Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Infrastructure: Mexican President Enrique Peña Nieto presented the National Infrastructure Program for his six-year administration this month.  The plan calls for approximately US$587 billion in earmarked spending, with major financing coming for gas pipeline construction, fiber optic network expansion and high-speed passenger train lines, among other projects. (El Financiero, April 29, 2014)
  • Wind power: Mexican mining firm Peñoles and Spanish renewable energy developer EDP Renováveis announced they will jointly construct a wind power generation park in the northern state of Coahuila.  The facility is projected to have installed capacity of 180 MW and will provide power for Peñoles’ internal needs.  The amount of investment was not specified. (El Financiero, April 28, 2014)
  • Packaging: Swedish-Swiss packaging manufacturer Tetra Pak plans expansion of its production plant in the central state of Querétaro at a cost of approximately US$100 million.  Upgrades will focus on boosting lamination capacity in the face of annual growth of over 4% in the company’s Mexico market. (El Economista, April 20, 2014)
  • Retail: Mexican appliance and general merchandise retailer Coppel is estimating its 2014 investment at approximately US$175 million to expand its footprint.  The chain’s plans include opening 110 new retail locations. (El Financiero, April 11, 2014)
  • Automotive: Mexican industrial park developer Vesta acquired land in the central state of Tlaxcala to build a new manufacturing park for the automotive industry.  The US$22 million complex is intended to serve suppliers to a new OEM plant for German auto maker Audi projected to start production in 2016 in the nearby state of Puebla. (Vesta, April 9, 2014)
  • Poultry: U.S. poultry processor Tyson expects investment in Mexico operations to reach approximately US$30 million this year, the company reported.  Resources will support expansion and upgrades at the company’s three processing plants and seven distribution centers in the country. (Reforma, April 9, 2014)
  • Automotive: Japanese automotive OEM Nissan and Mexican industrial park developer Vesta inaugurated a new manufacturing complex for Nissan suppliers in the western State of Aguascalientes.  The Douki Seisan Park, built at a cost of approximately US$60 million, is intended to be expanded in future stages. (Rumbo de México, April 4, 2014)
  • Healthcare: Mexican gas station operator Grupo Energético del Sureste (GES) plans investment of approximately US$150 million to enter the healthcare market in southeastern Mexico.  The company plans to establish eight hospitals in the region under the brand TuHospital. (El Financiero, April 2, 2014)
  • Automotive: Japanese auto parts maker Jtekt Corporation plans to establish a new manufacturing plant in the northeastern state of San Luis Potosí.  The US$90 million facility will produce steering system and drive-line components for regional automotive OEMs. (El Financiero, April 2, 2014)
  • Retail: Mexican grocery and general merchandise retailer Soriana announced plans to invest approximately US$310 million to open 25 new stores.  Plans also include a new distribution center for perishable and frozen groceries in northern Mexico. (El Financiero, April 3, 2014)
  • Metals: Mexican and Italian officials inaugurated a new Center for Aluminum Smelting Technology, under the auspices of the Italy-Mexico Innovation Center for High Technology Manufacturing in Hidalgo.  The center, the cost of which was not specified, provides a forum for Italian specialists to provide training in advanced techniques to skilled foundry workers in the central industrial state of Hidalgo. (El Financiero, April 2, 2014)
  • Poultry: Pilgrim’s Pride, subsidiary of Brazil-based JBS, plans to build a new poultry processing plant in the eastern state of Veracruz.  The US$150 million site will include a hatchery and feed mill, with a breeder supply facility to be added later. (NAFTA Works, March 2014)
  • Electronics: U.S. chip maker Intel inaugurated a new Design Center in the western state of Jalisco at a cost of approximately US$227 million, the company reported.  The center will conduct research for new generations of consumer electronics components. (El Financiero, March 31, 2014)
  • Automotive: U.S. industrial group Johnson Controls inaugurated the Querétaro Foam Complex in the central state of Querétaro, via investment of US$24 million.  The facility will produce polyurethane for car seats for the Honda auto plant in nearby Celaya, Guanajuato. (NAFTA Works, March 2014)
  • Biotechnology: U.S. seed developer DuPont Pioneer inaugurated a seed research center in the southern state of Chiapas.  The US$3 million laboratory will work on developing seeds for tropical hybrid corn, among other projects. (NAFTA Works, March 2014)
  • Aerospace: French aerospace components manufacturer Latecoere opened a new production plant in the northwestern state of Sonora.  The facility produces on-board wiring systems for Airbus and passenger doors for the Boeing 787 Dreamliner. The amount of investment was not specified.  (Prodensa, march 27, 2014)
  • Mining: Canadian mining firm Great Panther Silver plans investment of approximately US$13 million this year in Mexico operations.  Resources will target boosting production of gold and silver at the company’s mines in the north-central states of Durango and Guanajuato. (Reforma, March 31, 2014)

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