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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Mining: Canadian mining company Minera Alamos reported it will invest approximately US$27 million in operations in the northern state of Durango. Alamos plans to begin extracting gold and silver at the site in 2019. (El Financiero, December 27, 2018)
  • Coffee: Swiss processed foods giant Nestlé will invest US$154 million to establish a state-of-the-art coffee processing facility in the eastern Gulf state of Veracruz, the Mexican government announced. The plant is projected to process 20,000 tons of green coffee beans per year initially. (Reforma, December 19, 2018)
  • Ethanol: Mexican ethanol producer Bioenergéticos Mexicanos (Biomex) is constructing an ethanol plant in the northeastern state of Tamaulipas, the company reported. The US$90 million facility is intended to supply national oil and gas company Petróleos Mexicanos (Pemex) via an initial annual output of 55 million liters (14.5 million gallons). (Reforma, December 18, 2018)
  • Commercial real estate: An international consortium consisting of Mota-Engil (Portugal), Thor Urbana (Mexico), GFA (Mexico) and Marriott International (USA) announced it will construct a large scale tourism and residential development in the northwestern coastal state of Nayarit. The estimated US$1.8 billion project is planned to include five luxury hotels, a golf course and 2,500 residential units. (Reforma, December 14, 2018)
  • Vehicle fleets: Mexican corporate group Grupo ARHE is projecting approximately US$33 million in investment during the coming year to renovate and upgrade its vehicle fleet. The company operates the Alamo rent-a-car franchise in Mexico. (El Financiero, December 14, 2018) Continue reading Recent and upcoming investment in Mexico