Recent and upcoming investment in Mexico

  • Automotive: Mexican security technology company Wtech announced plans to build an automotive manufacturing plant in the western state of Jalisco. The US$180 million factory is intended to produce electric passenger transport vehicles for Korean automotive OEM KIA, in addition to tactical military vehicles. (Reforma, May 26, 2022)
  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) initiated a US$32 million expansion of its airport at the northwestern city of Culiacán, the company reported. The upgrade is planned to double the site’s operating capacity by adding new check-in counters, self-check-in kiosks, additional seating in waiting areas, four new boarding gates and an expanded passenger services area. (Reforma, May 25, 2022)
  • Industrial parks: Mexican commercial real estate developer Meor reported plans to invest approximately US$190 million through the end of next year. Projects include approximately 120 hectares (300 acres) in new industrial park infrastructure. (Reforma, May 19, 2022)
  • Funeral homes: Spanish funeral services provider Grupo Funerario Castell entered the Mexican market, investing US$2.5 million to open its first location in the country. Castell plans to expand to three locations in the greater Mexico City area by the end of this year, the company reported. (Reforma, May 16, 20222)
  • Retail: S. home goods retailer Bed, Bath & Beyond opened a new store in the central state of Querétaro at a cost of approximately US$3 million, the company reported. The chain currently operates 12 stores in Mexico and plans to add 30 to 40 new sales locations in the country over the next seven years. (Reforma, May 5, 2022)

  • Automotive: Japanese automotive OEM Nissan announced planned investment of US$700 million at its manufacturing complex in the central state of Aguascalientes. The program will focus on upgrades to automation technology and employee training at the site. (Reforma, May 5, 2022)
  • Automotive: French auto parts and components manufacturer Faurecia announced combined investment of US$147 million to set up twin factories in the northeastern state of Nuevo León. The new facility will be shared by a plant dedicated to automotive interior design and a plant to produce vehicle seats. (El Economista, May 18, 2022)
  • Mining: Canadian mining company Torex Gold Resources reported plans to invest US$848 million in operations in the southwest state of Guerrero. The large-scale infrastructure project is intended to link various underground sites, incorporating tunnels, conveyor systems, wells, ventilation and pumping systems, flotation circuits and backfill paste plants. (El Financiero, May 4, 2022)
  • Steel: Mexican steel products maker Deacero inaugurated a new distribution “macrohub” center in the central state of Guanajuato. The US$16 million site will make use of advanced technologies to ship steel and wire products throughout Mexico and to the United States and Latin America. (Reforma, May 4, 2022)
  • Automotive: Tunisian automotive components maker COFAT will establish a new manufacturing plant in the northern state of Durango, the state government reported. The US$5 million facility is expected to produce wire harnesses for vehicles. (Cluster Industrial, April 5, 2022)
  • Entertainment: American toys and entertainment multinational Hasbro plans to establish its first family entertainment center in Mexico this year, the company reported. The US$70 million amusement park is expected to include interactive exhibits, virtual reality, skills challenges, rides and a Hasbro products store. (Reforma, May 2, 2022)
  • Automotive: Korean-owned automotive electronics maker Harman will invest US$4 million to expand operations at its plant in the central state of Querétaro, the company reported. The program includes installation of optical bonding technology to produce displays for vehicle interiors. (Somos Industria, May 2022)
  • Mining: Luxembourg-based steel multinational ArcelorMittal plans investment of US$150 million to support iron ore mining in the western state of Michoacán, the state government announced. The company currently operates a steel sheeting plant in the state. (Cluster Industrial, May 5, 2022)
  • Automotive: Canadian automotive components maker ABC Technologies announced plans to expand its manufacturing plant in the northern state of Coahuila. The US$40 million upgrade will include additional plastic injection machinery to help supply the site’s lines of ultrasonic welding and console assembly. (Somos Industria, April 2022)
  • Manufacturing: York, a subsidiary of Ireland-based HVAC solutions provider Johnson Controls, inaugurated a new plant in the northeastern state of Nuevo León, the company reported. The amount of investment was not specified for the site, which will produce residential air conditioning units for the North American market using advanced automation technology. (Johnson Controls, April 29, 2022)
  • Tires: French tire maker Michelin announced it will carry out a major expansion of its manufacturing plant in the central state of Guanajuato. The US$400 million expansion will allow the facility to significantly increase production of automobile and truck tires. (Somos Industria, April 2022)
  • Tourism: Singapore-based hotel operator Banyan Tree announced plans to build a new luxury resort in the eco-tourism location of Bacalar in the southeastern state of Quintana Roo. The US$28 million complex is planned to feature 35 villas, five residences, a pool and four waterfront restaurants. (Travel + Leisure, May 2, 2022)

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