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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Vegetable oil: U.S. agricultural commodities trader Cargill expanded its grain processing plant in the central state of Hidalgo to include an additional production and bottling line. The US$16 million upgrade will produce vegetable oil principally to supply Walmart stores, the company reported. (Expansión, March 28, 2019)
  • Railroad: Mexico’s Grupo México corporate group reported investment plans totaling approximately US$555 million to support its railroad subsidiaries Ferromex and Ferrosur. Areas targeted for upgrades include locomotive maintenance, track materials and rehabilitation, new rolling stock and related equipment and land purchases. (Reforma, March 27, 2019)
  • Ports: Major new infrastructure under construction at the Port of Veracruz on Mexico’s Gulf coast will begin entering operation later this year, the Veracruz Port Customs Agents Association reported. The US$3.7 billion upgrade includes four new specialized terminals for fluids, bulk agricultural products, bulk mineral products and containerized and loose cargo. (Reforma, March 25, 2019)
  • Oil refining: The Mexican government invited international companies to bid on the construction of a new oil refinery in the southeastern Gulf coast state of Tabasco. The project, estimated to require investment of US$6 – 8 billion, will include 17 processing plants, 19 storage tanks, a rail line and ship docking facilities. (Reuters, March 18, 2019)
  • Manufacturing: Mexican construction finishings manufacturer Lamosa announced a US$100 million investment plan that includes US$23.3 million to support Mexico operations. The company produces ceramic tile, adhesives and flooring materials at 13 production plants in Mexico. (Reforma, March 14, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Automotive: Swiss machinery manufacturer Komax inaugurated a manufacturing plant in the central state of Guanajuato. The US$5 million facility is planned to produce electromechanic systems and equipment used to test wire harnesses for the automotive industry. (Reforma, November 30, 2017)
  • Manufacturing: U.S.-based multinationals Flex and Nike inaugurated a wearable electronics manufacturing plant in the western state of Jalisco. The US$105 million complex includes its own electricity co-generation plant. (Milenio, November 29, 2017)
  • Wind power: Italian renewable energy developer Enel Green Power plans to build four wind power plants in Mexico, the company reported. Projected investment of US$700 million includes construction of approximately 593 Mw of generation capacity in the northern states of Coahuila and Nuevo León. (El Financiero, November 24, 2017)
  • Brewing: Mexican brewer Grupo Modelo, subsidiary of Belgium-based brewing multinational Anheuser-Busch InBev, announced plans to build a new beer brewery in the central state of Hidalgo. The US$737 million site is planned to have initial annual production capacity of 12 million hectoliters. (Reforma, November 24, 2017)
  • Retail: Mexican grocery and general merchandise retailer La Comer opened a new store under its upscale City Market format in the western city of Guadalajara. The US$10.5 million sales location features a wide selection of imported gourmet products. (El Financiero, November 23, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican corporate group FEMSA will invest approximately US$1.3 billion in Mexico this year across its retailing, beverage bottling and gas station operations, the company reported. Key projects include 50 new gas station-convenience store combination locations under the company’s Oxxo brand. (Dinero en Imagen, February 28, 2017)
  • Logistics: DHL Express, courier subsidiary of German logistics multinational DHL, reported plans to invest approximately US$200 million to expand operations in Mexico. Projects include upgrades to the company’s air freight terminals in the Monterrey, Guadalajara and Querétaro airports and the opening of new service centers, among others. (El Financiero, February 23, 2017)
  • Dairy: Mexican dairy giant Grupo Lala plans investment of approximately US$175 million to expand operations, the company reported. Lala specified only that resources will support “innovation and productivity.” (Dinero en Imagen, February 21, 2017)
  • Mining: Canadian mining company Goldcorp reported plans to invest US$300 million in its Peñasquito mine in the northern state of Zacatecas. The company is seeking to increase its gold-producing holdings by 20%. (El Financiero, February 20, 2017)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$170 million in Mexico operations during the present year. Resources will support the group’s activities in areas such as pork production, automotive transmission manufacturing, rubber and auto parts. (El Financiero, February 17, 2017)
  • Electronics: German electronics manufacturing conglomerate Siemens will invest approximately US$200 million in Mexico over the next 10 years, the company reported. Areas of investment will include technology innovation, industrial digitalization and modernization of energy management. (Forbes, February 15, 2017) Continue reading Recent and upcoming investment in Mexico