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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:

  • Food processing: Guatemalan food processor Alimentos Idealsa plans to establish four processing plants in the southern state of Chiapas, the Chiapas state government reported. The company’s Mexican subsidiary Naisa Aceitera de la Selva is expected to produce edible oils at the US$105 million complex. (Cuarto Poder de Chiapas, December 23, 2019)
  • Leisure: Mexican cinema operator Cinemex plans to open seven new locations of its Alboa entertainment centers via investment of approximately US$26 million, the company reported. Alboa combines bowling lanes, live music venues and food and cocktails. (El Financiero, December 18, 2019)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) reported plans to invest approximately US$1.2 billion over the next five years to expand and upgrade airport infrastructure. Projects include a new terminal for the Gudalajara airport, a new terminal building in Puerto Vallarta, a passenger processing facility in Tijuana and upgrades to two passenger terminals and possibly a new runway in Los Cabos.  (Reforma, December 13, 2019)
  • Pharmaceutical: French pharmaceutical multinational Sanofi reported investment plans totaling approximately US$77 million through 2023. Resources will support clinical studies and the expansion of a vaccination production plant in the Mexico City area. (El Financiero, December 11, 2019)
  • Natural gas: Mexican natural gas infrastructure operator Fermaca inaugurated a gas pipeline linking southern Texas to the central state of Aguascalientes, local media reported. The US$740 million mega-project has capacity to transport 1.3 billion cubic feet of gas per day. (Natural Gas Intelligence, December 11, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Renewable energy: Mexico’s Federal Electricity Commission (CFE) announced a joint investment with the Inter-American Development Bank (IDB) to install renewable energy technologies in Mexico City’s Central de Abasto food distribution center. Projects include the installation of PV solar panels, a biogas-driven electricity generation plant to recycle organic waste and a biodiesel processing facility to convert used cooking oil into automotive diesel. (La Jornada, May 27, 2019)
  • Wind power: Italian renewable energy developer Enel Green Power inaugurated a wind energy park in the northeastern state of Tamaulipas, the company reported. The US$150 million, 103 Mw site is planned to supply clean power to the national Federal Electricity Commission (CFE) for 15 years. (El Financiero, May 21, 2019)
  • Industrial parks: Mexican industrial real estate developer Vesta inaugurated a new industrial park for the automotive industry in the northeastern state of San Luís Potosí. The company plans to add an additional 11 industrial buildings to the site over the next five years at an estimated cost of US$90 million. (Reforma, May 16, 2019)
  • Airlines: Mexican passenger air carrier Aeromexico announced an investment program of US$3 billion over the next six years. The airline plans to acquire 90 new aircraft as well as equipment  and motors, among other upgrades. (Reforma, May 15, 2019)
  • Food processing: U.S.-based food and beverage multinational Pepsico announced US$4 billion in investment plans for Mexico operations through 2020. Projects include a new savory snacks plant in the central state of Guanajuato as well as upgrades in areas such as infrastructure, sustainability programs and community development. (Reforma, May 7, 2019) Continue reading Recent and upcoming investment in Mexico