Tag Archives: Retail

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Wind power: Spanish energy infrastructure developer Iberdrola plans to triple the capacity of a wind power generation park it operates in the southern state of Puebla, the company reported. The US$290 million expansion is planned to include 51 new 2.6 Mw turbines and supply electricity for Grupo Modelo beer brewing operations. (El Financiero, August 31, 2018)
  • Retail: Mexican commercial real estate developer Gicsa plans to inaugurate three new retail and entertainment complexes this year under the concept “malltertainment.” The sites will include shopping, restaurants and entertainment offerings and are intended to serve as tourist attractions in the cities of Mérida, Puebla and Querétaro. (El Financiero, August 29, 2018)
  • Logistics: German logistics multinational DHL reported it will conclude a US$80 million investment program in Mexico this year, a record high for the company in this market. Projects include adding 605 new vehicles to DHL’s Mexico delivery fleet, as well as 100 additional sales locations and two new service centers. (Reforma, August 30, 2018)
  • Commercial real estate: Private real estate developers are preparing to launch construction of three new shopping malls this year in Mexico via total investment of over US$850 million.  The cities of Guadalajara, Mérida and Metepec will host the new retail developments, which in some cases will include office space and residential complexes. (Reforma, August 27, 2018)
  • Leisure: Mexican multinational children’s entertainment center operator KidZania reported it will invest approximately US$24 million to build new locations and upgrade existing ones. Key upgrades include equipping KidZania centers with “internet of things” technologies. (El Financiero, August 22, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Retail: S. DIY retailer The Home Depot opened its 123rd Mexico store in the central state of Queretaro, the company reported. The chain is projecting total 2018 investment in Mexico at approximately US$84 million, in areas such as maintenance and modernization of stores and distribution centers. (El Financiero, June 22, 2018)
  • Construction materials: Mexican flooring manufacturer Interceramic inaugurated a new production plant in the central state of Guanajuato, the company reported. The US$80 million site – Interceramic’s tenth plant in the country – will produce floor tiles for the domestic market. (El Financiero, June 21, 2018)
  • Pharmaceutical: U.S. drug maker Pfizer plans investment of approximately US$26 million in Mexico operations this year, the company reported. Projects include the expansion and modernization of Pfizer’s production plant in the central city of Toluca, as well as resources for product research and development. (El Financiero, June 21, 2018)
  • Fuel storage: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the northeastern state of Nuevo León. The US$48 million site is planned to store gasoline and diesel fuels, the company reported. (Reforma, June 20, 2018)
  • Wind power: The Mexican Wind Power Association (AMDEE) projects that the country’s wind energy generation capacity will triple over the next five years via investment of approximately US$12 billion. The group estimates some 8,000 Mw of new capacity will be added, principally through private investment under the 2014 energy sector reform. (El Financiero, June 19, 2018) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Solar power: Italian renewable energy developer Enel Green Power inaugurated a solar energy generation plant in the central state of Guanajuato, the company reported. The US$220 million facility is projected to have a maximum capacity of 238 Mw. (Reforma, May 24, 2018)
  • Pharmacies: Mexican pharmacy chain operator Farmacias del Ahorro plan to open 200 new stores this year, the company reported. Investment was not specified for the expansion, which is expected to focus on the four northwestern states of Baja California, Sonora, Sinaloa and Colima. (Reforma, May 25, 2018)
  • Retail: Mexican department store chain Elektra projects it will open 90 stores in the country this year at a cost of approximately US$203 million. Despite the rapid growth of e-commerce, Elektra has opened 182 new physical sales locations over the past two years. (Forbes en Español, May 22, 2018)
  • Electricity: Mexican energy developer Rengen Energy Solutions plans investment of approximately US$400 million to build electricity generation plants for private industrial operations, the company reported. Plans in development include eight plants for industrial clusters seeking to take advantage of electricity generation by private producers now permitted under Mexico’s recent energy reform. (El Financiero, May 17, 2018)
  • Fuel storage: Private companies are currently undertaking construction of 48 new fuel storage terminals in Mexico via combined investment of approximately US$2.7 billion, Mexico’s Energy Ministry (Sener) reported. The new projects are projected to add 31 million barrels of storage capacity and extend inventories from three to 13 days by 2022. (El Financiero, May 17, 2018) Continue reading Recent and upcoming investment in Mexico