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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Tourism: The Tourism Ministry of the northwestern state of Baja California announced a US$1.5 billion infrastructure development plan to support tourism. Projects include a hotel golf course and marina complex at San Felipe and a new airport for the Pacific coast city of Ensenada. (Reforma, January 28, 2020)
  • Pharmaceutical: U.S. drug maker Pfizer plans approximately US$20 million in investment to support Mexico operations this year, the company reported. Projects include ongoing renovation of the company’s Toluca manufacturing plant, development of clinical research protocols, educational programs and social responsibility projects. (El Financiero, January 27, 2020)
  • Ports: The Mexican government announced infrastructure and logistics firms Caxxor (UK) and Acxesa (Mexico) will invest approximately US$287 million to rehabilitate and expand the Puerto Chiapas port on the Pacific coast of the southern state of Chiapas. Acxesa plans to make further investments to begin operating maritime freight lines from the port to China via Guayaquil, Ecuador. (El Sol de México, January 25, 2020)
  • Logistics: U.S. logistics operator FedEx Express inaugurated an expansion to its fiscal warehousing complex at the international airport in the central city of Toluca, the company reported. The US$24.6 million expansion will allow the company to reduce processing time for both imports and exports at the site. (El Financiero, January 24, 2020)
  • Food processing: Swiss processed foods giant Nestlé reported plans to invest approximately US$700 million to modernize the 17 plants the company operates in Mexico. Projects include US$200 million for an environmentally cutting-edge coffee processing facility in Veracruz as well as latest technologies for boosting productivity, improving operational efficiency, expanding production cpacity and guaranteeing responsible natural resource management. (El Financiero, January 23, 2020) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Construction: Mexican developer Vinte plans investment of approximately US$158 million in housing construction this year, the company reported. The company plans to build 600- and 700-unit middle class complexes in the cities of Pachuca and Monterrey, respectively. (El Financiero, January 25, 2018)
  • Gas stations: French oil and gas multinational Total reported plans to open up to 100 filling stations in Mexico this year under its own brand. The amount of investment was not specified for the expansion, which will be concentrated generally in the central region of the country. (El Financiero, January 18, 2018)
  • Chemicals: Dutch chemicals multinational AzkoNobel is projecting approximately US$14.6 million in investment to support Mexico operations during the current year. Projects include expanding production capacity and upgrading the company’s organic peroxides plant in the central State of Mexico. (El Financiero, January 18, 2018)
  • Manufacturing: U.S. consumer goods giant Kimberly-Clark plans investment of approximately US$100 million in Mexico operations in 2018, the company reported. Resources will primarily support expansion of production capacity, improvements to products and cost reduction strategies. (El Financiero, January 22, 2018)
  • Wind power: Italian renewable energy developer Enel Green Power initiated construction on a new wind power plant in the northeastern state of Tamaulipas. The US$120 million site is projected to have generation capacity of 93 MW. (Milenio, January 19, 2018) Continue reading Recent and upcoming investment in Mexico