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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: S. DIY retailer The Home Depot opened its 123rd Mexico store in the central state of Queretaro, the company reported. The chain is projecting total 2018 investment in Mexico at approximately US$84 million, in areas such as maintenance and modernization of stores and distribution centers. (El Financiero, June 22, 2018)
  • Construction materials: Mexican flooring manufacturer Interceramic inaugurated a new production plant in the central state of Guanajuato, the company reported. The US$80 million site – Interceramic’s tenth plant in the country – will produce floor tiles for the domestic market. (El Financiero, June 21, 2018)
  • Pharmaceutical: U.S. drug maker Pfizer plans investment of approximately US$26 million in Mexico operations this year, the company reported. Projects include the expansion and modernization of Pfizer’s production plant in the central city of Toluca, as well as resources for product research and development. (El Financiero, June 21, 2018)
  • Fuel storage: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the northeastern state of Nuevo León. The US$48 million site is planned to store gasoline and diesel fuels, the company reported. (Reforma, June 20, 2018)
  • Wind power: The Mexican Wind Power Association (AMDEE) projects that the country’s wind energy generation capacity will triple over the next five years via investment of approximately US$12 billion. The group estimates some 8,000 Mw of new capacity will be added, principally through private investment under the 2014 energy sector reform. (El Financiero, June 19, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Cement: Mexican cement producer Elementia plans investment of approximately US$200 million this year in various operations including its plant in the central state of Hidalgo. Resources will support plant expansion and maintenance activities. (Reforma, February 25, 2016)
  • Aluminum: Mexico’s Grupo Vasconia industrial group will invest approximately US$14 million this year to expand its aluminum production capacity in Mexico, the company reported. Vasconia seeks to double production volume over the next five years to supply the domestic automotive industry. (El Financiero, February 22, 2016)
  • Packaging: U.S. jar and can maker Ball Corp. inaugurated a new manufacturing plant in the northeastern state of Nuevo León. The plant is expected to produce principally metal containers for beverage and food products. (El Financiero, February 24, 2016)
  • Electricity: Spanish renewable energy developer Acciona is projecting investment of approximately US$500 million through 2020 in clean energy projects under Mexico’s electricity sector reform. The company is evaluating generation projects using wind, solar and other renewable energy sources. (Reforma, February 25, 2016)
  • Dairy: Mexican dairy products producer Grupo Lala announced plans to establish a milk production plant in the northwestern state of Sonora. The US$19 million site would become the company’s 24th production facility in the country. (Reforma, February 22, 2016) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Logistics: Mexican department store operator Coppel inaugurated a new distribution center in the northwestern state of Sinaloa. Built at a cost of approximately US$20 million, the site will warehouse and ship clothing and furniture for the country’s northwestern region. (El Financiero, May 28, 2015)
  • Brewing: Mexican beer giant Grupo Modelo, owned by Belgium-based Anheuser-Busch InBev, will invest approximately US$182 million to establish a beer-can production plant in the southeastern state of Yucatán, the company reported. Modelo recently announced it will build a new brewery in the same location. (Reuters, May 29, 2015)
  • Mining: Canadian mining company Timmins Gold Corp. announced plans to invest approximately US$200 million in mining operations in the Mexican states of Veracruz, Sonora and Guerrero. Timmins is focused on producing gold in its Mexican mines. (El Norte, May 18, 2015)
  • Electronics: German electronics and engineering multinational Bosch plans investment of approximately US$142 million in Mexico this year, the company reported. Plans include new product development and the construction of a new plant to produce water heaters in the southern state of Morelos. (El Financiero, May 14, 2015)
  • Food processing: Mexican flour and tortilla multinational Gruma plans investment of US$300 million this year in Mexico operations, the company reported. Resources will be applied to upgrade process technologies, expand production capacity and possibly to acquisitions. (El Financiero, May 12, 2015) Continue reading Recent and upcoming investment in Mexico