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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican commercial conglomerate Grupo Gigante plans investment of approximately US$800 million over the next five years to expand and upgrade its casual dining properties, the company reported. Projects include new location openings and remodeling for chains such as Toks and Beer Factory, as well as support for non-food retail chains operated by the company such as Office Depot and Petco. (Reforma, July 27, 2016)
  • Aerospace: U.S. aerospace components manufacturer Esterline Corp. announced it will expand its plant in the northern border city of Tijuana during the company’s participation at the recent Farnborough International Air Show. The US$35 million expansion will allow Esterline to increase production of its electronics for aerospace applications. (Tijuana en la Noticia, July 14, 2016)
  • Medical devices: German medical device manufacturer CODAN announced it will invest approximately US$9 million to establish a new production plant in the northern border city of Tijuana. The site is expected to produce medical transfusion and infusion systems. (Periódico Industrial Siglo 21, July 21, 2016)
  • Telecommunications: Mexican telephone, television and internet service provider Totalplay, a subsidiary of conglomerate Grupo Salinas, is completing investment of US$400 million to expand its fiber optic network, the company reported. The company reports coverage of 6 million homes in 20 Mexican cities. (El Financiero, July 13, 2016)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) inaugurated a US$3.8 million expansion of its airport at the Pacific coast resort of Zihuatanejo, the company reported. Projects included expansion and remodeling of terminal locations including waiting areas, baggage claim, immigration, Customs, inspection and passenger services areas. (El Financiero, July 15, 2016) Continue reading Recent and upcoming investment in Mexico