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 »
