Tag Archives: Manufacturing

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

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Manufacturing: Chinese-owned tool maker Milwaukee Tool announced it will establish a new production plant in the northern state of Coahuila via investment of US$86 million. The company manufactures power tools such as drills, saws, grinders and related products. (El Financiero, August 29, 2019)
  • Energy: Spanish energy multinational Iberdrola will construct two new electricity generation facilities at a combined cost of US$750 million, the company reported. The combined cycle plant in the Gulf coast state of Veracruz and the wind park in the eastern state of Puebla are projected to provide capacity of 1,700 MW. (Reforma, August 22, 2019)
  • Fertilizer: Swiss petrochemical products multinational Proman will move forward to construct an ammonia fertilizer production plant in the northwest state of Sinaloa, the company reported. The US$1.25 billion complex is projected to produce 800,000 tons of agricultural fertilizer annually beginning in 2022, for both the domestic and export markets. (El Financiero, August 14, 2019)
  • Personal care: Brazilian cosmetics multinational Natura constructed a new distribution center in the central State of Mexico at a cost of US$10 million, the company reported. The site is planned to have capacity to process 1,300 orders per hour. (El Financiero, August 15, 2019)
  • Logistics: German logistics multinational DHL announced it will invest US$300 million in Mexico though 2024 to handle booming e-commerce shipping demand. Resources will support operational areas such as retail services, security, technology systems, equipment and general package handling capacity. (El Financiero, August 14, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Vegetable oil: U.S. agricultural commodities trader Cargill expanded its grain processing plant in the central state of Hidalgo to include an additional production and bottling line. The US$16 million upgrade will produce vegetable oil principally to supply Walmart stores, the company reported. (Expansión, March 28, 2019)
  • Railroad: Mexico’s Grupo México corporate group reported investment plans totaling approximately US$555 million to support its railroad subsidiaries Ferromex and Ferrosur. Areas targeted for upgrades include locomotive maintenance, track materials and rehabilitation, new rolling stock and related equipment and land purchases. (Reforma, March 27, 2019)
  • Ports: Major new infrastructure under construction at the Port of Veracruz on Mexico’s Gulf coast will begin entering operation later this year, the Veracruz Port Customs Agents Association reported. The US$3.7 billion upgrade includes four new specialized terminals for fluids, bulk agricultural products, bulk mineral products and containerized and loose cargo. (Reforma, March 25, 2019)
  • Oil refining: The Mexican government invited international companies to bid on the construction of a new oil refinery in the southeastern Gulf coast state of Tabasco. The project, estimated to require investment of US$6 – 8 billion, will include 17 processing plants, 19 storage tanks, a rail line and ship docking facilities. (Reuters, March 18, 2019)
  • Manufacturing: Mexican construction finishings manufacturer Lamosa announced a US$100 million investment plan that includes US$23.3 million to support Mexico operations. The company produces ceramic tile, adhesives and flooring materials at 13 production plants in Mexico. (Reforma, March 14, 2019) Continue reading Recent and upcoming investment in Mexico