Tag Archives: Solar power

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Logistics: Mexican industrial warehouse operators IRESA and Basal launched a joint venture called Qualianz, the companies reported. The US$70 million venture offers cold and dry storage at 28 locations in support of the food industry cold chain in Mexico. (El Financiero, March 18, 2020)
  • Telecommunications: Mexican cable television, telephone and internet service provider Megacable reported plans to invest approximately US$400 million during the current year. Programs include installation of fiber optic infrastructure and upgrades to their streaming platform and broadband internet services. (Reforma, March 16, 2020)
  • Sports: Mexican hotel operator and real estate developer Mundo Imperial increased its projected investment in a new tennis arena in Acapulco to US$15 million. The 10,000 seat Arena MIA complex is currently under construction and scheduled to open in early 2021. (Reforma, March 12, 2020)
  • Healthcare: Mexican private hospital operator Grupo Angeles plans to establish a new upscale hospital in Mexico City, local media reported. The US$65 million project will remodel an existing building which will be fully equipped with latest-generation medical equipment. (El Financiero, March 11, 2020)
  • Mining: Mexican mining firm Industrias Peñoles plans to open three new mines in the country this year, the company reported. The US$850 million expansion of operations will boost production of silver and other metals. (El Financiero, March 11, 2020) Continue reading Recent and upcoming investment in Mexico

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