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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fiber optics: Japanese fiber optic cable manufacturer Furukawa Electric Group inaugurated a new manufacturing facility in the northwestern border city of Mexicali. The US$4.5 million site is expected to produce cable principally for customers in the United States in its initial phase. (Expansión, December 21, 2017)
  • Energy: U.S. gas and oil company Southwest Energy announced plans to invest approximately US$460 million in Mexico’s newly declared Special Economic Zone (ZEE) in the southwestern coastal port of Salina Cruz. Plans include plants for processing natural gas, methanol and synthetic lubricants. (NVI Noticias, December 18, 2017) 
  • Automotive: French tire manufacturer Michelin reported plans to build a new corporate building in the central state of Querétaro at an estimated cost of US$10 million. The new building comes in addition to the US$510 million the company is investing in a manufacturing plant under construction in the adjacent state of Guanajuato. (El Financiero, December 20, 2017)
  • Pet supplies: U.S. pet products specialty retailer Petco, in association with Mexican diversified corporate group Gigante, projects it will open 20 new sales locations in Mexico next year. Investment was not specified for the expansion, which seeks to increase the chain’s total stores in the country to 70. (El Financiero, December 18, 2017)
  • Pharmaceutical: Mexican pharmacy retail chain Farmacias del Ahorro plans to open up to 150 new stores in Mexico in 2018, the company reported. Investment of approximately US$14 million is slated for 44 new stores in the northern cities of Torreón and Mexicali alone. (El Financiero, December 18, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Pharmaceuticals: Following investment of approximately US$117 million, Mexican pharmaceutical manufacturer Landsteiner Scientific will begin production in October at its new plant in the central city of Toluca. The new site includes state-of-the-art technology for the production of generic and biotechnological medications. (Reforma, September 30, 2015)
  • Information technology: U.S. computer technology company Oracle initiated construction on a new Oracle Mexico Development Center in the western state of Jalisco. The US$86 million research and development site will house activities such as technology development and research on data integration, mobile technologies and the internet of things, according to the Jalisco state government. (El Financiero, September 28, 2015)
  • Retail: U.S. DIY home improvement retailer The Home Depot plans investment of approximately US$88 million to expand its presence in Mexico in 2016. Plans include opening five new stores in the country next year. (El Financiero, September 22, 2015)
  • Casual dining: Mexico’s leading operator of casual dining franchises, Alsea, is projecting investment of approximately US$120 million in 2016 to open some 140 new retail locations. Alsea operates restaurant brands including Burger King, Starbucks, Domino’s Pizza, P.F. Chang’s, and others in Mexico. (El Financiero, September 17, 2015)
  • Pet supplies: U.S. pet products specialty retailer Petco plans to open approximately 50 new sales locations in Mexico by 2019, the company reported. Petco currently operates 18 stores in the country in association with Mexican corporate group Grupo Gigante. (Reforma, September 21, 2015) Continue reading Recent and upcoming investment in Mexico