- 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 of Morelos, near Mexico City. The US$84 million facility will produce personal care products for the brands Axe, Dove and Rexona.
- Tourism: 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.
- Wind power: 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.
- Metals: 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.
- Food processing: 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. Read the rest of this entry »
Posts Tagged Tourism
- Aerospace: Mexican aerospace manufacturer Hydra Technologies closed the first sale of its Ehecatl unmanned aircraft to a foreign customer at the Paris Air Show this month. Hydra’s export order by a Canadian buyer, the value of which was not revealed, includes six aircraft, supporting equipment and services. The contract represents the first export order of completed aircraft designed and built by a Mexican company, a major step forward for the country’s burgeoning aerospace industry.
- Automotive: Japanese automaker Mazda at long last confirmed rumors that it will build a major new production facility in the central Mexican city of Salamanca, Guanajuato State. The US$500 million facility, planned to produce next-generation engines and automobiles, is scheduled to open in 2013.
- Trade: Chinese trade promotion agency Chinamex announced plans to build a Dragon Mart shopping center in Cancun, Mexico, via initial investment of US$150 million. The complex, which will offer exhibition space, importation facilities, retail and wholesale outlets and restaurants, is intended to promote exports by small and medium sized Chinese companies.
- Logistics: Mexican courier and logistics company Redpack inaugurated a new Operations Center in the western city of Guadalajara, Jalisco. The US$6 million facility provides freight yards, warehousing, loading docks and office space to facilitate the company’s freight management for the western region.
- Automotive: Platinum Tool Technologies, a Canadian manufacturer of molds for the automotive industry, formally inaugurated its plant in the northern state of Coahuila following US$1.75 million in investment. The facility provides high quality repairs, maintenance and engineering changes for molds and tooling.
- Health care: A consortium of public and private institutions in Monterrey, Nuevo León, is projecting investment of US$400 million over the coming years to develop a health care cluster to be called “Monterrey City of Health”. The project involves hospitals, laboratories, universities and research centers, and is intended to attract patients and health professionals from elsewhere in Mexico and around the world for advanced care and professional opportunities. Read the rest of this entry »
Not long ago, we received a kind invitation from Ogilvy Public Relations (OPR) in New York to contribute to the Mexico Today branding program underwritten by Mexico’s Secretaría de Turismo. The program is aimed at utilizing social media platforms to spread the word that despite the nasty headlines currently in vogue, Mexico is actually still a really great place to visit.
We were happy to accept OPR’s kind invitation, for two main reasons. First, we will get paid for our contributions of content to the program’s platforms, which is more than we can say for some other invitations we have received in response to our blog. And second, it’s a welcome opportunity to write about how great Mexico is. Because you know what? It is great! OK, we’ve got some ish, which we discuss elsewhere in detail in this forum (for example, here and here). But Mexico is an enormous country, most of which is as delightful and fascinating to get to know as it always has been. Any gushing we do on Mexico Today’s pages about how swell Mexico is will be nothing we wouldn’t tell our foreign friends over drinks anyway, although we’ll leave out some of the particularly colorful adjectives to make it, you know, easier reading.
So the program launches later this week and hopefully it will become a worldwide viral sensation, bigger even than Vancouver Riot Kiss or Keyboard Cat. You can be ahead of the curve by visiting http://www.facebook.com/MexicoToday right now.
Reports on some recent and upcoming investment collected from the local business media:
- Real Estate: Mexican real estate developer Marhnos announced plans to build up to five office towers in Mexico City over the next five years. The company is projecting investment of approximately US$1.5 billion in the projects, which will be carried out in alliance with New York-based developers Turner International.
- Apparel: Sports apparel and footwear maker Grupo Charly is manufacturing in Mexico again after an absence of six years. The Mexican company offshored the last of its domestic production to Asia in 2004, but began to move some manufacturing back home last year to improve delivery times. They project ramping up Mexico production to 600,000 pairs of sports shoes over the next three years.
- Automotive: Nissan Mexicana has reported plans to invest US$600 million at its plant in Aguascalientes, Mexico, to manufacture a new model car. The auto maker plans to build 50,000 units annually of the new model, which will include 75% components from domestic suppliers.
- IT: Mexico’s top telco Telmex announced it will significantly expand its Triara Data Center over the coming two years. The US$100 million facility provides integrated hosting services, data storage, backup and connectivity solutions to domestic and international corporate clients as well as government agencies.
- Automotive: U.S. truck maker Navistar announced its Mexican subsidiary Navistar Mexico will increase production by 50% by the end of the current year. The company’s US$250 million facility in Escobedo, Nuevo Leon is the largest truck and bus chassis manufacturing plant in Latin America. Read the rest of this entry »
