Recent and upcoming investment in Mexico

  • Steel: Mexican steel products maker Deacero reported plans to invest approximately US$600 million to expand operations through 2024. Resources will support acquisition of new machinery and equipment, improved sustainability practices and increased production capacity to serve increasing demand from “nearshoring” manufacturing operations in Mexico. (Reforma, September 26, 2022)
  • Electrical: U.S. electrical products developer Panduit inaugurated a new manufacturing plant in the northeastern state of Nuevo León. The amount of investment was not specified for the site, which is expected to produce make-to-order (MTO) electrical and network infrastructure components for regional industries. (Government of Nuevo León, September 28, 2022)
  • Metal machining: Japanese-owned industrial components maker Sumitomo Drive Technologies inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported. The US$12 million facility includes machining centers to produce metal components for power transmission equipment. (Mexico Industry, September 9, 2022)
  • Batteries: Chinese-Mexican photovoltaic panel maker Solarever announced projected investment of US$1 billion to establish a new manufacturing plant in the western state of Jalisco. The new facility is planned to produce batteries for electric vehicles. (El Economista, September 12, 2022)
  • Food processing: U.S. confectionery and baked goods producer Hershey reported plans to expand manufacturing operations at its plant in the northeastern state of Nuevo León. The US$90 million upgrade is expected to include two new advanced-technology production lines to boost output of the over 300 Hershey’s products made at the site. (Inmobiliare, September 9, 2022)

  • Steel: German diversified industrial corporate group Thyssenkrupp announced plans to establish a new operations center in the central state of San Luís Potosí. The US$37 million site is intended to supply aluminum and steel materials to the regional automotive industry. (Thyssenkrupp, September 19, 2022)
  • Manufacturing: German multinational engineering and technology company Bosch announced plans to construct a new manufacturing plant in the central state of Querétaro. The US$215 million facility is expected to produce mobile application components and manufacturing automation equipment. (Reforma, September 15, 2022)
  • Leisure: Mexican multinational children’s entertainment center operator KidZania reported it will soon inaugurate its new park format in the Mexico City area. Investment was not specified for the site, which will provide entertainment activities for both parents and children focused on a health and wellness theme. (Reforma, September 13, 2022)
  • Airlines: Mexican airline Viva Aerobus announced a US$700 million investment program for the current year. Plans include the purchase of six new European aircraft as well as operational technology upgrades. (Reforma, September 13, 2022)
  • Automotive: Korean auto maker KIA will invest US$408 million through 2024 to expand its operations in the northeastern state of Nuevo León, the company reported. Resources are expected to support construction of five new industrial buildings and additional production lines. (Reforma, September 23, 2022)
  • Industrial parks: Mexican commercial real estate developer Fondo Inmobiliario Meor reported plans to construct a new industrial park in the northern border city of Tijuana. The US$54 million facility, which comes on the heels of a similar project recently announced for Ciudad Juárez, will target manufacturing and logistics companies seeking to take advantage of “nearshoring” opportunities due to the location’s proximity to the United States. (Reforma, September 9, 2022)
  • Hotels: Mexican adventure park operator Grupo Xcaret is projecting investment of US$2 billion to expand operations in southeastern Mexico, the company reported. Plans include the development of eight new hotels in the luxury and ultra-luxury categories over the next 15 years. (Reforma, September 9, 2022)
  • Manufacturing: U.S. industrial filtration products maker Donaldson Company reported plans to establish a new manufacturing plant in the central state of Guanajuato. The US$75 million facility is expected to produce air filters for heavy equipment in industries such as agriculture, construction, mining, aerospace and automotive. (Conectandonegocios.com, September 6, 2022)
  • Coffee: Mexican casual dining franchise operator Alsea will invest approximately US$225 million to expand the presence of Starbucks coffee shops in Mexico over the next four years, the company reported. Plans include opening 200 new locations and remodeling existing stores. (Reforma, September 6, 2022)
  • Retail: Mexican retail and logistics corporate group ICONN reported plans to invest approximately US$150 million across operations over the next five years. The group’s divisions include convenience and supermarket chains, grocery wholesaling and gasoline filling stations.  (Milenio, September 2, 2022)

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