Tag Archives: Renewable energy

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Candy: U.S.-based food processing giant Mondelez reported investment of US$133 million in its confectionery plant in the southeastern state of Puebla over the past three years. Resources helped expand production by 40% of chewing gum for brands such as Trident, Clorets and Bubbaloo. (El Financiero, August 31, 2017)
  • Petroleum: Australian mining and oil multinational BHP Billiton plans investment of approximately US$700 million in Mexico oil exploration, principally in the Gulf of Mexico, the company reported. BHP Billiton won rights to explore Gulf oilfields in a Mexican government tender last year. (El Financiero, August 31, 2017)
  • Industrial parks: A consortium of Chinese and Mexican investors including Holley Group, Futon Group and the Santos family began construction of an industrial park in the northeastern state of Nuevo León, local media reported. Investment of US$50 – 60 million is estimated for an initial phase of the facility, which investors project will attract up to 100 Chinese companies over the first 10 years of operation. (Expansión, August 25, 2017)
  • Food processing: Mexican industrial baking giant Grupo Bimbo plans to construct a major new distribution center in Mexico City, the company reported. The US$128 million site is planned to be LEED Gold certified and make use of wind-generated electricity. (Aristegui Noticias, August 29, 2017)
  • Gym equipment: Taiwanese-owned fitness equipment brand Matrix Fitness will invest US$3.5 million in a push to expand its participation in the Mexican market, the company reported. Matrix seeks to expand its market share from 5% to 30% by partnering with sports center chains such as Sport City and Smart Fit. (El Financiero, August 25, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pharmaceutical: Mexican drug maker Chinoin invested US$12 million to boost production capacity at its plant in the central state of Aguascalientes, the company reported. Upgrades included acquisition of latest-generation laboratory testing equipment and construction of a new specialized building for the facility’s microbiology laboratory. (Reforma, July 28, 2017)
  • Automotive: U.S. auto maker Ford reported plans to invest approximately US$56 million to remodel its network of sales distributorships in Mexico. Upgrades for the 127 sales locations include WiFi, community centers and areas for viewing new models of sports cars. (El Financiero, July 28, 2017)
  • Wind power: Danish wind turbine maker Vestas, in conjunction with U.S. turbine blade producer TPI Composites, announced plans to construct a blade manufacturing plant in the northeastern state of Tamaulipas. The amount of investment was not specified for the plant, which is expected to produce blades for the V136 model turbine. (Reforma, July 20, 2017)
  • Automotive: German electronics and engineering multinational Bosch plans to open a new plant this year in the central state of Querétaro, the company reported. The US$80 million facility will produce automotive steering columns for regional OEMs such as Volkswagen, General Motors, Mazda, Honda and Toyota. (El Financiero, July 11, 2017)
  • Fuel storage: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, was awarded a concession to construct a fuel storage facility in the Gulf port city of Veracruz. The US$115 million site is planned to handle gasoline, diesel and aviation fuel. (El Financiero, July 13, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: A consortium led by Japanese steel products manufacturer Kobe Steel inaugurated a new manufacturing plant in the central state of Guanajuato, local media reported. The US$33 million facility is planned to produce  cold-heading quality steel wire. (Unión Guanajuato, October 11, 2016)
  • Automotive: Japanese auto maker Toyota announced it will invest US$150 million in its manufacturing plant in the northwestern state of Baja California. Manufacturing processes will be upgraded and expanded to boost production of the Tacoma pickup truck by 60%. (El Financiero, October 24, 2016)
  • Renewable energy: UK-based infrastructure developer Cubico Sustainable Investments plans investment of approximately US$700 million in Mexico over the next two years. The company was awarded two contracts in a recent Mexico auction to construct a wind farm and a solar power generation plant. (Reforma, October 11, 2016)
  • Industrial parks: The members of the Mexican Industrial Parks Association (AMPIP) expect to invest up to US$7 billion to develop new industrial parks through 2018, the organization announced. Trends such as the need for strategic fiscal warehousing and special economic zones are driving expansion, according to AMPIP. (Reforma, October 7, 2016)
  • Hospital equipment: Japanese bed producer Paramount Beds plans to establish a new manufacturing site in the central state of Querétaro, the Querétaro government reported. The US$3.5 million facility will produce specialized beds for hospitals and home patient care. (Visión Industrial, October 12, 2016) Continue reading Recent and upcoming investment in Mexico