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	<title>Mexico Business Blog &#187; Retail</title>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2012/02/02/recent-and-upcoming-investment-24/</link>
		<comments>http://bdp-americas.com/blog/2012/02/02/recent-and-upcoming-investment-24/#comments</comments>
		<pubDate>Thu, 02 Feb 2012 17:47:23 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[aerospace]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[electricity]]></category>
		<category><![CDATA[Food processing]]></category>
		<category><![CDATA[Logistics]]></category>
		<category><![CDATA[Plastics]]></category>
		<category><![CDATA[Retail]]></category>

		<guid isPermaLink="false">http://bdp-americas.com/blog/?p=588</guid>
		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Information collected from media reports over the past month:

Aerospace: American aircraft maker Hawker Beechcraft is joining forces with Mexican executive jet operator Aerolineas Executivas to build a new maintenance facility to serve private aircraft in the northeastern city of Monterrey.  The US$2.2 million project is planned to provide [...]]]></description>
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		<div style="clear:both;"></div><p>Information collected from media reports over the past month:</p>
<ul>
<li><span style="text-decoration: underline;">Aerospace</span>: American aircraft maker Hawker Beechcraft is joining forces with Mexican executive jet operator Aerolineas Executivas to build a new maintenance facility to serve private aircraft in the northeastern city of Monterrey.  The US$2.2 million project is planned to provide repair and painting services in the country&#8217;s second largest private aviation hub. <em>(El Financiero, January 2, 2012)</em></li>
<li><span style="text-decoration: underline;">Automotive</span>: Japan-based Nissan Motor Co. is preparing plans to build a new automobile factory in Mexico.  The new facility will add production capacity to the company’s two existing plants in Mexico which currently have capacity to produce over 700,000 vehicles a year. <em>(Wall Street Journal, January 6, 2012)</em></li>
<li><span style="text-decoration: underline;">Automotive</span>: Japanese automaker Nissan announced it will construct a new vehicle assembly plant in the central state of Aguascalientes at an estimated cost of US$2 billion.  The large-scale plan includes a supplier park nearby the new manufacturing facility, which will become Nissan’s third in Mexico. <em>(Autoweek, January 25, 2012)</em></li>
<li><span style="text-decoration: underline;">Aviation</span>: European aerospace manufacturer Airbus announced an order from Mexican airline Volaris for the purchase of 44 new A320Neo and A320 aircraft. The total value of the deal, planned for delivery 2015 – 2020, was estimated at approximately US$4 billion. <em>(AFP, January 12, 2012)</em></li>
<li><span style="text-decoration: underline;">Aviation</span>: U.S.-based aerospace manufacturer Hawker Beechcraft announced the sale of six new T-6C+ training aircraft to the Mexican Air Force, with the possibility of additional future orders.  The value of the deal was not specified. <em>(Defense Media Network, January 11, 2012)</em></li>
<li><span style="text-decoration: underline;">Electricity</span>: German electronics and electrical engineering giant Siemans inaugurated a Low Voltage Research and Development Center near the northeastern city of Monterrey. The company invested approximately US$22 million in the new facility, which will help to develop high efficiency electrical systems for Siemens products. <em>(Reforma, January 13, 2012)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: Mexican grocery and general merchandise retailer Soriana announced plans to open 50 new sales locations in the country this year.  The company currently operates 558 stores across its five formats. <em>(Reforma, January 16, 2012)</em></li>
<li><span style="text-decoration: underline;">Logistics</span>: The Mexican affiliate of Philippines-based International Container Terminal Services Inc. (ICTSI) has begun construction on a new container handling terminal at the Pacific port of Manzanillo.  The new facility will require investment of US$250 million.  <em>(Maquila Portal, January 17, 2012)<span id="more-588"></span></em></li>
<li><span style="text-decoration: underline;">Manufacturing</span>: U.S. based safety systems manufacturer IMMI will install a new production plant in the northern city of Coahuila.  The US$49 million facility will produce safety equipment for fire trucks, helicopters, ambulances and other applications. (<em>El Diario de Coahuila, January 13, 2012</em>)</li>
<li><span style="text-decoration: underline;">Aerospace</span>: U.S.-based aerospace manufacturer Ducommun will invest US$6.6 million in machinery and other equipment to upgrade its factory at Guaymas, in the northwestern state of Sonora.  The project includes construction of a new industrial building at the facility, which provides electro-mechanical, sheet metal and composite assembly services. <em>(NAFTA Works, January 2012)</em></li>
<li><span style="text-decoration: underline;">Logistics</span>: U.S.-based rail carrier Kansas City Southern inaugurated a new rail freight handling terminal in the central State of Mexico.  Built at a cost of US$2.1 million, the terminal is equipped to handle a large volume of liquid cargo. <em>(Info-Transportes, January 20, 2012)</em></li>
<li><span style="text-decoration: underline;">Aviation</span>: Mexican airlines are projected to acquire 27 new aircraft in 2012, according to financial services firm Actinver.  Airlines expected to add to their fleets include Aeromexico, Interjet, Volaris and VivaAerobus. <em>(Reforma, January 23, 2012)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: U.S.-based coffee shop chain Starbucks plans to invest US$25 million this year to open 50 additional locations in Mexico, the company reported.  Starbucks projects 24% growth in total Mexico sales this year, based in part on the country’s rising per capita coffee consumption. <em>(El Financiero, January 24, 2012)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Spanish bank Banco Santander will provide capital to build four wind farms in northern Mexico, in partnership with German wind energy developer SoWiTec.  The sites, to be built in the states of Nuevo León, San Luís Potosí and Coahuila represent combined capacity of 650 – 850 MW.  The amount of investment was not specified. <em>(Milenio, January 23, 2012)</em></li>
<li><span style="text-decoration: underline;">Plastics</span>: U.S.-based injection molding firm Century Mold Co. announced plans to build a new production plant in the central state of Queretaro.  The US$15 million facility will supply Tier 1 automotive component manufacturers in the region. <em>(Plastics News, January 17, 2012)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: Mexican fast food franchise operator Alsea will open an additional 100 locations across its eight brands this year, the company announced.  Brands operated by Alsea in Mexico include Starbucks, Burger King, Chili’s and Domino’s Pizza, among others. <em>(Reforma, January 26, 2012)</em></li>
<li><span style="text-decoration: underline;">Food processing</span>: The Mexican affiliate of U.S.-based food processing giant Kraft Foods re-inaugurated its research and development center in Mexico City at a cost of US$50 million in technology and skilled staff.  The facility carries out research to improve the quality and development time for new products. <em>(Reforma, January 26, 2012)</em></li>
</ul>
]]></content:encoded>
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		<item>
		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2012/01/03/recent-and-upcoming-investment-23/</link>
		<comments>http://bdp-americas.com/blog/2012/01/03/recent-and-upcoming-investment-23/#comments</comments>
		<pubDate>Tue, 03 Jan 2012 18:41:44 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[aerospace]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[Logistics]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[Plastics]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Telecommunications]]></category>

		<guid isPermaLink="false">http://bdp-americas.com/blog/?p=571</guid>
		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Information collected from media reports over the past month:

Telecommunications: Finland-based telecommunications technology provider Nokia Siemens Networks inaugurated a new Service Delivery Center in Mexico City.  The US$2.4 million facility will provide design, planning, optimization and assurance support for telecommunications networks in Latin America, according to the company. (Nokia [...]]]></description>
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		<div style="clear:both;"></div><p>Information collected from media reports over the past month:</p>
<ul>
<li><span style="text-decoration: underline;">Telecommunications</span>: Finland-based telecommunications technology provider Nokia Siemens Networks inaugurated a new Service Delivery Center in Mexico City.  The US$2.4 million facility will provide design, planning, optimization and assurance support for telecommunications networks in Latin America, according to the company. <em>(Nokia Siemens Networks, December 7, 2011)</em></li>
<li><span style="text-decoration: underline;">Metals</span>: U.S.-based metals processor Ryerson Inc. recently opened a new processing center in the northwestern city of Tijuana.  The facility will provide services such as cutting, slitting and laser burning for the area’s large maquiladora and manufacturing industries. <em>(Made in Mexico, Inc., November 7, 2011)</em></li>
<li><span style="text-decoration: underline;">Aviation</span>: Mexican airline VivaAerobus announced plans to invest US$20 – 25 million in 2012 for the acquisition of five to seven new aircraft.  The company has registered strong growth since its launch in 2006. <em>(Mexican Business Web, December 3, 2011)</em></li>
<li><span style="text-decoration: underline;">Mining</span>: Canadian mining firm Excalibur Resources announced that it will proceed to develop a major gold and silver production facility at its Catanava mining property in Zacatecas, Mexico, following approval of permits by the Mexican government.  Plans for the development include the construction of office and warehouse space as well as crushing, milling, conveyance and laboratory installations. <em>(Canadian Mining Journal, November 25, 2011)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: U.S.-based electronics retailer Best Buy announced plans to double the number of its sales locations in Mexico next year.  Best Buy, which entered the Mexican market in 2008, plans to expand from eight to 16 stores in Mexico in 2012. <em>(Reforma, November 29, 2011)<span id="more-571"></span></em></li>
<li><span style="text-decoration: underline;">Automotive</span>: German automotive and electrical components manufacturer Bosch estimated total investment in Mexico of over US$78 million for 2011.  The resources went principally to upgrade machinery and tooling for the company’s 13 production plants in the country, Bosch Mexico president Charles Visconti revealed. <em>(NAFTA Works, December 2011</em>)</li>
<li><span style="text-decoration: underline;">Automotive</span>: Japan-based Neaton Auto inaugurated a new production plant in the central state of Queretaro.  Built at a cost of US$53 million, the facility will manufacture air bags for OEMs Nissan, Honda and Toyota. <em>(Corresponsal del Bajío, November 3, 2011)</em></li>
<li><span style="text-decoration: underline;">Plastics</span>: Spanish automation components and plastics manufacturer Matz-Erreka inaugurated a new expansion at the plant of its Mexican affiliate Erramex in the central state of Queretaro.  The US$3 million capacity addition will produce precision components for clients such as Valeo, Hutchinson, ZF Sachs and others. <em>(El Financiero, December 5, 2011)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Spain-based gas multinational Gan Natural Fenosa announced plans to invest approximately US$65-70 million annually in Mexico over the next 13 years to expand its gas distribution network.  The company seeks to double its existing 15,000 km of pipeline over this period. <em>(El Financiero, December 15, 2011)</em></li>
<li><span style="text-decoration: underline;">Aerospace</span>: French aircraft component maker Manoir Industries inaugurated a new manufacturing plant in the northern state of Chihuahua.  The US$10 million facility will join the state’s growing aerospace cluster, producing turbine blades and parts for braking systems. <em>(Chihuahuan Frontier, December 1, 2011) </em></li>
<li><span style="text-decoration: underline;">Manufacturing</span>: U.S.-based Mars company’s Mexico subsidiary inaugurated a new pet food manufacturing plant in the western state of Jalisco.  The US$60 million facility will produce moist food products for dogs and cats. <em>(Excelsior, December 12, 2011)</em></li>
<li><span style="text-decoration: underline;">Logistics</span>: Danish marine transport group A.P. Moller-Maersk subsidiary APM Terminals will invest US$900 million to construct a new container handling terminal at the Mexican port of Lázaro Cárdenas.  The facility is planned to include 5,000 feet of dock space and an on-dock rail yard. <em>(El Financiero, December 30, 2011)</em></li>
</ul>
<p>Read about our participation in the Mexico Today program <a title="here" href="http://bdp-americas.com/blog/2011/06/21/bdp-delighted-to-join-mexico-today-program/" target="_blank">here</a>.</p>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/12/06/recent-and-upcoming-investment-22/</link>
		<comments>http://bdp-americas.com/blog/2011/12/06/recent-and-upcoming-investment-22/#comments</comments>
		<pubDate>Tue, 06 Dec 2011 20:19:25 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[Beverage]]></category>
		<category><![CDATA[biotechnology]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Logistics]]></category>
		<category><![CDATA[pharmaceutical]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Telecommunications]]></category>

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		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Information collected from media reports over the past month:

Beverage: Netherlands-based Heineken International, through its Mexican brewing operation Cuauhtemoc Moctezuma (CM), invested over US$37 million to boost sales of the brewery’s Carta Blanca beer brand.  Resources were channeled into areas such as a new returnable bottle, label design and [...]]]></description>
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		<div style="clear:both;"></div><p>Information collected from media reports over the past month:</p>
<ul>
<li><span style="text-decoration: underline;">Beverage</span>: Netherlands-based Heineken International, through its Mexican brewing operation Cuauhtemoc Moctezuma (CM), invested over US$37 million to boost sales of the brewery’s Carta Blanca beer brand.  Resources were channeled into areas such as a new returnable bottle, label design and delivery truck modifications.  CM was acquired by Heineken in 2010. <em>(Vanguardia, October 28, 2011)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Mareña Renovables Capital, S.A.P.I. de C.V., controlled by an investment consortium led by Australia’s Macquarie Group, will build Mexico’s largest wind farm to date in the southern state of Oaxaca.  The 396 MW electricity generating site will supply energy to beverage giant FEMSA, which will co-finance construction with assistance from a US$72 million loan from the Inter-American Development Bank (IDB). <em>(Inter-American Development Bank, November 24, 2011)</em></li>
<li><span style="text-decoration: underline;">Logistics</span>: Mexico’s rail freight operators are projecting combined investment of approximately US$350 – 450 million annually in the coming years, according to the Mexican Railroad Association.  Resources are targeted principally for modernization and upgrade of infrastructure. <em>(Reforma, November 9, 2011)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Mexico’s Federal Electricity Commission (CFE) is projecting that public agencies and private companies will invest a combined US$10.5 billion to expand the country’s natural gas pipeline network.  Projects include eight new pipelines, which will help support planned conversion of power plants from fuel oil to natural gas. <em>(Reforma, November 9, 2011)</em></li>
<li><span style="text-decoration: underline;">Automotive</span>: U.K.-based auto parts manufacturer GKN Driveline is projecting total investment in its Mexico operations at US$46 million for 2011.  The expenditures are focused on reinforcing metal forming, machining and assembly operations to increase production at the company’s three plants in the central state of Guanajuato. <em>(Reforma, November 21, 2011)</em></li>
<li><span style="text-decoration: underline;">Pharmaceutical</span>: German pharmaceutical manufacturer Boehringer Ingelheim inaugurated a new production plant in the western state of Jalisco.  The US$10 million facility will produce biological veterinary products for poultry, swine and cattle applications. <em>(NAFTA Works, November, 2011)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: Mexico’s national retailers association ANTAD is projecting total investment of US$3.6 billion in new store openings and remodeling for 2011.  The sector has performed well this year despite the uncertain economic climate, with leading grocery and general merchandise chains Wal-Mart and Chedraui reporting total sales growth of 12% and 11.9%, respectively, through September. <em>(Reforma, November 7, 2011)<span id="more-555"></span></em></li>
<li><span style="text-decoration: underline;">Biotechnology</span>: The central state of Morelos plans to invest approximately US$25 million to establish a biotechnology park in the city of Cuernavaca.  The state is offering a series of incentives that they project will attract some 40 – 50 research and manufacturing operations to the facility.  <em>(Reforma, November 11, 2011)</em></li>
<li><span style="text-decoration: underline;">Logistics</span>: U.S.-based university The Georgia Institute of Technology, in conjunction with Mexico’s Monterrey Technological Institute (ITESM), recently opened a Trade and Logistics Innovation Center in Mexico City.  The center will provide executive education and advanced research in areas such as lean supply chain, transportation, warehousing, inventory, trade and supply chain strategy.  <em>(GlobalAtlanta.com, September 29, 2011)</em></li>
<li><span style="text-decoration: underline;">Automotive</span>: U.S.-based auto parts manufacturer TRW Automotive Holdings Corp. announced it will open a new production plant in the central state of Queretaro in 2012.  The planned facility machine aluminum components and assemble advanced brake systems in a clean-room environment.  The amount of investment was not reported. <em>(American machinist, November 23, 2011)</em></li>
<li><span style="text-decoration: underline;">Telecommunications</span>: Mobile network operator Nextel de Mexico is projecting investment of approximately US$1.4 billion over the next five years.  The company currently reports a client base of 3.5 million subscribers in Mexico. <em>(Mexican Business Web, September 21, 2011)</em></li>
<li><span style="text-decoration: underline;">Aerospace</span>: Canadian aerospace manufacturer Héroux-Devtek inaugurated a new production plant in the central state of Queretaro this month.  The US$20 million facility will produce aerostructure components for OEMs also located in the fast-growing Queretaro aerospace cluster, the company announced. <em>(Héroux-Devtek press release, November 15, 2011)</em></li>
<li><span style="text-decoration: underline;">Railroads</span>: Mexico’s rail freight operators project investment of a combined US$500 million in 2012.  Companies including Ferrocarril del Sureste, Ferromex, Kansas City Southern, Ferrocarril Tijuana-Tecate and Ferrocarril Coahuila-Durango will channel the resources into infrastructure development and new equipment. <em>(El Financiero, November 15, 2011)</em></li>
<li><span style="text-decoration: underline;">Automotive</span>: German heavy vehicle manufacturer MAN Truck &amp; Bus, via its Mexican subsidiary, will invest US$15 million to expand and upgrade capacity at its plant in the central state of Queretaro.  The resources are earmarked to outfit work stations and supply lines for the production of 14 new vehicle models. <em>(Reforma, November 22, 2011)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: DIY retailer The Home Depot announced aggressive expansion plans for 2012, projecting investment of US$143 million in a drive to increase its Mexico stores from 91 to 100.  The Home Depot acquired Home Mart in Mexico in 2004 and is currently the country’s largest home improvement and construction products chain. <em>(Mexican Business Web, November 24, 2011)</em></li>
</ul>
]]></content:encoded>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/11/01/recent-and-upcoming-investment-21/</link>
		<comments>http://bdp-americas.com/blog/2011/11/01/recent-and-upcoming-investment-21/#comments</comments>
		<pubDate>Tue, 01 Nov 2011 20:27:33 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[aerospace]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[Beverage]]></category>
		<category><![CDATA[Food processing]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[Recycling]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Software]]></category>
		<category><![CDATA[Steel]]></category>
		<category><![CDATA[Telecommunications]]></category>

		<guid isPermaLink="false">http://bdp-americas.com/blog/?p=536</guid>
		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Information collected from media reports over the past month:

Automotive: German auto parts manufacturer Robert Bosch projected investment in its Mexico operations at US$78 million for 2011.  The resources are earmarked to support introduction of new technologies and preparation for the manufacture of new brake pad and battery products [...]]]></description>
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		<div style="clear:both;"></div><p>Information collected from media reports over the past month:</p>
<ul>
<li><span style="text-decoration: underline;">Automotive</span>: German auto parts manufacturer Robert Bosch projected investment in its Mexico operations at US$78 million for 2011.  The resources are earmarked to support introduction of new technologies and preparation for the manufacture of new brake pad and battery products at the company’s 13 Mexico production locations. <em>(El Informador, September 29, 2011)</em></li>
<li><span style="text-decoration: underline;">Aerospace</span>: Canadian aircraft maker Bombardier announced it will invest US$50 million to outfit its Queretaro plant to produce the aft fuselage for its new generation of long range business jets.  Mexico is now producing major composite structures for the company’s Learjet 85, such as fuselage lay-up and subsystem installation, wiring harness fabrication and installation, wing assembly and horizontal and vertical stabilizer assemblies. <em>(The Montreal Gazette, October 25, 2011)</em></li>
<li><span style="text-decoration: underline;">Recycling</span>: Germany-based industrial services firm Ferrostaal AG announced plans to build a tire recycling plant in Mexico.  The facility will convert used vehicle tires into rubber granules for potential use in the manufacture of sports and recreation surfaces, soundproofing insulation or water hoses, among other uses.  The amount of investment in the new plant was not specified. <em>(Ferrostaal, September 26, 2011)</em></li>
<li><span style="text-decoration: underline;">Mining</span>: Minera Autlán, subsidiary of Mexican mining group Grupo Ferrominero (GFM), is projecting investment in its Mexico mining operations of up to US$300 million over the next five years.  GFM’s energy subsidiary GFM Energía also plans to build three hydroelectric plants and one wind power generating plant in the coming years. <em>(Reforma, October 6, 2011)</em></li>
<li><span style="text-decoration: underline;">Steel</span>: U.S.-based Steel Technologies announced plans to build a new steel processing facility in the northeastern state of Nuevo León.  The US$78 million plant is planned to provide steel cutting and surface treatment services for the region’s thriving automotive industry. <em>(NAFTA Works, October 2011)<span id="more-536"></span></em></li>
<li><span style="text-decoration: underline;">Software</span>: Microsoft Corp. inaugurated a new Microsoft Technology Center in Mexico City this month.  The center, the first of its kind in Latin America, will be used to train software developers and test advanced products.  Microsoft is projecting investment of over US$600 million in Mexico in the coming years. <em>(Fox News Latino, October 5, 2011)</em></li>
<li><span style="text-decoration: underline;">Food processing</span>: Swiss confectionary Barry Callebaut revealed plans to acquire a chocolate producing plant in Toluca, Mexico, from its strategic partner Grupo Turin.   The European chocolate maker plans to invest US$30 million over the next three years to boost production at its Mexico facilities. <em>(El Universal, September 21, 2011)</em></li>
<li><span style="text-decoration: underline;">Telecommunications</span>: The Mexican market for smart phones is on track to grow 78% in 2011, according to market researchers IDC.  Mexico is the second largest market in Latin America for the devices, with sales of over 7 million units projected for this year. <em>(Mexican Business Web, October 7, 2011)</em></li>
<li><span style="text-decoration: underline;">Food processing</span>: Mexican coffee processor CAFESCA inaugurated a new US$43 million freeze-drying plant in the southern state of Chiapas this month.  Mexico is among the world’s largest coffee producers, with Chiapas the country’s leading coffee producing state. <em>(El Financiero, October 19, 2011)</em><span style="text-decoration: underline;"> </span></li>
<li><span style="text-decoration: underline;">Aerospace</span>: Mexico’s airline industry will require over 400 new passenger jets worth more than US$30 billion during the next 20 years, according to the 2010 – 2030 Global Market Forecast by Airbus.  Mexico is the European aircraft manufacturer’s second largest market in Latin America after Brazil, Airbus reported. <em>(Reforma, October 28, 2011)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: Mexican corporate group FEMSA announced an expansion target of opening 3,000 new locations of its Oxxo convenience store format by the end of 2014.  The company currently operates over 9,000 Oxxo stores in Mexico. <em>(El Financiero, October 18, 2011) </em></li>
<li><span style="text-decoration: underline;">Beverage</span>: Freixenet Mexico, subsidiary of Spanish winemaker Freixenet, expanded its bottling plant in the central state of Queretaro through investment of US$1.4 million, the company revealed.  The upgrade doubled bottling capacity from 1,000 to 2,000 bottles of wine per hour. (<em>Reforma, October 31, 2011</em>)</li>
<li><span style="text-decoration: underline;">Aerospace</span>: France-based Eurocopter announced plans to build a new manufacturing plant in the central state of Queretaro, home to Mexico’s largest aerospace cluster.  The US$100 million facility is planned to produce helicopter and aircraft components such as tail booms, vertical stabilizers and doors. <em>(Corporate Jet Investor, October 27, 2011)</em></li>
</ul>
<p>Read about our participation in the Mexico Today program <a title="here" href="http://bdp-americas.com/blog/2011/06/21/bdp-delighted-to-join-mexico-today-program/" target="_blank">here</a>.</p>
]]></content:encoded>
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		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Recent and upcoming investment in Mexico</title>
		<link>http://bdp-americas.com/blog/2011/10/06/recent-and-upcoming-investment-in-mexico/</link>
		<comments>http://bdp-americas.com/blog/2011/10/06/recent-and-upcoming-investment-in-mexico/#comments</comments>
		<pubDate>Thu, 06 Oct 2011 16:37:37 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[auto parts]]></category>
		<category><![CDATA[biotechnology]]></category>
		<category><![CDATA[Electronics]]></category>
		<category><![CDATA[Food processing]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[Logistics]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[pharmaceutical]]></category>
		<category><![CDATA[Retail]]></category>

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		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Information collected from media reports over the past month:

Retail: USA-based apparel marketer Warnaco revealed plans to open approximately 30 new stores in Mexico over the next two years.  Mexico sales were up by 39% through the first half of 2011 for the marketer of brands such as Calvin [...]]]></description>
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			</div></div>
		<div style="clear:both;"></div><p>Information collected from media reports over the past month:</p>
<ul>
<li><span style="text-decoration: underline;">Retail</span>: USA-based apparel marketer Warnaco revealed plans to open approximately 30 new stores in Mexico over the next two years.  Mexico sales were up by 39% through the first half of 2011 for the marketer of brands such as Calvin Klein and Speedo. <em>(Reforma, August 25, 2011)</em></li>
<li><span style="text-decoration: underline;">Logistics</span>: Mexican cargo terminal operator Ferrovalle Intermodal announced a US$10 million expansion to its rail cargo handling facilities in Mexico City to be carried out this year.  The addition of 25 developed acres to the terminal will increase annual handling capacity to over 550,000 containers and speed last-mile deliveries. <em>(Reforma, August 1, 2011)</em></li>
<li><span style="text-decoration: underline;">Entertainment</span>: Mexico City’s largest film studio, Estudios Churubusco, will expand with the construction of a new post-production building.  The investment of approximately US$20 million will include over 30,000 square feet of digital laboratory space, production warehousing and offices. <em>(Reforma, September 6, 2011)</em></li>
<li><span style="text-decoration: underline;">Infrastructure</span>: Spanish infrastructure developer OHL Group, through its environmental subsidiary Inima, will build and operate a large-scale desalination plant in the northern Mexican state of Baja California.  The US$41 million facility is planned to produce 275 million cubic feet of potable water annually. <em>(Reforma, September 7, 2011)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Spanish renewable energy developer Siliken will invest US$20 million initially to build and launch a 100 MW solar power plant in the northern state of Durango.  The project is planned to include a research and development center in addition to generating electricity. <em>(Milenio, September 8, 2011)</em></li>
<li><span style="text-decoration: underline;">Autoparts</span>: Japanese industrial automation manufacturer Omron Corporation will invest US$30 million to build a new production plant in the central Mexican state of Guanajuato.   The facility will join recently announced new factories to be built by Honda and Mazda in Guanajuato’s growing automotive industry. <em>(El Sol de Irapuato, August 27, 2011)</em></li>
<li><span style="text-decoration: underline;">Biotechnology</span>: Mexican agricultural biotechnology laboratory Biosustenta inaugurated a new plant to produce biofertilizers in the western state of Michoacán.  The US$1.3 million facility will use mycorrhizal fungi and other bacterias to produce the fertilizers.  Biosustenta currently exports product to the United States, Canada and Europe. <em>(El Financiero, August 30, 2011)<span id="more-508"></span></em></li>
<li><span style="text-decoration: underline;">Infrastructure</span>: Quintana Roo state port authority Apiqroo will oversee the construction of a new cruise ship dock on the tourist island of Cozumel.  The US$40 million terminal is planned to serve the growing traffic of cruise ships to the resort island south of Cancun. <em>(El Financiero August 30, 2011)</em></li>
<li><span style="text-decoration: underline;">Mining</span>: Mexican mining concern Minera Autlán revealed plans to invest US$300 – 400 million over the next five years in a range of expansion initiatives.  Projects to be carried out include development of a new manganese mine, construction of a new ferroalloys plant and diversification of their manganese products to serve additional industries. <em>(Reforma, September 9, 2011)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Spanish energy developer Preneal will construct a wind-powered electricity generation plant in the northern state of Zacatecas, state officials announced.  The US$300 million project is projected to have an installed capacity of 100 MW. <em>(Milenio, September 4, 2011)</em></li>
<li><span style="text-decoration: underline;">Electronics</span>: USA-based Spellman High Voltage Electronics Corp. inaugurated a new manufacturing and testing plant in the border city of Matamoros.  The US$15 million facility will provide additional capacity for the production of power supplies and X-ray generators as well as testing for Spellman’s other production plants. <em>(El Mañana de Reynosa, August 18, 2011)</em></li>
<li><span style="text-decoration: underline;">Food processing</span>: U.S.-based PepsiCo is nearing completion of a new Advanced Baking center under construction at the Research and Technology Innovation Park in the north eastern state of Nuevo León.  The US$20 million facility will develop new baked products for the company’s Gamesa and Quaker brands. <em>(Reforma, September 13, 2011)</em></li>
<li><span style="text-decoration: underline;">Chemicals</span>: Mexican industrial group Grupo Cydsa announced plans to invest over US$100 million to build two new manufacturing plants and expand a third.  The new facilities will produce bleach, caustic soda and other chemical products, while expansion is planned for the company’s existing salt refinery in the Gulf state of Veracruz. <em>(El Financiero, September 13, 2011)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: Upscale Mexican department store chain Liverpool will invest up to US$450 million to open seven new stores in Mexico in 2012.  Same-store sales rose 8.4% in 1H11 for the leading retailer and mall operator. <em>(CNN Expansión, September 13, 2011)</em></li>
<li><span style="text-decoration: underline;">Manufacturing</span>: Danish toymaker Lego announced plans to invest US$100 million in its manufacturing plant located in Monterrey, Nuevo León.  The resources are earmarked to expand capacity at the facility, which makes products for the Mexican market as well as for export to the USA and Canada.  Lego sales in Mexico are growing by double digit percentages annually. <em>(El Financiero, September 14, 2011)</em></li>
<li><span style="text-decoration: underline;">Energy</span>: Mexican energy consortium Baja Sun energy will invest over US$500 million to develop a major complex in Baja California that will manufacture solar panels as well as generate solar electricity.  Investors include Arima Eco Group of Taiwan, joint U.S.-Mexican solar developer Silicon Border and Mexican specialized builders Grupo Maíz. <em>(San Francisco Chronicle, September 12, 2011)</em></li>
<li><span style="text-decoration: underline;">Retail</span>: U.S.-based DIY retailer The Home Depot announced planned investment of US$260 million in Mexico by the end of 2012.  The resources will support the opening of 13 new stores in the country to reach a total 100 locations. <em>(Reforma, September 22, 2011)</em></li>
<li><span style="text-decoration: underline;">Pharmaceutical</span>: Mexican pharmaceutical laboratory Landsteiner Scientific began construction on a new research center in the central city of Toluca to be built at a cost of approximately US$37 million.  The site is planned to include facilities for research as well as the production and distribution of medications. <em>(Bolsa Mexicana de Valores, September 20, 2011)</em></li>
</ul>
<p>To read about our participation in the Mexico Today program, go <a title="here" href="http://bdp-americas.com/blog/2011/06/21/bdp-delighted-to-join-mexico-today-program/" target="_blank">here</a>.</p>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/09/05/recent-and-upcoming-investment-20/</link>
		<comments>http://bdp-americas.com/blog/2011/09/05/recent-and-upcoming-investment-20/#comments</comments>
		<pubDate>Mon, 05 Sep 2011 21:18:16 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[agribusiness]]></category>
		<category><![CDATA[automotive]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[Logistics]]></category>
		<category><![CDATA[Mining]]></category>
		<category><![CDATA[pharmaceutical]]></category>
		<category><![CDATA[Real estate]]></category>
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		<category><![CDATA[Steel]]></category>

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Agribusiness: Mexican agricultural services provider Phytosan inaugurated a new phytosanitary radiation plant in the northeastern state of San Luis Potosi following investment of US$12 million.  The facility, the only one of its kind in Mexico, will be used to treat fruits and vegetables for export to the United [...]]]></description>
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		<div style="clear:both;"></div><ul>
<li><span style="text-decoration: underline;">Agribusiness</span>: Mexican agricultural services provider Phytosan inaugurated a new phytosanitary radiation plant in the northeastern state of San Luis Potosi following investment of US$12 million.  The facility, the only one of its kind in Mexico, will be used to treat fruits and vegetables for export to the United States.</li>
<li><span style="text-decoration: underline;">Automotive</span>: Japanese automaker Honda plans to invest US$800 million to build a new manufacturing plant in the central state of Guanajuato.  The new factory, planned to begin production by 2014, will produce energy-efficient subcompact autos. Honda currently operates an automobile factory in the western state of Jalisco.</li>
<li><span style="text-decoration: underline;">Hospitality</span>: U.S.-based hotelier La Quinta Inns &amp; Suites announced plans to invest US$60 million to expand operations in Mexico over the next three years.  Projects are expected to include new hotels in business hubs such as Mexico City, Ciudad Juarez, Reynosa and San Luís Potosí, among other locations.</li>
<li><span style="text-decoration: underline;">Automotive</span>: Japanese automaker Honda will reactive investment plans at its manufacturing plant in the western state of Jalisco.  US$60 million in resources are earmarked to install equipment and technology needed to produce the company’s next model CR-V recreational vehicle.</li>
<li><span style="text-decoration: underline;">Automotive</span>: U.S. auto parts maker TRW Automotive announced it will invest US$50 million to install a new manufacturing plant in the central Mexican state of Queretaro.  The new facility reportedly will produce anti-lock braking systems to supply Volkswagen Brazil.</li>
<li><span style="text-decoration: underline;">Mining</span>: Mexican corporate group GFM has formed a joint venture between its heavy equipment subsidiary GFM Maquinaria and Singapore-based Singapore Technologies Kinetics to market mining equipment under the brand TRXBUILD.  The association plans to build a factory to produce equipment such as backhoes, tractors and off-road trucks in Mexico within five years through projected investment of US$20 million.<span id="more-430"></span></li>
<li><span style="text-decoration: underline;">Pharmaceutical</span>: Mexican pharmaceuticals manufacturer Grupo Silanes will invest US$20 million to construct a new production facility in the city of Toluca, near Mexico City.  The plant will produce the company’s Anascorp antidote for scorpion stings, recently approved for sale in the United States by the U.S. FDA.</li>
<li><span style="text-decoration: underline;">Real Estate</span>: U.S.-based real estate developer Bald Mountain Development is preparing to construct a luxury hotel and housing complex in the central Mexican city of San Miguel de Allende.  The US$250 million project may be followed by two similar developments elsewhere in the country, according to the company.</li>
<li><span style="text-decoration: underline;">Aviation</span>: U.S. commercial air carrier Delta announced a US$65 million investment in Mexican carrier Aeromexico in exchange for stock and a seat on the Mexican airline’s board of directors.  The deal includes additional US$20 million investments from each company to expand joint maintenance and repair capabilities in Mexico.</li>
<li><span style="text-decoration: underline;">Steel</span>: Mexican steel industry leader Altos Hornos de México (AHMSA) announced US$493 million in new investment to conclude an ongoing production capacity expansion project.  The steel giant seeks to enhance capability to produce specialized steels for automotive, metal mechanic and other manufacturing industries.</li>
<li><span style="text-decoration: underline;">Retail</span>: Mexico’s ANTAD national retailers’ association announced combined investment of US$3.6 billion by its members projected for 2011.  First half retail sales were up 10.3% in nominal terms and 3.8% for same-store sales this year, the group reported.</li>
<li><span style="text-decoration: underline;">Mining</span>: Mexico’s mining industry chamber Camimex reported its members will invest US$848 million in exploration of new deposits this year.  The record sum is driven in part by surging demand for gold on world markets.</li>
<li><span style="text-decoration: underline;">Logistics</span>: Germany-based courier DHL Express will open 24 new sales locations in Mexico in 2011 at a cost of approximately US$2.5 million, in addition to opening a new gateway site in Monterrey this year.  The expansion is part of a five-year US$125 million investment program for the company’s Mexico operations.</li>
<li><span style="text-decoration: underline;">Infrastructure</span>: Mexico’s Communications and Transportation Ministry (SCT) announced it will issue a tender for road construction in the western state of Michoacan by the end of this year.  The contract package for construction and widening of highways in the state will have a projected value of approximately US$450 million.</li>
<li><span style="text-decoration: underline;">Energy</span>: British oil and gas infrastructure services provider Petrofac announced plans to invest US$200 million in Mexico over the next two years.  Petrofac recently was awarded two contracts by state oil monopoly Petroleos Mexicanos (Pemex) to increase output at mature oil production sites in Mexico.</li>
</ul>
<p>Read about our participation in the Mexico Today program <a title="here" href="http://bdp-americas.com/blog/?p=340" target="_blank">here</a>.</p>
]]></content:encoded>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/08/02/recent-and-upcoming-investment-19/</link>
		<comments>http://bdp-americas.com/blog/2011/08/02/recent-and-upcoming-investment-19/#comments</comments>
		<pubDate>Tue, 02 Aug 2011 15:05:01 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Energy]]></category>
		<category><![CDATA[Investment]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[aeronáutica]]></category>
		<category><![CDATA[aerospace]]></category>
		<category><![CDATA[alimentos]]></category>
		<category><![CDATA[automotive]]></category>
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		<category><![CDATA[construction]]></category>
		<category><![CDATA[Electronics]]></category>
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		<category><![CDATA[Food processing]]></category>
		<category><![CDATA[logística]]></category>
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		<category><![CDATA[Mexico economy]]></category>
		<category><![CDATA[minería]]></category>
		<category><![CDATA[Mining]]></category>
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		<guid isPermaLink="false">http://bdp-americas.com/blog/?p=383</guid>
		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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Automotive: U.S. auto maker General Motors announced US$900 million in additional investment in Mexico in the coming years.  The resources are planned to expand production capabilities at various of the company’s plants in the country.
Manufacturing: British-Dutch consumer goods giant Unilever inaugurated a new manufacturing plant in the state [...]]]></description>
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		<div style="clear:both;"></div><ul>
<li><span style="text-decoration: underline;">Automotive</span>: U.S. auto maker General Motors announced US$900 million in additional investment in Mexico in the coming years.  The resources are planned to expand production capabilities at various of the company’s plants in the country.</li>
<li><span style="text-decoration: underline;">Manufacturing</span>: British-Dutch consumer goods giant Unilever inaugurated a new manufacturing plant in the state of Morelos, near Mexico City.  The US$84 million facility will produce personal care products for the brands Axe, Dove and Rexona.</li>
<li><span style="text-decoration: underline;">Tourism</span>: Mexican hotel operator Grupo Posadas will invest US$140 million this year in new hotel projects in Mexico.  With tourism showing signs of recovery after the long economic downturn, Posadas’ Mexican investment is part of a total US$400 million projected by the company for new projects throughout Latin America.</li>
<li><span style="text-decoration: underline;">Wind power</span>: The Mexican subsidiary of U.S.-based Cannon Power Group revealed plans to invest US$2.5 billion to develop three new wind farms in Mexico.  The newly created Mexico Power group plans generating plants with combined capacity over 300 MW for the states of Baja California, Zacatecas and Quintana Roo.</li>
<li><span style="text-decoration: underline;">Metals</span>: Chilean metals processor Molymet will invest US$135 million to build a new production plant in Sonora, Mexico.  The new plant will add to the company’s existing molybdenum processing infrastructure in the state.</li>
<li><span style="text-decoration: underline;">Food processing</span>: Leading Mexican meat processor SuKarne will invest US$270 million to build a large production facility in the north eastern state of Nuevo Leon.  The project is planned to include livestock raising facilities, a feed plant, a federally certified slaughterhouse, a packing plant, a distribution center and a rail shipping link.<span id="more-383"></span></li>
<li><span style="text-decoration: underline;">Paper</span>: Chilean paper producer CMPC will open a new paper bag manufacturing plant in Guadalajara, Mexico.  The US$20.4 million facility is projected to begin operations in early 2012 with annual production capacity of 40,000 tons.</li>
<li><span style="text-decoration: underline;">Construction</span>: Plans for US$ 2.3 billion worth of new office tower construction along Mexico City’s Reforma business corridor were revealed during the World Office Forum conference in Mexico City this month.  At least 13 new towers are slated for construction by 2014.</li>
<li><span style="text-decoration: underline;">Automotive</span>: Volkswagen Mexico invested US$400 million to redesign its Puebla, Mexico plant for the production of the new Beetle model automobile.  The company is projecting output of 100,000 units of the model for next year, principally for export to the United States, Europe and China.</li>
<li><span style="text-decoration: underline;">Retail</span>: U.S.-based grocery and general merchandise retailer H-E-B plans to invest US$23 million in 2012 to capitalize on its strong growth in the Mexican market.  Sales at the chain’s Mexican stores, which currently number 39, were up 12% overall through the first half of 2011.</li>
<li><span style="text-decoration: underline;">Mining</span>: Mexican mining firm Grupo Peñoles inaugurated its new El Saucito silver mine in the northern state of Zacatecas.  Total investment in the new mine and processing plant is estimated at over US$300 million.</li>
<li><span style="text-decoration: underline;">Logistics</span>: Mexican intermodal freight terminal operator Intermodal Mexico will invest US$20 million in infrastructure upgrades to handle strong growth in demand for container management.  Resources are earmarked for container handling equipment, cranes and information management systems.</li>
<li><span style="text-decoration: underline;">Electronics</span>: U.S.-based audio electronics manufacturer Harman is building a new production facility in the central state of Queretaro.  The plant, to be completed next month at a cost of approximately US$75 million, will produce audio systems for automobiles.</li>
<li><span style="text-decoration: underline;">Cosmetics</span>: French cosmetics giant L’Oreal will invest US$50 million in the construction of a new manufacturing plant in the northeastern state of San Luís Potosí.  The new facility, the company’s second in Mexico, is planned to produce hair coloring products for the Mexican market as well as for export to the United States and elsewhere in Latin America.</li>
<li><span style="text-decoration: underline;">Telecommunications</span>: Mexican beverage bottler Coca Cola-FEMSA is investing US$3 million to open a new contact center in the State of Mexico, just outside Mexico City.  The center is planned to handle 10,000 customer service calls daily from the surrounding states.</li>
<li><span style="text-decoration: underline;">Aerospace</span>: British heat treatment specialist Bodycote announced recently it will open a new technical facility in the northwestern state of Sonora.  The plant will provide advanced thermal processing services to aerospace manufacturers in the area. The states of Sonora, Chihuahua and Baja California form Mexico’s largest aerospace manufacturing cluster with over 100 companies between them.</li>
</ul>
<p>To find out about our participation in the Mexico Today program, please go <a href="http://bdp-americas.com/blog/2011/06/bdp-delighted-to-join-mexico-today-program/">here</a>.</p>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/06/10/recent-and-upcoming-investment-17/</link>
		<comments>http://bdp-americas.com/blog/2011/06/10/recent-and-upcoming-investment-17/#comments</comments>
		<pubDate>Fri, 10 Jun 2011 16:06:27 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[Investment]]></category>
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		<category><![CDATA[automotive]]></category>
		<category><![CDATA[aviation]]></category>
		<category><![CDATA[banking]]></category>
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		<guid isPermaLink="false">http://bdp-americas.com/blog/?p=330</guid>
		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Reports on some recent and upcoming investment collected from the local business media:

Mining: Canadian mining firm Chesapeake Gold Corp. will invest up to US$3.5 billion over the coming years in a large scale project to develop gold and silver extraction operations at its Metate site in Durango, northern [...]]]></description>
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		<div style="clear:both;"></div><p>Reports on some recent and upcoming investment collected from the local business media:</p>
<ul>
<li><span style="text-decoration: underline;">Mining</span>: Canadian mining firm Chesapeake Gold Corp. will invest up to US$3.5 billion over the coming years in a large scale project to develop gold and silver extraction operations at its Metate site in Durango, northern Mexico.  The site is projected to become one of the world’s largest producers of the precious metals.</li>
<li><span style="text-decoration: underline;">Automotive</span>: German auto parts manufacturer Schaeffler will invest US$120 million to boost its operations in central Mexico.  The resources will be used to expand production infrastructure at the company’s plant in Irapuato, Guanajuato, which produces parts for automobile motors, transmissions and chassis.</li>
<li><span style="text-decoration: underline;">Food processing</span>: Mexican multinational baking giant Grupo Bimbo revealed plans for US$190 million worth of investment in Mexico this year.  Much of the resources are earmarked for upgrades to increase operational efficiency at the company’s 45 production plants in the country.</li>
<li><span style="text-decoration: underline;">Logistics</span>: Mexican courier company Estafeta will build four new operations centers in Mexico beginning this year, as part of the firm’s US$37.5 million expansion plans for 2011.  Estafeta reported its cargo levels have returned to 2008 levels, and the company is projecting 6% growth for the current year.</li>
<li><span style="text-decoration: underline;">Automotive</span>: Japanese tire giant Bridgestone will invest US$100 million this year to boost production capacity in Mexico.  The expanded output at Bridgestone plants in the cities of Monterrey and Cuernavaca is intended to meet demand in the United States.</li>
<li><span style="text-decoration: underline;">Energy</span>: Mexican solar panel manufacturer Solartec is investing US$5.4 million to construct and equip a new research center in the central state of Guanajuato.  The goal of the new facility will be to develop technological improvements that will halve the cost of photovoltaic solar electricity systems in Mexico by 2015.<span id="more-330"></span></li>
<li><span style="text-decoration: underline;">Aviation</span>: Aerolíneas Ejecutivas, Mexico’s leader in private executive air travel services, announced it will purchase 15 new U.S.-made HondaJet aircraft, at a cost of US$67 million.  The jet services company, which also becomes the HondaJet representative for Mexico as part of the deal, reported 23% growth in demand for private corporate jet services in Mexico in 2010.</li>
<li><span style="text-decoration: underline;">Manufacturing</span>: GE Energy, subsidiary of energy multinational General Electric, will soon initiate production at a major expansion of their manufacturing facilities in the northeastern state of Nuevo Leon following transfer of operations from two plants in the United States.  The US$20 million project will produce a range of electric motors for industrial use.</li>
<li><span style="text-decoration: underline;">Mining</span>: Mexican mining company Frisco is in the process of investing US$215 million to boost output at its Asientos mine in the northern state of Aguascalientes.  The resources are aimed at increasing production of gold, silver and zinc at the site.</li>
<li><span style="text-decoration: underline;">Retail</span>: Comercial Mexicana, Mexico’s third largest grocery and general merchandise chain, announced it will invest approximately US$290 million in 2011 and 2012 to open 22 new stores and a distribution center.  The company operates two restaurant chains in addition to its 231 retail stores across eight formats.</li>
<li><span style="text-decoration: underline;">Banking</span>: Mexico’s largest bank, Banamex, announced plans to invest US$20 million to install 500 new touch-screen automatic teller machines in shopping centers and other retail locations around the country.  The new machines are equipped with enhanced security features.</li>
</ul>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/04/05/recent-and-upcoming-investment-15/</link>
		<comments>http://bdp-americas.com/blog/2011/04/05/recent-and-upcoming-investment-15/#comments</comments>
		<pubDate>Tue, 05 Apr 2011 16:58:04 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
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		<category><![CDATA[aerospace]]></category>
		<category><![CDATA[Electronics]]></category>
		<category><![CDATA[Food processing]]></category>
		<category><![CDATA[Mining]]></category>
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		<guid isPermaLink="false">http://bdp-americas.com/blog/?p=310</guid>
		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Reports on some recent and upcoming investment collected from the local business media:

Energy: U.S. energy giant General Electric inaugurated an advanced research center in the central Mexican state of Queretaro.  The US$20 million facility, located close to one of Mexico’s leading aerospace clusters, will contribute to the design [...]]]></description>
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			</div></div>
		<div style="clear:both;"></div><p>Reports on some recent and upcoming investment collected from the local business media:</p>
<ul>
<li><span style="text-decoration: underline;">Energy</span>: U.S. energy giant General Electric inaugurated an advanced research center in the central Mexican state of Queretaro.  The US$20 million facility, located close to one of Mexico’s leading aerospace clusters, will contribute to the design of airplane turbines and power generation systems.</li>
<li><span style="text-decoration: underline;">Retail</span>: Mexico’s leading retailer, Wal-Mart de Mexico, revealed plans to invest US$1.2 billion in Mexico in 2011.  The record-setting amount will help cover the opening of a projected 365 new retail locations across the company’s formats.</li>
<li><span style="text-decoration: underline;">Electronics</span>: German electronics manufacturer Siemens is investing a combined US50 million in new assembly and testing infrastructure in the central state of Queretaro.  The facilities will produce equipment for high voltage systems as well as contribute to new product development.</li>
<li><span style="text-decoration: underline;">Manufacturing</span>: Construction is underway on the fifth Mexico plant of Dutch lighting products manufacturer Philips.  The new facility, located in the northeastern city of Monterrey, is planned to produce lighting equipment for residential, industrial, commercial and municipal applications.</li>
<li><span style="text-decoration: underline;">Transport</span>: Kansas City Southern railroad’s Mexico subsidiary announced plans to invest US$125 million in upgrades this year.  The 2011 resources, an increase over 2010, are earmarked for infrastructure development, railway network maintenance and the purchase of equipment and technology.</li>
<li><span style="text-decoration: underline;">Retail</span>: Leading Mexican grocery and general merchandise chain Soriana will invest US$300 million to open new stores in 2011, the company announced.  Planned store openings include aggressive expansion of the chain’s downscale “Soriana Express” format.</li>
<li><span style="text-decoration: underline;">Food processing</span>: Food and beverage giant Pepsico will invest US$40 million in Mexico over the next seven years to expand the cultivation of sunflower.  Oil from the plants will be used in the production of the company’s baked goods under the brands Sabritas, Gamesa and Quaker.<span id="more-310"></span></li>
<li><span style="text-decoration: underline;">Beverage</span>: Coca Cola bottler KOF, subsidiary of the Mexican beverage conglomerate FEMSA, announced US$500 million in investments planned for Mexico in 2011.   The bottler posted strong earnings in 2010 and in evaluating further expansion into Central and South America in the near term.</li>
<li><span style="text-decoration: underline;">Autoparts</span>: Japanese rubber maker Kinugawa Rubber Industrial Co. inaugurated a new manufacturing facility in the central state of Guanajuato.  The US$10 million plant will produce rubber, plastic and resin parts as well as insulation and hoses for local auto makers.</li>
<li><span style="text-decoration: underline;">Mining</span>: Fresnillo, a division of Mexican mining group Peñoles, plans to invest US$800 million in upcoming expansion and exploration.  US$250 million of the resources are earmarked for exploration in central Mexico, as Fresnillo seeks to become the world’s largest producer of silver.</li>
<li><span style="text-decoration: underline;">Food processing</span>: Mexican food processing giant Grupo Herdez will open a new distribution center in the state of Mexico in 2011.  The US$80 million facility will become the company’s 10<sup>th</sup> distribution center in the country, in addition to 10 production plants.</li>
<li><span style="text-decoration: underline;">Aviation</span>: Mexican airline Aviacsa has invested US$40 million in preparation for its return to commercial passenger operations, following suspension of activities in 2009 due to financial problems.  Resources have been channeled into preparation of aircraft, outfitting of hangars, offices and maintenance facilities and personnel training, among other needs.</li>
<li><span style="text-decoration: underline;">Clean energy</span>: The Mexico City Police Department (PGJDF) acquired a fleet  of 23 new electric-powered vehicles to replace gasoline-powered vehicles being taken out of circulation.  The electric cars are projected to save the agency approximately US$4,000 per month in gasoline costs.</li>
<li><span style="text-decoration: underline;">Hospitality</span>: Some 19 hotel construction or remodeling projects will generate over US$190 million in investment in Mexico City this year, according to the Mexico City Hotel Owners Association.  Particular emphasis is being placed on boutique and express hotel formats at this time.</li>
<li><span style="text-decoration: underline;">Steel</span>: Argentinian steel maker Ternium began construction on a major new production plant in the northeastern state of Nuevo León.  Plans call for US$2.3 billion in investment overall in the facilty, which will produce high quality steel for use by regional auto manufacturers.</li>
<li><span style="text-decoration: underline;">Cement</span>: Swiss cement maker Grupo Holcim’s Mexico subsidiary Holcim Apasco inaugurated a new production facility in the northern state of Sonora this month.  The US$400 million facility includes cutting-edge technologies for renewable energy generation, waste recycling and overall mitigation of environmental impact.</li>
<li><span style="text-decoration: underline;">Aerospace</span>: Federal and state governments will team up to invest US$50 million to build Mexico’s first aerospace testing laboratory in the central state of Queretaro.  The facility will allow manufacturers of the area’s booming aerospace sector to have their products tested locally with international validity rather than sending them to the United States for certification.</li>
<li><span style="text-decoration: underline;">Clean energy</span>: Mexican beverage giant FEMSA will lead a group of investors in building a new wind power generation plant in the southern state of Oaxaca.  The US$90 million project planned to include 132 wind generators to produce capacity of 396 Mw.</li>
<li><span style="text-decoration: underline;">Steel</span>: Mexican steel maker Grupo Villacero inaugurated a new steel service center and helical tubing plant in the northeastern state of Nuevo Leon, built at a cost of US$107 million.  The center is the first of four such facilities planned for construction by 2015.</li>
</ul>
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		<title>Recent and upcoming investment</title>
		<link>http://bdp-americas.com/blog/2011/02/09/recent-and-upcoming-investment-14/</link>
		<comments>http://bdp-americas.com/blog/2011/02/09/recent-and-upcoming-investment-14/#comments</comments>
		<pubDate>Wed, 09 Feb 2011 20:24:03 +0000</pubDate>
		<dc:creator>Tom</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Energy]]></category>
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		<category><![CDATA[aerospace]]></category>
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		<description><![CDATA[ 
				
			 
				
			 
				 
			 
				
			 
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		Reports on some recent and upcoming investment collected from the local business media:

Aviation: Mexican airline VivaAerobus will invest US$30 million this year to acquire eight Boeing 737-300 aircraft.  The principally domestic carrier will use the new planes to add domestic and possibly international routes as well.  VivaAerobus has [...]]]></description>
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		<div style="clear:both;"></div><p>Reports on some recent and upcoming investment collected from the local business media:</p>
<ul>
<li><span style="text-decoration: underline;">Aviation</span>: Mexican airline VivaAerobus will invest US$30 million this year to acquire eight Boeing 737-300 aircraft.  The principally domestic carrier will use the new planes to add domestic and possibly international routes as well.  VivaAerobus has expanded steadily since entering the market in 2006.</li>
<li><span style="text-decoration: underline;">Automotive</span>: U.S. automaker General Motors announced plans to invest US$540 million to expand production at its existing plant at Toluca, just west of Mexico City.  The added infrastructure will accommodate production of two new models of energy efficient engines.  GM is Mexico’s largest auto maker.</li>
<li><span style="text-decoration: underline;">Energy</span>: Spanish renewable energy developer Iberdrola plans to invest US$400 million in its Mexico operations through the end of 2012.  Iberdrola recently purchased an existing wind farm in southern Mexico from fellow Spanish energy firm Gamesa, and is currently building another wind farm in the same region.</li>
<li><span style="text-decoration: underline;">Logistics</span>: Hutchison Port Holdings will undertake US$200 million worth of expansion and upgrades at the Port of Lazaro Cardenas on Mexico’s Pacific coast this year.  Planned works include dock construction, addition of berths and expansion of switching and storage yards to handle cargo containers.</li>
<li><span style="text-decoration: underline;">Aviation</span>: Mexican domestic air carrier Interjet announced plans to invest over US$90 million over the coming two years.  The resources are earmarked for tripling the capacity of the airline’s maintenance center and acquiring a substantial number of new aircraft.  Interjet reportedly will become the first Latin American airline to use Sukhoi jets, of Ruso-European manufacture, on its scheduled routes.</li>
<li><span style="text-decoration: underline;">Automotive</span>: U.S. automaker General Motors will invest US$300 million to upgrade and adapt its manufacturing plant in the northeastern state of San Luís Potosí.  Expansion of the plant is intended to accommodate production of a new compact model not currently being built in Mexico.</li>
<li><span style="text-decoration: underline;">Manufacturing</span>: U.S.-based furniture manufacturer Furniture Brands is investing US$20 million to outfit an existing maquiladora plant in the southeastern state of Yucatan to produce cut-and-sew kits for its U.S. upholstery operations.  The facility is expected to initiate production in mid-2011.<span id="more-291"></span></li>
<li><span style="text-decoration: underline;">Transport</span>: Mexican rail freight operator Ferrosur will invest US$21.1 million to acquire nine locomotives for its fleet of rolling stock.  The new fuel-efficient engines, made by general Electric, will help the freight carrier meet high transport demand from state-owned petroleum producer Pemex.</li>
<li><span style="text-decoration: underline;">Energy</span>: Mexico’s Federal Electricity Commission (CFE) will invest some US$220 million this year in projects to support electricity generation and transmission in the northwestern Baja California region.  The Energy Ministry is projecting 25% growth in electricity consumption in the area by 2025.</li>
<li><span style="text-decoration: underline;">Automotive</span>: Japanese automaker Nissan announced combined investment of US$900 million from 2010 through 2012 in its Mexican manufacturing operations.  The resources will support manufacture of three new vehicle models at the company’s plants in the states of Aguascalientes and Morelos.</li>
<li><span style="text-decoration: underline;">Retail</span>: Retailers belonging to the National Retailers Association (ANTAD) will invest US$3.6 billion in 2011, according to ANTAD.  The bulk of the resources will be channeled into new store openings, remodeling and upgraded technology.</li>
<li><span style="text-decoration: underline;">Airports</span>: Mexican airport operator Grupo Aeroportuario del Pacifico (GAP) plans to invest some US$83 million this year in maintenance and expansion of its airports.  The group’s 12 locations include the airports of Guadalajara, Puerto Vallarta and Tijuana.</li>
<li><span style="text-decoration: underline;">Automotive</span>: Canadian auto parts manufacturer Magna International announced plans to construct a new production plant in the northeastern Mexican state of San Luís Potosí.  The US$100 million facility, intended to supply parts to OEM vehicle manufacturers in central and northern Mexico, is projected to open in June 2012.</li>
<li><span style="text-decoration: underline;">Energy</span>: Construction is set to begin on the Mexican Renewable Energy Center (Cemer) in the central state of Guanajuato.  The new specialized research center will require a projected US$29 million for construction as well as laboratory and office equipment and vehicles.</li>
<li><span style="text-decoration: underline;">Manufacturing</span>: Dubai-based steel pipe manufacturer Tenaris will invest US$30 million this year to open a plant in Mexico to produce rods for pumping purposes.  Mexican subsidiary TenarisTamsa recently initiated the first stage of manufacturing operations at a new US$1.6 seamless pipe manufacturing complex in  the eastern state of Veracruz.</li>
<li><span style="text-decoration: underline;">Healthcare</span>: Mexican Hospital Operator Grupo Christus Muguerza plans to invest at least US$10 million in new projects in the northeastern state of Nuevo Leon this year.  Resources are earmarked for hospital renovations and a new mobile surgery unit, among other uses.</li>
<li><span style="text-decoration: underline;">Beverage</span>: Bevidisa, a subsidiary of Mexican soft drink producer Pascual Boing, began construction of a new manufacturing plant in the northeastern state of Nuevo León.  US$7.5 million facility will produce soft drinks and flavored popsicles for the U.S. market.</li>
</ul>
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