Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Biogas: Mexican waste management firm Promotora Ambiental (PASA) inaugurated a biogas-powered electricity generation plant in the central state of Guanajuato, the state government reported. The site will draw on biomass from the municipal waste disposal site of the state capital of León. (El Heraldo de Léon, October 25, 2019)
  • Coffee: Swiss processed foods giant Nestlé announced it will expand its new coffee processing plant currently under construction in the eastern Gulf state of Veracruz, via additional investment of approximately US$46 million. The company plans to acquire more equipment than originally projected for the processing of up to 20,000 tons of green coffee beans per year. (Reforma, October 23, 2019)
  • Tourism: Mexican adventure park operator Grupo Xcaret reported plans to invest approximately US$400 million through 2027 in the country’s southeastern coastal tourism region. Projects include sustainably constructed hotels and a new ecologically themed amusement park. (El Financiero, October 21, 2019)
  • Food processing: Processed foods producer Qualtia Lacteos, subsidiary of Mexican diversified industrial conglomerate Grupo Xignux, will establish a new cheese factory in the central state of Querétaro at an approximate cost of US$15 million, the company reported. The 30,000 square foot plant is projected to enter into operation in 2020. (Reforma, October 17, 2019)
  • Cement: Swiss building materials multinational Holcim announced it will construct a new production plant in the southeastern state of Yucatan. The US$40 million site is planned to produce 650,000 tons of cement annually. (El Financiero, October 18, 2019)
  • Pharmaceuticals: UK-based pharmaceutical manufacturer AstraZeneca will invest approximately US$104 million in operations at its Global Technology Center in the western state of Jalisco, the company reported. Areas slated for expansion include scientific research, IT operations and cyber security.  (El Financiero, October 16, 2019)
  • Medical devices: Turkish medical device manufacturer S&Mohr inaugurated a US$1 million production facility in the central State of Mexico, the state government announced. The plant is expected to produce anesthesia and ventilation circuits for surgical procedures. (El Sol de Toluca, October 16, 2019)
  • Food processing: U.S.-based food and beverage multinational Pepsico announced investment of US$8 million to expand its Agricultural Development Center in the central State of Mexico. The expansion includes six greenhouses for potato production, five incubation chambers and 14 refrigerated warehouses.  (Reforma, October 9, 2019)
  • Electronics: Autosistemas de Torreón, subsidiary of Japanese diversified corporate group Sumitomo, inaugurated its fourth production plant in the northern state of Durango, the state government reported. The US$36 million facility is planned to produce wiring harnesses for the regional automotive industry. (Reforma, October 8, 2019)
  • Animal feed: Neovia, the French animal feed manufacturer owned by multinational commodities trader Archer Daniels Midland (ADM), reported plans to invest approximately US$11 million to expand and upgrade its eight plants in Mexico. Neovia produces pet food at two sites and livestock feed at its remaining six locations in the country. (Reforma, October 7, 2019)
  • Hotels: S. hotel operators Wyndham Hotels and Resorts reported US$300 million in Mexico investment plans through 2022. The company projects it will open 10 – 15 new hotels in Mexico next year, targeting the tourism market in areas including the Riviera Maya, Puebla, Coahuila and Mexico City. (El Financiero, October 3, 2019)
  • Automotive: Japanese auto maker Nissan reported investment of US$278 million at its plant in the central state of Aguascalientes in preparation for production of the new generation of its Versa passenger car model. A substantial portion of the investment supported upgrades and adaptation of machinery and equipment. (El Financiero, October 2, 2019)
  • Fuel storage: SSA Mexico, the Mexican subsidiary of U.S.-based port operator SSA Marine, in association with U.S. energy infrastructure developer Monterra Energy, will construct a fuel storage terminal at the Gulf of Mexico port of Tuxpan, the companies reported. The facility will be used to unload and store maritime shipments of gasoline and diesel from the United States. (Reforma, October 2, 2019)
  • Logistics: Mexican commercial real estate developer MEOR plans to build a new logistics park in the northeastern state of Monterrey, the company reported. The US$18 million site will begin operations providing logistics services to Korean auto maker KIA, which currently operates a production plant near the new development.  (El Financiero, October 1, 2019)
  • Brewing: Netherlands-based beer brewer Heineken reported investment of approximately US$7.2 million in its plant in the northern state of Chihuahua. Resources will principally support the startup of production of alcohol-free beer for the Mexican market.  (El Financiero, October 1, 2019)

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