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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

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Food & beverage: Mexican beverage bottler Arca Continental plans investment of approximately US$195 million in Mexico operations this year, the company reported. Projects are expected to include purchase of refrigeration systems, upgrades to production lines and acquisition of transport equipment, among others. (El Financiero, April 27, 2018)
  • E-commerce: Brazil-based e-commerce portal MercadoLibre plans investment of approximately US$275 million to boost operations in the Mexico market, the company reported. Resources will support construction of two distribution centers in the Mexico City area, as well as an expanded loyalty program and shipping systems. (Milenio, April 26, 2018)
  • Automotive: Mexican electric car manufacturer Zacua announced the inauguration of its first manufacturing plant, in the southeastern state of Puebla. The US$27 million production site reportedly will produce the first electric car made entirely in Mexico. (Auto Motores Informa, April 25, 2018)
  • Pharmaceutical: French pharmaceutical multinational Sanofi reported plans to construct a new production facility in the central State of Mexico. The projected US$158 million plant is expected to produce vaccines for export to Latin America. (El Financiero, April 24, 2018)
  • Industry: Mexican corporate group Grupo KUO reported plans to invest approximately US$200 million in Mexico operations in 2018. Resources will support the group’s activities in areas such as pork production and automotive transmission manufacturing. (20Minutos, April 17, 2018) Continue reading Recent and upcoming investment in Mexico