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- Ports: SSA Mexico, subsidiary of U.S. rail and marine terminal operator Grupo Carrix, reported plans to invest US$30 million to upgrade operations at the Pacific coast ports of Manzanillo and Lázaro Cárdenas. Resources will support acquisition of specialized equipment including two Super Post Panamax cranes and six RTG shipyard cranes. (Reforma, December 30, 2021)
- Financial services: Spain-based Banco Santander announced plans to invest US$520 million to expand Mexico operations in 2022. The company reported US$500 million in technology investments in Mexico over the past year, including its Tuiio platform targeting low-income customers. (Reforma, December 16, 2021)
- Flooring: U.S. floorcoverings manufacturer Mohawk Industries is on track to initiate operations at a new plant in the northwestern border city of Mexicali, the company reported. The US$190 million facility is projected to become the largest vinyl flooring factory in Latin America, according to the Mexicali municipal government. (La Voz de la Frontera, December 12, 2021)
- Automotive: U.S.-owned Lear Seating Structures announced investment of over US$20 million to expand operations at its plant in the northern state of Coahuila. The upgrade will allow the company to increase production of metal structures for automotive seating to supply regional auto makers. (Vanguardia.mx, December 11, 2021).
- Transport: Mexican transport service provider Transporte Empresarial del Norte (TEN) launched operations in the northern state of Coahuila via investment of approximately US$12.8 million. The expansion is intended to deliver employees to and from industrial sites in the region. (El Siglo de Torreón, December 13, 2021)
Tag Archives: ports
Recent and upcoming investment in Mexico
- Logistics: Mexican logistics services provider Onest Logistics is currently constructing a new operations center in the central State of Mexico, the company reported. The US$9.5 million facility is planned specifically to meet rapidly growing demand from e-commerce platforms such as MercadoLibre and Amazon. (El Norte, November 30, 2021)
- Manufacturing: French rail car manufacturer Alstom is carrying out investment of approximately US$25 million at its plant in the central state of Hidalgo, the company reported. The company is upgrading equipment, installations and testing track for the construction of rolling stock for the Maya Train, currently being built in southeastern Mexico. (Reforma, November 25, 2021)
- Automotive: German electronics and engineering multinational Bosch announced plans to expand production at its manufacturing plant in the central state of Aguascalientes. The US$83 million upgrade is expected to support increased output of the company’s automotive braking system components iBooster, ABS and ESP. (Forbes México, November 24, 2021)
- Pharmaceutical: U.S. pharmaceutical multinational Baxter inaugurated a new production line at its plant in the southern state of Morelos, the company reported. The expansion is part of a US$100 million investment through 2024 that will allow the plant to increase production of kidney treatment products for the Mexican, U.S. and Latin American markets. (Reforma, November 23, 2021)
- Electronics: Taiwanese-owned electronics manufacturer Kemet announced plans to expand its plant in the northeastern state of Tamaulipas. The US$20 million upgrade will allow the company to increase production of capacitors used by the automotive, aerospace and medical device industries, among others. (Milenio, November 11, 2021) Continue reading Recent and upcoming investment in Mexico
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