Tag Archives: Recycling

A little investment, a lot of COVID-19

Reported investment into Mexico has dropped way off during the COVID-19 era, but there was a glimmer over the past month.  Following the update on the pandemic situation in Mexico we provide some examples of economic activity:

COVID-19

The spread of COVID-19 remains strong in Mexico however it has stabilized in some parts of the country.  Mexico currently is ranked 11th in the world among countries with the highest number of accumulated confirmed cases.  Local health officials’ methodology for allowing increased economic activity includes factors such as the rate of increase in the number of cases and the level of occupation of hospital beds.  On this basis, in the past week 18 states have advanced from red, the highest level of alert and restriction, to orange, the second highest.  Fourteen states remain at red, or maximum restriction of economic activities.  States at the orange level, including the capital city, may reopen retail businesses and restaurants at a limited level of capacity in stages during the first two weeks of July.  Offices for most businesses remain closed. Continue reading A little investment, a lot of COVID-19

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Recycling: Mexican beverage bottler and retail group Fomento Económico Mexicano (FEMSA) inaugurated a US$1 million recycling plant in the central state of Querétaro, local media reported. The facility will be used to break down obsolete refrigeration equipment to re-use components as well as dispose of materials in an environmentally responsible manner. (El Mexicano, November 28, 2019)
  • Ports: British-owned port developer Caxxor reported plans to invest approximately US$230 million in expansions at the Port of Veracruz on the Gulf of Mexico. The initiative is part of a larger US$944 million program that includes dock and warehousing upgrades to Puerto Chiapas and a gas storage terminal at the port of Soto la Marina, according to local media. (Transporte.mx, November 19, 2019)
  • Manufacturing: U.S. generator manufacturer Generac Power Systems will establish a new production facility in the central state of Hidalgo, the company reported. The US$31 million plant is planned to produce diesel and gasoline powered mobile electricity generators. (El Financiero, November 25, 2019)
  • Renewable energy: Mexican energy infrastructure developer Natco energy announced it will build three wind farms and one solar generation park over the next two years. Investment of approximately US$634 million will support construction of 508 MW of new generation capacity at sites in the states of Nuevo León and Guanajuato. (Reforma, November 20, 2019)
  • Medical devices: German medical device manufacturer B Braun established a new distribution center in the central State of Mexico, the company reported. The US$5.6 million site is planned to improve shipping of osteosynthesis instruments produced at the company’s plant in the city of Toluca. (Reforma, November 21, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Gasoline: Mexico’s Energy Regulatory Commission estimates removal of price controls on gasoline and diesel in 2017 will stimulate up to US$16 billion in new investment. Major projects are expected in new service stations, transport pipelines and storage infrastructure. (Reforma, December 22, 2016)
  • Recycling: The Mexico City municipal government published a tender for the first of two plants planned to use solid waste from the city’s landfills as fuel to produce electricity. Officials estimated approximately US$3.5 billion in investment will be required for the total project, which is intended to provide electricity for the local Metro public transport system. (El Universal, December 13, 2016)
  • Rail: Mexican mining conglomerate and rail transport operator Grupo Mexico plans investment of approximately US$431 to support the operations of its rail transport subsidiaries Ferromex, Ferrosur and Intermodal, the company reported. Upgrades include acquisition of new locomotives, replacement of rail and ties and other infrastructure improvements. (Outlet Minero, December 14, 2016)
  • Retail: Japanese clothing and home products retailer Miniso is preparing to open its first store in Mexico before the close of 2016 via investment of US$3 million, the company’s Mexico franchise operator reported. The franchisee projects opening up to 100 Miniso stores in Mexico over the next five years. (Reforma, December 13, 2016)
  • Metal forming: SPM Auto Parts, a joint venture between Japan’s Mizuno Tekkosho and Korea’s Sunil Dyfas, inaugurated a new production facility in the northeastern state of Nuevo León. The US$16 million plant will produce precision screws and bolts for regional automotive OEMs such as KIA, Nissan, Honda, General Motors and Toyota. (Notimex, December 7, 2016)
  • Financial services: Spanish financial services multinational Grupo Financiero Santander plans investment of approximately US$750 million in Mexico operations over the next three years, the company announced.  Resources will support upgrading of software and systems, retail banking branches and introduction of new products, among other areas.  (Expansión, December 8, 2016)
  • Food processing: Mexican industrial miller and tortilla producer Gruma announced plans to build a new production facility in the southeastern state of Puebla. The US$50 million site is planned to produce tortillas and tostadas under the Mission brand. (Reforma, December 1, 2016)
  • Automotive: Korean auto parts maker Hanwha Advanced Materials inaugurated a new production plant in the northeastern state of Nuevo León, the state government reported. The US$20 million site will produce components for a new Kia Motors OEM manufacturing facility in the area.  (Milenio, December 1, 2016)