Recent and upcoming investment in Mexico

  • Electric vehicles: Evergo, subsidiary of U.S.-headquartered energy services multinational InterEnergy, announced plans to establish a network of electric vehicle charging stations in Mexico.  The US$200 million program, recently begun in Mexico City, is expected to include 4,000 chargers over the coming five years. (Forbes México, January 25, 2023)
  • Marine: Canadian recreational vehicle manufacturer BRP will establish a new production location in the northern state of Chihuahua, the company reported.  The US$165 million plant is expected to produce BRP’s Manitou Pontoon and Alumacraft model boats. (Design Development Today, January 20, 2023)
  • RFID: U.S. packaging and labels multinational Avery Dennison reported plans to construct a new production plant in the central state of Querétaro.  The US$100 million LEED-certified facility is expected to manufacture components for RFID identification systems. (Lider Empresarial, January 19, 2023)
  • Automotive: Chinese automotive component maker Yanfeng inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the state government reported.  The US$23 million facility – the company’s second in the state – is expected to produce seating for vehicle OEMs such as General Motors and Tesla. (Yahoo Finance, January 23, 2023)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) is projecting investment of approximately US$510 million across its 12 terminals in 2023, the company reported.  Projects include improvements to commercial spaces, parking facilities and hotel and office infrastructure as part of a planned expansion of the Guadalajara airport. (Forbes México, January 17, 2023)
  • Manufacturing: French consumer goods manufacturer BIC announced plans to establish a new production plant in the northern state of Coahuila.  The US$70 million facility is expected to produce the company’s five-blade disposable razor for export to the U.S. market. (El Economista, January 18, 2023)
  • Automotive: Germany-based energy and data management solution provider LEONI expanded its manufacturing plant in the northern state of Chihuahua.  The amount of investment was not specified for the new infrastructure, which will allow the site to increase production of high-voltage and charging cables for hybrid and electric automobiles. (El Heraldo de Chihuahua, January 20, 2023)
  • Manufacturing: Canadian materials handling equipment maker Skyjack inaugurated a new manufacturing plant in the northern state of Coahuila, the company reported.  The US$80 million site is expected to produce industrial elevated access machinery such as telehandlers and booms. (Rental Equipment Register, January 19, 2023)
  • Automotive: U.S.-owned automotive components maker Dana Cardanes inaugurated a new manufacturing plant in the central state of Querétaro.  The US$20 million addition to existing facilities is expected to produce driveshafts for vehicle OEM Toyota. (Lider Empresarial, January 18, 2023)
  • Automotive: German auto maker BMW plans to invest approximately US$870 million to establish a new manufacturing plant in the central state of San Luís Potosí, Mexican President Andrés Manuel López Obrador announced.  The site is expected to produce fully electric vehicles.  (Forbes México, January 12, 2023)
  • Confectionery: Netherlands-based confectionery multinational Perfetti Van Melle announced plans to expand its productive infrastructure in the central State of Mexico.  The anticipated US$43.5 million upgrade will allow the company to increase output of its candy and breath mint products across brands such as Mentos, Chupa Chups and Smint. (Mexico Industry, January 10, 2023)
  • Industrial automation: Chinese automation technology specialists Noah Itech initiated construction of a new manufacturing plant in the northeastern state of Nuevo León, the state government reported.  The US$100 million facility is planned to produce advanced automation equipment for the computer, communication and consumer electronics (3C) manufacturing industries in the region. (Reforma, January 6, 2023)
  • Proptech: Colombia-based proptech platform Tuhabi reported plans to invest approximately US$12 million to purchase homes in the western city of Guadalajara, Jalisco state, over the coming months.  The company is considered the first Latin American unicorn in the proptech sector. (Reforma, January 5, 2023)
  • Ports: Contecon, subsidiary of Philippines-based port management company ICTSI Group, reported plans to invest US$230 million to expand its container handling terminal at the Pacific coast port of Manzanillo.  Resources will support construction of new docks and acquisition of 13 RTG cranes and two Super Post-Panamax cranes. (Reforma, January 3, 2023)

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