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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Recycling: Mexican beverage bottler and retail group Fomento Económico Mexicano (FEMSA) inaugurated a US$1 million recycling plant in the central state of Querétaro, local media reported. The facility will be used to break down obsolete refrigeration equipment to re-use components as well as dispose of materials in an environmentally responsible manner. (El Mexicano, November 28, 2019)
  • Ports: British-owned port developer Caxxor reported plans to invest approximately US$230 million in expansions at the Port of Veracruz on the Gulf of Mexico. The initiative is part of a larger US$944 million program that includes dock and warehousing upgrades to Puerto Chiapas and a gas storage terminal at the port of Soto la Marina, according to local media. (Transporte.mx, November 19, 2019)
  • Manufacturing: U.S. generator manufacturer Generac Power Systems will establish a new production facility in the central state of Hidalgo, the company reported. The US$31 million plant is planned to produce diesel and gasoline powered mobile electricity generators. (El Financiero, November 25, 2019)
  • Renewable energy: Mexican energy infrastructure developer Natco energy announced it will build three wind farms and one solar generation park over the next two years. Investment of approximately US$634 million will support construction of 508 MW of new generation capacity at sites in the states of Nuevo León and Guanajuato. (Reforma, November 20, 2019)
  • Medical devices: German medical device manufacturer B Braun established a new distribution center in the central State of Mexico, the company reported. The US$5.6 million site is planned to improve shipping of osteosynthesis instruments produced at the company’s plant in the city of Toluca. (Reforma, November 21, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Petroleum: Netherlands-based oil company Royal Dutch Shell is projecting investment of approximately US$800 million in Mexico oil exploration operations, the company reported. Separately, Spanish oil company Repsol reported plans to invest US$330 million in deep-water exploration off Mexico’s Gulf coast. (Reforma, June 17 and 19, 2019)
  • Banks: Spanish bank BBVA plans investment of approximately US$3.3 billion through 2024 in Mexico banking operations, the company reported. Resources will support replacement of automatic teller machines (ATMs), renovation of branches and efforts to extend services to unbanked or underbanked sectors. (El Sol de México, June 11, 2019)
  • Optical equipment: German precision device manufacturer Carl Zeiss announced a US$41 million expansion of its plant in the northwestern border city of Tijuana. The upgrade will add two production lines in support of the company’s PhotoFusion vision products operations. (Siglo21 Periódico Industrial, June 18, 2019)
  • Coatings: Mexican steel maker Altos Hornos de México (AHMSA) and Korean machinery manufacturer Paco Engineering announced an alliance to establish a coatings plant in the northern state of Coahuila. The US$20 million facility is expected to provide painting of galvanized steel sheeting for construction and appliance manufacturing applications. (Reforma, June 11, 2019)
  • Solar power: Chilean green power developer Atlas Renewable Energy inaugurated its first project in Mexico, the Guajiro solar park in the central state of Hidalgo. The US$100 million site, which is planned to have installed capacity of 129 MW, will supply electricity to Mexico’s Federal Electricity Commission. (Reforma, June 11, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Fuel storage: Mexican diversified conglomerate Grupo México reported plans to construct two new fuel storage terminals, to be located in the cities of Guadalajara and Monterrey. The US$1.04 billion project is planned to supply gasoline, diesel and jet fuel to the two key industrial and population centers. (El Financiero, April 30, 2019)
  • Dairy: Mexican beverage bottler Industria Mexicana de Coca Cola inaugurated a new dairy products plant for its Jugos del Valle – Santa Clara subsidiary in the western state of Jalisco. The US$105 million facility bottles milk as well as packaging other fruit-based beverages. (Reforma, April 30, 2019)
  • Coatings: Swiss-owned industrial coatings maker Oerlikon Balzers inaugurated a US$4.2 million manufacturing plant in the central state of Querétaro, the company reported. Oerlikon Balzers produces protective coatings for the automotive, aerospace, food processing and metal mechanic industries. (El Financiero, April 5, 2019)
  • Retail: Mexican retail operator Grupo Sanborns reported plans to invest approximately US$148 million this year in expansion. Projects include opening 20 new iShop consumer electronics stores and expanding and upgrading the company’s Sears and Sanborns department stores and Mixup home entertainment stores. (El Financiero, April 29, 2019)
  • Food processing: Mexican industrial miller and tortilla producer Gruma reported investment of approximately US$30 million during the first quarter of this year in operations in Mexico and the United States. Projects included construction of a new tortilla factory in the southern state of Puebla, installation of three new corn silos at existing plants and general technology upgrades. (Reforma, April 26, 2019) Continue reading Recent and upcoming investment in Mexico