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Recent and upcoming investment in Mexico

  • Logistics: Mexican 3PL services provider Solistica, subsidiary of diversified corporate group FEMSA, inaugurated a new distribution center in the northeastern state of Nuevo León, the company reported. The site is part of US$50 million in investment planned for the current year, in areas including expansion of infrastructure, transport, distribution centers, warehousing and systems technology. (Reforma, March 29, 2022)
  • Manufacturing: U.S. home appliance manufacturer Whirlpool announced investment of US$30 million across various manufacturing sites in Mexico to increase production capacity. The company produces products such as refrigerators, ovens and washing machines at five plants in the country. (Reforma, March 28, 2022)
  • E-commerce: Mexican furniture retailer Muebles Dico launched an on-line marketplace called TodoMuebles to sell the company’s own products in addition to those of other small businesses. The new e-commerce site offers furniture as well as products for home decor, kitchen, lighting, office, children, and accessories. (Reforma, March 25, 2022)
  • Airports: Mexican airport operator Grupo Aeroportuario Centro Norte (OMA) reported it will invest an unspecified amount to convert its airport in the northeastern industrial city of Monterrey into a hub for international flights. Plans include construction of a new air traffic control center and control tower. (Reforma, March 21, 2022)
  • Steel: Mexican steel products maker Deacero announced plans to construct a new manufacturing plant in the northern state of Coahuila. The US$21 million site is expected to produce raw and galvanized steel beams for the electricity, telecommunications, oil and gas industries. (El Financiero, March 17, 2022)

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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

ECONOMY AND INDUSTRY

  • Canadian rail operator Canadian Pacific Railway reached agreement to acquire U.S.-owned carrier Kansas City Southern in a widely reported deal. The acquisition will create the first direct freight railway linking the three members of the USMCA North American free trade zone. (Reuters, September 15, 2021)
  • The Mexican subsidiary of Spanish bank BBVA raised its growth projection for the Mexican construction industry to 9% in 2021. BBVA Mexico’s head economist underscored however that the strong growth comes with respect to the sharp downturn in 2020 and should not be interpreted as full recovery for the sector. (Milenio, September 13, 2021)
  • Mexico became the world’s eighth largest exporter of food and agriculture products in 2020, the World Trade Organization reported. The country’s US$41 billion in agri-food exports were led by products such as beer, avocados, tequila, tomatoes and peppers. (El Economista, September 2, 2021). (La Jornada, August 18, 2021)

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