Tag Archives: Steel

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Steel: Steel producer Ternium, subsidiary of Italian-Argentinian steel and energy conglomerate Techint, announced plans to build a US$1.1 billion hot rolling mill in the northeastern state of Nuevo León. The new plant will allow the company to produce more sophisticated hot rolled steel sheeting using the most advanced technology. (Metal Bulletin, September 28, 2017)
  • Tourism: Mexican industrial and services conglomerate Grupo IUSA initiated construction of a major new theme park in Mexico’s southeastern Riviera Maya tourism region. The US$840 million AMIKOO entertainment center is projected to include an amusement park, hotel, museum of Mayan archeology, convention center, shopping center, concert arena, food courts and other attractions. (September 19, 2017)
  • Manufacturing: Mexican bathroom fixture manufacturer Helvex reported investment of US$40 million this year to expand production capacity. A 30% increase in the company’s output of products such as faucets, shower heads and drains is allowing Helvex to target South American markets more aggressively. (El Financiero, September 19, 2017)
  • Logistics: Mexican pharmaceutical wholesaler Maypo inaugurated a new distribution center in Mexico City. The US$33 million complex includes 3.2 million cubic feet of warehouse capacity for dry and refrigerated product. (El Financiero, September 13, 2017)
  • Brewing: Mexican brewer Grupo Modelo, subsidiary of Belgium-based brewing multinational Anheuser-Busch InBev, projects investment of approximately US$777 million in 2018, the company reported. Projects were not specified other than that the company plans to expand production capacity. (El Financiero, September 8, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Energy: Spanish energy infrastructure developer Iberdrola announced it has been awarded a contract to construct and operate a combined cycle electricity generation plant in the northwestern state of Sinaloa. The US$400 million plant is projected to have generation capacity of 766 MW. (El Financiero, March 22, 2017)
  • Food processing: Swiss processed foods giant Nestlé plans to invest approximately US$28 million to achieve water savings at its coffee processing plant in the central city of Toluca. Process modifications will include reduction of steam use, improved condensation recovery and the re-use of pre-treated water in industrial services, the company reported. (El Financiero, March 22, 2017)
  • Entertainment: Mexican corporate group Diniz reported it will add six new family entertainment centers under its Recórcholis brand in Mexico this year at a cost of approximately US$12 million. The centers include children’s activities such as games, rides, bowling, ice skating, go karts, miniature golf and others. (Reforma, March 22, 2017)
  • Logistics: U.S. transport and storage company Bulkmatic, through its Mexico subsidiary Bulkmatic de México, plans to construct a fuel storage terminal in the central state of Hidalgo, the company reported. The US$50 million project will include 10 tanks for gasoline, diesel and biodiesel. (Reforma, March 22, 2017)
  • Retail: Mexican upscale department store operator Liverpool announced it will open 11 new stores in the country during the current year. A planned US$300 million in investment will support new retail locations principally under the company’s Fábricas de Francia brand, in addition to maintenance operations for existing stores. (El Financiero, March 16, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Glass: Mexican glass manufacturer Grupo Millet reported plans to construct a new production plant in the southeastern state of Yucatan. The US$70 million site will produce architectural glass for export to the United States and elsewhere in Latin America. (El Financiero, January 25, 2017)
  • Casual dining: Mexico’s leading casual dining franchise operator Alsea plans investment of approximately US$190 million to open a record number of new locations across its portfolio in 2017, the company reported. Plans include some 250 new stores, in formats such as Starbucks, Burger King, Domino’s Pizza, Chili’s and others. (Reforma, January 24, 2017)
  • Technology: U.S.-based Deloitte Consulting inaugurated a regional service delivery center in the central Mexican state of Querétaro. The US$10 million center is planned to provide development, testing, support and maintenance services for the firm’s application maintenance, enterprise resource planning (ERP) and IT consulting clients throughout the Americas. (El Economista, January 25, 2017)
  • Natural gas: Mexican fuel distribution company Grupo Energéticos (Energex) plans to build four service stations to offer vehicular natural gas in the country this year, the company reported. The US$4 million project will provide compressed natural gas for vehicular use as an alternative to conventional gasoline, which has risen sharply in price during the current year. (Reforma, January 23, 2017)
  • Energy: Spanish energy infrastructure developer Iberdrola will invest approximately US$600 million to construct an electricity generation plant in the northeastern state of Nuevo León, the company reported. The combined cycle plant is planned to be powered by natural gas. (Mundo Ejecutivo, January 19, 2017) Continue reading Recent and upcoming investment in Mexico