Follow

Information collected from media reports over the last month:

• Petroleum: Netherlands-based oil company Royal Dutch Shell is projecting investment of approximately US$800 million in Mexico oil exploration operations, the company reported. Separately, Spanish oil company Repsol reported plans to invest US$330 million in deep-water exploration off Mexico’s Gulf coast. (Reforma, June 17 and 19, 2019)
• Banks: Spanish bank BBVA plans investment of approximately US$3.3 billion through 2024 in Mexico banking operations, the company reported. Resources will support replacement of automatic teller machines (ATMs), renovation of branches and efforts to extend services to unbanked or underbanked sectors. (El Sol de México, June 11, 2019)
• Optical equipment: German precision device manufacturer Carl Zeiss announced a US$41 million expansion of its plant in the northwestern border city of Tijuana. The upgrade will add two production lines in support of the company’s PhotoFusion vision products operations. (Siglo21 Periódico Industrial, June 18, 2019)
• Coatings: Mexican steel maker Altos Hornos de México (AHMSA) and Korean machinery manufacturer Paco Engineering announced an alliance to establish a coatings plant in the northern state of Coahuila. The US$20 million facility is expected to provide painting of galvanized steel sheeting for construction and appliance manufacturing applications. (Reforma, June 11, 2019)
• Solar power: Chilean green power developer Atlas Renewable Energy inaugurated its first project in Mexico, the Guajiro solar park in the central state of Hidalgo. The US$100 million site, which is planned to have installed capacity of 129 MW, will supply electricity to Mexico’s Federal Electricity Commission. (Reforma, June 11, 2019)
• Aerospace: Spanish aerospace engine and component manufacturer ITP Aero carried out a US$1.8 million expansion of its production plant in the central state of Querétaro, the company reported. The site will produce engine pipe and end-fitting externals for clients such as General Electric and Rolls Royce. (El Universal, June 12, 2019)
• Gas stations: Mexican fuel distribution company Enermex plans to establish 1,500 gas stations in Mexico over the next five years, via investment of approximately US$475 million. The stations will be mobile units that can be moved to rural locations or underserved areas, the company reported. (El Financiero, June 10, 2019)
• Automotive: French auto parts and components manufacturer Faurecia reported it will construct a new corporate center in the eastern state of Puebla. The US$21 million complex will oversee the company’s six manufacturing plants, two research and development centers and one shared services center in the country. (El Financiero, June 7, 2019)
• Automotive: German auto maker BMW inaugurated a new assembly plant in the northeastern state of San Luís Potosí, the company reported. The US$1 billion facility is expected to produce the BMW Series 3 automobiles, principally for export to the United States. (El Financiero, June 7, 2019)
• Commercial real estate: Mexican developer Fibra Uno inaugurated its latest fashion mall shopping center, Alaïa Guanajuato, in the central state of Guanajuato. The US$52 million development offers 1.3 million square feet of retail construction. (El Financiero, June 7, 2019)
• E-commerce: Brazil-based e-commerce portal MercadoLibre plans investment of approximately US$300 million to expand operations in the Mexico market, the company reported. The company is launching financial services such as credit and personal mutual funds available to its platform users. (Reforma, June 5, 2019)