Tag Archives: Mining

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fuel storage: Mexican diversified conglomerate Grupo México reported plans to construct two new fuel storage terminals, to be located in the cities of Guadalajara and Monterrey. The US$1.04 billion project is planned to supply gasoline, diesel and jet fuel to the two key industrial and population centers. (El Financiero, April 30, 2019)
  • Dairy: Mexican beverage bottler Industria Mexicana de Coca Cola inaugurated a new dairy products plant for its Jugos del Valle – Santa Clara subsidiary in the western state of Jalisco. The US$105 million facility bottles milk as well as packaging other fruit-based beverages. (Reforma, April 30, 2019)
  • Coatings: Swiss-owned industrial coatings maker Oerlikon Balzers inaugurated a US$4.2 million manufacturing plant in the central state of Querétaro, the company reported. Oerlikon Balzers produces protective coatings for the automotive, aerospace, food processing and metal mechanic industries. (El Financiero, April 5, 2019)
  • Retail: Mexican retail operator Grupo Sanborns reported plans to invest approximately US$148 million this year in expansion. Projects include opening 20 new iShop consumer electronics stores and expanding and upgrading the company’s Sears and Sanborns department stores and Mixup home entertainment stores. (El Financiero, April 29, 2019)
  • Food processing: Mexican industrial miller and tortilla producer Gruma reported investment of approximately US$30 million during the first quarter of this year in operations in Mexico and the United States. Projects included construction of a new tortilla factory in the southern state of Puebla, installation of three new corn silos at existing plants and general technology upgrades. (Reforma, April 26, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pork: U.S.-Mexican pork producer Granjas Carroll de Mexico inaugurated a large pork processing plant in the southern state of Puebla, the company reported. The US$145 million facility is equipped with eight biodigesters to produce clean energy and has processing capacity of 600 hogs per hour. (El Financiero, February 21, 2019)
  • Chemicals: Netherlands-based chemicals maker Nouryon reported it will expand its manufacturing plant in the central State of Mexico. The US$17 million upgrade will allow the site to increase production of organic peroxides used in the manufacture of PVC and other plastics. (El Financiero, February 19, 2019)
  • Automotive: German automotive components manufacturer Preh inaugurated a new pre-production plant in the northeastern city of Nuevo León, the company reported. The US$7.4 million facility will allow Preh to expand production capacity for products such as dashboard electronics, climate control, audio and navigation systems. (Zócalo, February 15, 2019)
  • Telecommunications: Mexican telecommunications multinational América Móvil reported plans to invest approximately US$8.5 billion this year across operations. Resources will support expansion of wireless coverage, data transmission capacity and 5G technology. (El Financiero, February 14, 2019)
  • Mining: UK and Mexico-based mining company Fresnillo reported investment plans totaling approximately US$1.98 billion to support operations in Mexico over the next three years. Plans include acceleration of silver and gold extraction as well as the expansion of the company’s pyrites plant in the northern state of Zacatecas. (El Financiero, February 27, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Mining: Canadian mining company Minera Alamos reported it will invest approximately US$27 million in operations in the northern state of Durango. Alamos plans to begin extracting gold and silver at the site in 2019. (El Financiero, December 27, 2018)
  • Coffee: Swiss processed foods giant Nestlé will invest US$154 million to establish a state-of-the-art coffee processing facility in the eastern Gulf state of Veracruz, the Mexican government announced. The plant is projected to process 20,000 tons of green coffee beans per year initially. (Reforma, December 19, 2018)
  • Ethanol: Mexican ethanol producer Bioenergéticos Mexicanos (Biomex) is constructing an ethanol plant in the northeastern state of Tamaulipas, the company reported. The US$90 million facility is intended to supply national oil and gas company Petróleos Mexicanos (Pemex) via an initial annual output of 55 million liters (14.5 million gallons). (Reforma, December 18, 2018)
  • Commercial real estate: An international consortium consisting of Mota-Engil (Portugal), Thor Urbana (Mexico), GFA (Mexico) and Marriott International (USA) announced it will construct a large scale tourism and residential development in the northwestern coastal state of Nayarit. The estimated US$1.8 billion project is planned to include five luxury hotels, a golf course and 2,500 residential units. (Reforma, December 14, 2018)
  • Vehicle fleets: Mexican corporate group Grupo ARHE is projecting approximately US$33 million in investment during the coming year to renovate and upgrade its vehicle fleet. The company operates the Alamo rent-a-car franchise in Mexico. (El Financiero, December 14, 2018) Continue reading Recent and upcoming investment in Mexico