Tag Archives: petrochemicals

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Automotive: German auto parts maker ZF Group announced it will undertake a US$86 million expansion to its manufacturing plant in the central state of Querétaro. The increase in production capacity will allow the company to boost output of steering systems at the site. (Somos Industria, March 31, 2021)
  • Logistics: Mexican logistics operator Henco Global inaugurated a new 540,000 sq. ft. warehousing and distribution facility in the central State of Mexico, the company reported. Total investment was not specified for the site, which was reportedly designed to support Mexico’s fast-growing demand for e-commerce shipping. (T21, March 25, 2021)
  • Railroad: U.S.-owned rail freight operator Kansas City Southern de México (KCSM) is projecting investment of approximately US$118 million this year in upgrades for Mexico operations. Areas targeted for improvement or expansion include infrastructure such as a new clearing yard, cranes, signaling equipment and sidetrack, as well as rolling stock and operational systems technology. (T21, March 26, 2021)
  • Metal forming: U.S. sheet metal manufacturer Tenere announced plans to move its Mexico operations into a larger 180,000 square foot plant in the northeastern state of Nuevo León. Total investment was not specified for the expansion, which is projected to allow the company to double its output of sheet metal enclosures, racks, chassis and cabinets for clients in the cloud infrastructure, network architecture, fiber optics and renewable energy industries. (Mexico Industry, February 2021)
  • Electric vehicles: Swedish car and truck maker Volvo announced plans to invest in 300 charging stations for electric vehicles in Mexico, in support of the company’s plan to transition to all electric or hybrid vehicles by 2030. The amount of investment was not specified for the project, which will be carried out in partnership with Italian-owned electricity technology company Enel X. (Cluster Industrial, March 24, 2021) Continue reading Recent and upcoming investment in Mexico

Slow December as restrictions tighten

Mexico City returned to red last month on the epidemiological traffic light system, indicating saturation of hospital beds and the highest degree of restrictions on business activity and movement.  The rate of increase in cases of COVID-19 is uneven across the country’s 32 states however overall the spread of the virus continues to increase rather than to decrease.  Despite this, many coastal tourism zones remain in operation and received a substantial number of visitors from within Mexico as well as from the United States during the year-end holiday period.  Mexico has begun to receive and distribute the U.S.-developed Pfizer-BioNTech vaccine, and plans to begin importing the Chinese CanSino vaccine in January. Continue reading Slow December as restrictions tighten

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Electronics: Italian electronics manufacturer OMP Mechtron is constructing a new plant in the western state of Jalisco.  The US$2.6 million site will produce mobile phone components for regional markets in the Americas. (El Financiero, October 24, 2013)
  • Construction: Mexican hydraulic fixture manufacturer Urrea estimates investment this year at up to US$10 million, the company reported.  The maker of bathroom fixtures such as faucets and related finishings invests annually in production line upgrades. (Mexican Business Web, October 25, 2013)
  • Aviation: Mexican low-cost airline VivaAerobus plans aircraft acquisitions worth up to US$5.1 billion over the next eight years.  VivaAerobus is converting its fleet to Airbus aircraft to reduce fuel and maintenance costs, the company reported.  (El Financiero, October 22, 2013)
  • Logistics: Mexican courier Redpack plans to open a new operations center in the central State of Mexico.  The US$7 million facility will boost the firm’s capacity to serve industries such as autoparts, technology and financial services. (Mexican Business Web, October 24, 2013)
  • Food processing: Swiss processed foods giant Nestlé will build a new production plant in Mexico at an estimated cost of US$400 million.  The site, planned to produce milk and formula products, will become the company’s fifth plant in Mexico. (Reforma, October 22, 2013)
  • Apparel: U.S. clothing manufacturer Benefit Apparel will invest US$5 million to open a sewing plant in the western state of Jalisco.  The facility is planned to carry out in-bond (maquila) export manufacturing for brands such as Ross, Forever 21 and Adidas. (El Occidental, October 21, 2013) Continue reading Recent and upcoming investment in Mexico