Tag Archives: oil rigs

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