Mexico Business Blog

Posts Tagged environment

Marcelo Ebrard, COP16 and the 2012 presidential election

Nov 22

Posted by Tom in Politics | 1 Comment

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Marcelo Ebrard

Marcelo Ebrard

Mexico City Mayor Marcelo Ebrard must be feeling pretty large right now.  The Local and Regional Leaders World Summit 2010, which Ebrard hosted here in Mexico City, wrapped last week with a pact to reduce urban emissions signed by 138 mayors from around the world.  He may now rub his hands with glee for a few days before packing off to the 16th Conference of the Parties on Climate Change (COP16), another international environmental summit to be held in Cancun, Mexico, beginning November 29.

Mr. Ebrard is gearing up for a run at the Mexican presidency in 2012, and his roles in these high profile international events fit perfectly into a subtle presidential campaign he has been implementing in careful steps for years now.  Read the rest of this entry »

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Recent and upcoming investment

Sep 1

Posted by Tom in Investment, Manufacturing | No Comments

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Reports on some recent and upcoming investment collected from the local business media:

  • Retail: DIY retailer Home Depot announced investment of US$115 million in Mexico in the current year, principally for the opening of five new stores.  The leader in its segment in Mexico, Home Depot projects 85 retail locations in operation by the end of 2010.
  • Environmental:  The North American Development Bank (NADBank) has ramped up its financing of environmental and other infrastructural projects in Mexico’s northern border zone over the past three years, local media report.  Projects in Mexico financed by the bank during this period include 32 water treatment plants, 50 drainage and potable water systems and 12 solid waste landfills.
  • Telecommunications: Telecom service provider Nextel projects investing up to US$1.5 billion in the construction of new network infrastructure.  Nextel recently won a nationwide spectrum auction in Mexico in partnership with television broadcast giant Televisa.
  • Aerospace: U.S.-based aircraft manufacturer Hawker Beechcraft is currently constructing a new production plant in the northern city of Chihuahua.  The US$108 million facility, set to produce aircraft assemblies and subassemblies, will become the company’s second manufacturing plant in Chihuahua, further bolstering Mexico’s robust aerospace sector.
  • Automotive: General Motors de Mexico announced projected investment of US$500 million in the northern state of Coahuila to produce a new generation of eight-cylinder motors as well as a new vehicle platform.  Projects supported by the new investment are planned to begin this year with actual production set for 2011. Read the rest of this entry »

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