness equipment brand Matrix Fitness will invest US$3.5 million in a push to expand its participation in the Mexican market, the company reported. Matrix seeks to expand its market share from 5% to 30% by partnering with sports center chains such as Sport City and Smart Fit. (El Financiero, August 25, 2017) Continue reading Recent and upcoming investment in Mexico

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:

  • Motorcycles: Italian vehicle maker Piaggio plans to introduce its Vespa brand of scooters in the Mexican market. The company will invest US$3 million to open seven Vespa agencies in the coming months in conjunction with Mexican distributor Grupo Zapata, the latter company reported. (El Financiero, November 30, 2016)
  • Retail: Mexican developers Thor Urbana and Grupo Orlegi announced plans to build a major shopping center complex in the northern state of Coahuila. The US$90 million site will be constructed as an adjunct to the soccer stadium home to the popular Santos Laguna club of the Mexican soccer league. (El Financiero, November 30, 2016)
  • Hotels: Mexican hotel operator Grupo Posadas inaugurated three new hotels in the northeastern city of Monterrey at a cost of approximately US$60 million, the company reported. The new properties are designed with aspects specifically targeting the millennial market, according to Posadas. (El Financiero, November 25, 2016)
  • Wind power: Unnamed investors will finance the construction of a 40MW wind energy generation plant in the central state of Querétaro, the state government announced. The US$40 million project is planned to include 40 generation turbines. (El Financiero, November 25, 2016)
  • Construction materials: Mexican flooring manufacturer Interceramic initiated construction on a new production plant in the central state of Guanajuato. The US$80 million factory will become the company’s 10th in Mexico. (Obras Web, November 25, 2016)
  • Biofuel: Mexican engineering firm Soluciones en Ingeniería Naval Marina y Terrestre has obtained a permit to construct a biofuel refinery in the eastern state of Veracruz, the Ministry of Environment and Natural Resources (Semarnat) reported. The cost was not specified for the new facility, which is planned to produce 120 million liters annually of ETI01 ethanol. (El Financiero, November 25, 2016) Continue reading Recent and upcoming investment in Mexico