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 of airplane turbines and power generation systems.
- Retail: 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.
- Electronics: 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.
- Manufacturing: 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.
- Transport: 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.
- Retail: 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.
- Food processing: 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. Read the rest of this entry »
