Tag Archives: Mining

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Logistics: Mexican industrial warehouse operators IRESA and Basal launched a joint venture called Qualianz, the companies reported. The US$70 million venture offers cold and dry storage at 28 locations in support of the food industry cold chain in Mexico. (El Financiero, March 18, 2020)
  • Telecommunications: Mexican cable television, telephone and internet service provider Megacable reported plans to invest approximately US$400 million during the current year. Programs include installation of fiber optic infrastructure and upgrades to their streaming platform and broadband internet services. (Reforma, March 16, 2020)
  • Sports: Mexican hotel operator and real estate developer Mundo Imperial increased its projected investment in a new tennis arena in Acapulco to US$15 million. The 10,000 seat Arena MIA complex is currently under construction and scheduled to open in early 2021. (Reforma, March 12, 2020)
  • Healthcare: Mexican private hospital operator Grupo Angeles plans to establish a new upscale hospital in Mexico City, local media reported. The US$65 million project will remodel an existing building which will be fully equipped with latest-generation medical equipment. (El Financiero, March 11, 2020)
  • Mining: Mexican mining firm Industrias Peñoles plans to open three new mines in the country this year, the company reported. The US$850 million expansion of operations will boost production of silver and other metals. (El Financiero, March 11, 2020) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Tourism: The Tourism Ministry of the northwestern state of Baja California announced a US$1.5 billion infrastructure development plan to support tourism. Projects include a hotel golf course and marina complex at San Felipe and a new airport for the Pacific coast city of Ensenada. (Reforma, January 28, 2020)
  • Pharmaceutical: U.S. drug maker Pfizer plans approximately US$20 million in investment to support Mexico operations this year, the company reported. Projects include ongoing renovation of the company’s Toluca manufacturing plant, development of clinical research protocols, educational programs and social responsibility projects. (El Financiero, January 27, 2020)
  • Ports: The Mexican government announced infrastructure and logistics firms Caxxor (UK) and Acxesa (Mexico) will invest approximately US$287 million to rehabilitate and expand the Puerto Chiapas port on the Pacific coast of the southern state of Chiapas. Acxesa plans to make further investments to begin operating maritime freight lines from the port to China via Guayaquil, Ecuador. (El Sol de México, January 25, 2020)
  • Logistics: U.S. logistics operator FedEx Express inaugurated an expansion to its fiscal warehousing complex at the international airport in the central city of Toluca, the company reported. The US$24.6 million expansion will allow the company to reduce processing time for both imports and exports at the site. (El Financiero, January 24, 2020)
  • Food processing: Swiss processed foods giant Nestlé reported plans to invest approximately US$700 million to modernize the 17 plants the company operates in Mexico. Projects include US$200 million for an environmentally cutting-edge coffee processing facility in Veracruz as well as latest technologies for boosting productivity, improving operational efficiency, expanding production cpacity and guaranteeing responsible natural resource management. (El Financiero, January 23, 2020) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Oil rigs: Mexican petroleum marine services provider Marinsa invested approximately US$26 million in two offshore oil drilling platforms in the Gulf of Mexico, the company reported. Marinsa is providing rehabilitation and installation services to national oil company Petróleos Mexicanos (Pemex) for the development of 20 offshore oil fields.  (Reforma, July 31, 2019)
  • Electronics: French automation technology multinational Schneider Electric inaugurated a new “intelligent” production plant in the northeastern state of Nuevo León, the company reported. The US$37 million facility is planned to produce devices such as motor controls, lighting panels and safety switches. (Somos Industria, July 2019)
  • Mining: Canadian-owned Compañía Minera Cuzcatlán plans investment of approximately US$12.8 million at its San José del Progreso mine in the southern state of Oaxaca, the company reported. Resources will principally support extended exploration at the silver and gold producing site. (Reforma, July 25, 2019)
  • Hotels: U.S. hotel operator Choice Hotels reported plans to open seven new hotels in Mexico this year via investment of approximately US$39 million. The new properties will target the business travel market and include locations in the cities of Monterrey, Querétaro, Pachuca, Villahermosa, Hermosillo and Mexico City. (Reforma, July 24, 2019)
  • Aviation: Mexican private aviation services provider Redwings reported plans to establish an aircraft maintenance center in the central state of Querétaro. The US$15.8 million FBO facility will provide specialized aircraft services including painting to regional operators. (Somos Industria, July 2019) Continue reading Recent and upcoming investment in Mexico