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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 last month:

  • Food & beverage: Mexican beverage bottler Arca Continental plans investment of approximately US$195 million in Mexico operations this year, the company reported. Projects are expected to include purchase of refrigeration systems, upgrades to production lines and acquisition of transport equipment, among others. (El Financiero, April 27, 2018)
  • E-commerce: Brazil-based e-commerce portal MercadoLibre plans investment of approximately US$275 million to boost operations in the Mexico market, the company reported. Resources will support construction of two distribution centers in the Mexico City area, as well as an expanded loyalty program and shipping systems. (Milenio, April 26, 2018)
  • Automotive: Mexican electric car manufacturer Zacua announced the inauguration of its first manufacturing plant, in the southeastern state of Puebla. The US$27 million production site reportedly will produce the first electric car made entirely in Mexico. (Auto Motores Informa, April 25, 2018)
  • Pharmaceutical: French pharmaceutical multinational Sanofi reported plans to construct a new production facility in the central State of Mexico. The projected US$158 million plant is expected to produce vaccines for export to Latin America. (El Financiero, April 24, 2018)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$200 million in Mexico operations in 2018. Resources will support the group’s activities in areas such as pork production and automotive transmission manufacturing. (20Minutos, April 17, 2018) Continue reading Recent and upcoming investment in Mexico

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