Pharmaceutical: French pharmaceutical multinational Sanofi plans investment of approximately US$17.5 million in Mexico research and development during the current year, local media reported. Resources are expected to support clinical studies and therapy development related to diabetes and heart disease, among other applications. (Reforma, February 28, 2023)
Retail: Mexican diversified corporate group Fomento Económico Mexicano (FEMSA) is projecting investment of approximately US$1.5 billion throughout Latin America during the current year, the company reported. Plans for Mexico include opening between 800 and 1,000 new locations of its Oxxo convenience store. (Reforma, February 24, 2023)
Information Technology: Mexican information technology infrastructure provider KIO Networks announced plans to construct a new data center in the central state of Querétaro. The US$400 million facility will serve as a 270,000 sq. ft. extension to an existing center at the site. (Mexico Industry, February 24, 2023)
Automotive: German auto parts maker ZF Group plans to invest US$255 million to upgrade its infrastructure in the central state of Querétaro, the state government reported. Projects include a new distribution center and expansion of an existing manufacturing plant to produce power steering components and integrated brake controls. (Mexico Industry, February 23, 2023)
Commercial real estate: Mexican real estate developer Wolstrat reported plans to build a large-scale mixed-use complex in the central state of Querétaro via investment of US$25 million in the initial phase. The site is expected to include four residential apartment towers and and an upscale shopping center. (Reforma, February 20, 2023)
Retail: Mexican grocery and general merchandise retailer Grupo Chedraui plans to open 60 new stores in Mexico and four in the United States during the current year, the Mexican Real Estate Developers Association (ADI) reported. Investment was not specified for the program, of which 50 Mexican locations are expected to be under the chain’s small-footprint Supercito format, and three of the U.S. stores will be under the Smart & Final brand. (Retailers.mx, February 16, 2023)
Leisure: U.S.-based soccer training center operator TOCA Football plans to establish entertainment centers in Mexico in partnership with Mexican theme park operator Ventura Entertainment, local media reported. The US$100 million venture is expected to include seven soccer-themed entertainment centers by 2026. (Reforma, February 15, 2023)
Industrial parks: Mexican commercial real estate developer Fondo Inmobiliario Meor has completed construction of a new industrial park in the northeastern state of Nuevo León, local media reported. The US$15 million site plans to host new arrivals from the automotive, logistics and manufacturing industries attracted by the current nearshoring trend. (Reforma, February 15, 2023)
Food & beverage: Mexican beverage bottler and savory snack maker Arca Continental reported investment plans totaling at least US$623 million for the current year. The company expects to invest heavily in digital technology for operational applications. (Reforma, February 14, 2023)
Shopping malls: U.S.-Mexican development group MRP will build a new shopping center in the central state of Aguascalientes, the Mexican Association of Real Estate Developers (ADI) reported. The US$15 million complex is planned to be anchored by a leading department store and include movie theaters. (Retailers.mx, February 9, 2023)
Industrial parks: Mexican commercial real estate developer American Industries plans investment of approximately US$150 million to expand its industrial space in the northern states of Chihuahua and Nuevo León this year, local media reported. The company is seeking to take advantage of the nearshoring trend as multinationals move operations to Mexico to serve the U.S. and Latin American markets. (El Heraldo de Chihuahua, February 6, 2023)
Recreation: Mexican real estate developer Thor Urbana has begun construction on a theme park in Mexico City based on the country’s history and culture, the Mexican Association of Real Estate Developers (ADI) reported. The US$182 million complex is expected to include museums, a venue for cultural events, a children’s games area, a ferris wheel and other mechanical rides. (Retailers.mx, February 9, 2023)
Solar power: Chinese-Mexican photovoltaic panel maker Solarever inaugurated its tenth Mexico distribution center in the northwestern border city of Tijuana, the company reported. The site is expected to provide Tier 1 photovoltaic (PV) technology to industrial clients in the Tijuana-Mexicali-Ensenada region. (Energía a Debate, February 9, 2023)
Personal care: British consumer goods multinational Unilever announced plans to construct a new manufacturing plant in the northeastern state of Nuevo León. The US$400 million factory is expected to produce cosmetics and skin care products among other personal care items. (Reforma, February 8, 2023)
Food processing: Mexican multinational food processing giant Grupo Bimbo announced a US$50 million expansion planned for its manufacturing plant in Mexico City. The upgrade will include a new production line to increase output of the company’s signature baked goods. (Reforma, February 6, 2023)
Logistics: Mexican laboratory equipment and materials distributor El Crisol inaugurated a new distribution center in the central state of Querétaro, the company reported. The US$16 million facility is equipped to handle refrigerated, frozen and ultra-frozen materials. (Noticias de Querétaro, January 30, 2023)
Solar power: Mexico’s national electricity utility the Federal Electricity Commission (CFE) plans to inaugurate the first phase of a large-scale solar electricity generation site in the northwestern state of Sonora in April 2023, federal authorities reported. The full project is projected to cost approximately US$1.6 billion and achieve 1,000 MW of generation capacity. (Directorio Industria Energética Mexicana, February 3, 2023)
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)
Fitness: The Mexican franchise operator of U.S.-based gym chain Anytime Fitness reported plans to establish 26 new Mexico locations in 2023 via investment of approximately US$9 million. The company currently operates 71 locations in 26 Mexican states. (Reforma, December 22, 2022)
Electricity: U.S. renewable energy developer Eurus Energy America inaugurated a new wind-powered electricity generation park in the northwestern state of Baja California, the company reported. The 50 MW site includes a 10 MW battery system and will sell power directly to Mexico’s wholesale energy market. (Reforma, December 21, 2022)
HVAC: U.S. heating, ventilation and refrigeration products manufacturer Lennox announced plans to invest US$150 million in productive infrastructure in the northern state of Coahuila. Resources will support additional production lines to increase output of climate control components for various industries. (Mexico Industry, December 16, 2022)
Automotive: Italian automotive components maker Brembo announced plans to double the size of its manufacturing plant in the northeastern state of Nuevo León in the coming year. The amount of investment was not specified for the project, which will significantly boost production of the company’s advanced braking systems for OEMs such as Ferrari and Tesla. (Reforma, December 15, 2022)
Plastics: Spanish plastics and pigments maker Delta Tecnic will undertake a US$1 million upgrade to its production plant in the central state of Querétaro, the company reported. The investment will support installation of photovoltaic panels to power production of color masterbatches and raw materials for plastics for industries including automotive, telecommunications and furniture manufacturing. (Mexico Industry, December 14, 2022)
Electrical components: German electrical components maker Kostal announced it will construct a new manufacturing plant in the central state of Querétaro. Investment was not specified for the planned 441,000 sq. ft. site, which is expected to produce power electronic components for the electric vehicle market. (Kostal Group, December 14, 2022)
Automotive: German auto maker BMW reported investment of approximately US$40 million to expand its plant in the central state of San Luís Potosí. The upgrade will allow the facility to boost output of the brand’s M2 sports car. (El Economista, December 14, 2022)
Medical devices: U.S. medical equipment manufacturer Becton Dickinson inaugurated a new manufacturing plant in the northwestern border city of Tijuana, the company reported. The US$38.6 million facility is expected to produce medication safety devices. (NS Medical Devices, December 5, 2022)
Manufacturing: Chinese electric tool maker Ningbo Daye initiated construction of a new manufacturing plant in the northeastern state of Nuevo León, the company reported. The US$120 million facility is expected to produce intelligent power tools for gardening and landscaping. (Inmobiliare, November 29, 2022)
Automotive: Irish industrial components maker Mergon inaugurated a US$15 million manufacturing plant in the northern state of Coahuila, the company reported. Expansion is already planned for the site which is expected to produce automotive air management systems. (Milenio, December 1, 2022)
Real estate: Mexican resort developer Grupo Pueblo Bonito announced plans to construct a residential and lodging complex in the tourism city of San Miguel de Allende, in the central state of Guanajuato. The US$73 million site is expected to include a 111-room hotel as well as luxury apartments and homes. (Reforma, December 1, 2022)
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