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- Industrial filtration: Finnish industrial filtration multinational Metso initiated construction of a new manufacturing plant in the central state of Guanajuato, the company reported. The US$30 million facility is expected to produce high-quality polymer filter plates for mining filter presses, particularly for mining operations in the Americas. (International Mining, May 29, 2023)
- Automotive: Korean automotive technology developer Sungwoo Hitech announced plans to establish a US$300 million manufacturing site in the northeastern state of Nuevo León. The facility is expected to produce drones, electric vehicle batteries and potentially hydrogen-powered vehicles. (Modern machine Shop, May 23, 2023)
- Manufacturing: U.S. industrial engineering company Dynatect inaugurated its first Mexico plant in the central state of Guanajuato, the state government reported. The US$4 million site is expected to produce principally roll-up security doors for the automotive industry. (Líder Empresarial, May 23, 2023)
- Industrial parks: Mexican commercial real estate developer Fondo Inmobiliario Meor initiated construction on a new industrial park in the northern border city of Ciudad Juárez, Chihuahua state. The US$60 million first phase of the project is planned to host logistics and manufacturing operations. (Mexico Industry, May 23, 2023)
- Electronics: Taiwanese computer hardware maker Quanta Computer announced a US$55 million upgrade to its plant in the northeastern state of Nuevo León. Resources will support the expansion of the site’s capacity to produce electric vehicle computers for clients including Tesla. (Mexico Industry, May 22, 2023)
- Appliance manufacturing: U.S. home appliance maker Whirlpool launched a major expansion of its manufacturing plant in the northern state of Coahuila, the company reported. The US$161 million upgrade will allow Whirlpool to add production lines for its French-door refrigerator models. (Mexico Industry, May 22, 2023)
- Automation: French automation technology multinational Schneider Electric inaugurated a major expansion of its plant in the central state of Tlaxcala, the company reported. The Tlaxcala expansion is part of an estimated US$72 million in investment the company plans for the current year in Mexico, which will include upgrades to plants in Nuevo León and Mexico City. (Schneider Electric, May 22, 2023)
- Manufacturing: U.S. tanker and trailer manufacturer Liddell Industries initiated construction on its second plant in the northern state of Coahuila, the company reported. The US$3.3 million site is expected to produce trailers and concrete batch plants. (Mexico Industry, May 19, 2023)
- Metal structures: Mexican metal structures maker Metelmex launched construction of a new manufacturing plant in the northern state of Coahuila, the state government reported. The US$5.5 million facility is expected to produce grating and other types of structures in steel, aluminum and fiberglass for regional heavy industry. (El Diario de Coahuila, May 18, 2023)
- Retail: Mexican dollar-store chain Waldo’s reported plans to open 1,000 new locations over the next two years via investment of approximately US$110 million. The company is nearing 800 stores in the country and projects capacity to expand up to 5,000 locations. (Retailers.mx, May 10, 2023)
- Automotive: U.S.-owned seating components maker Fisher Dynamics will carry out a US$80 million expansion of their plant in the northeastern state of Tamaulipas, the state government reported. The upgrade will allow the company to increase output of automobile seat structures and mechanisms for the regional auto industry. (Mexico Now, May 9, 2023)
- Electronics: Japanese electronic components manufacturer Taxan began construction on a new plant in the central state of San Luís Potosí, the company reported. The US$40 million facility is expected to produce circuit boards and other electronic processing components. (Mexico Industry, May 5, 2023)
Category Archives: Investment
Recent and upcoming investment in Mexico
• Graphics: U.S. industrial and commercial printing company Taylor inaugurated a new plant in the northeastern state of Nuevo León, the company reported. The US$50 million site will provide graphics processes such as flexography, silk screening, laser and digital for regional industries, particularly automotive. (Mexico Industry, April 27, 2023)
• Personal care: British consumer goods multinational Reckitt announced plans to invest approximately US$27 million in its production plant in Mexico City. Resources will support upgrades to packing and packaging technology and sanitary systems at the site, which is a leading producer of OTC medicines. (Mexico Industry, April 25, 2023)
• Manufacturing: German industrial belt drive maker Arntz Optibelt is currently constructing a new manufacturing plant in the central state of Querétaro, the state government reported. Total investment was not specified for the site, which is expected to produce belts for mechanical engineering and agricultural machinery applications in its initial phase. (AM Querétaro, April 14, 2023)
• Automotive: U.S.-owned Lear Seating Structures inaugurated a new US$34 million manufacturing plant in the northern state of Coahuila, local media reported. The site is expected to produce electrical harnesses for electric vehicles. (El Economista, April 13, 2023)
• Industrial parks: Mexican industrial real estate developer American Industries initiated construction of a new industrial park in the northern state of Chihuahua, the company reported. The US$142 million site is expected to include 13 industrial buildings on 54.5 HA (135 acres) in its initial phase. (Cluster Industrial, April 19, 2023)
• Lift equipment: U.S. lift equipment maker JLG inaugurated a new warehouse complex in the central state of Guanajuato, the company reported. Investment was not specified for the site, which will house 20 of the company’s product models such as aerial lifts, boom lifts, scissor lifts, telehandlers and low-level access lifts for regional distribution. (Somos Industria, April 2023)
• Automotive: German auto parts maker ZF Group reported plans to construct its 19th Mexican manufacturing plant in the central State of Mexico. The US$41 million complex is expected to produce components for electric passenger vehicles. (Vanguardia, April 11, 2023)
• Manufacturing: German metal cutting products manufacturer WIKUS announced it will construct a new plant in the central state of Querétaro. Investment was not specified for the site, which is expected to produce blades for circular and band saws for industries such as steel, aerospace, automotive and construction, among others. (AM Querétaro, April 19, 2023)
• Refrigeration: Chinese refrigeration components manufacturer Jiaxipera inaugurated a new manufacturing plant in the northern state of Coahuila, the company reported. The US$60 million facility is planned to produce high efficiency refrigeration compressors. (The Logistics World, April 18, 2023)
• Automation: French Industrial engineering firm Fives Group reported plans to establish a new plant in the northern state of Coahuila. The US$10 million site is expected to provide industrial automation systems for the region’s automotive and logistics industries. (Somos Industria, April 2023)
• Automotive: French automotive components manufacturer Walor announced plans to upgrade its plant in the central state of Guanajuato via US$9 million in investment. The improvements are expected to support production of magnet housing units for luxury vehicle suspension systems. (Somos Industria, April 2023)
• Manufacturing: Spanish security systems company Bull Safe will establish a manufacturing plant in the central state of Querétaro, the state government reported. The US$9.5 million facility is expected to produce safes for residential and commercial use as well as professional weapons storage containers. (Líder Empresarial, April 18, 2023)
• Automotive: French automotive technology group Forvia inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the state government reported. The US$147 million site is expected to produce seats and interior components for regional vehicle OEMs. (Mexico Now, April 3, 2023)
• Packing: Mexican diversified industrial conglomerate Grupo Xignux reported plans to construct a US$6 million production plant for its subsidiary Multipack. The facility is expected to produce Multipack’s wooden reels, skids and other components used in heavy duty packing and shipping. (Somos Industria, April 2023)
Recent and upcoming investment in Mexico
- Electric vehicles: U.S. auto maker Tesla announced plans to establish a production plant in the northeastern state of Nuevo León. The facility, the cost of which was not specified, is expected to produce the company’s Model 2 electric automobile, local media reported. (Reforma, March 2, 2023)
- Steel: Canadian steel products maker Nova Steel inaugurated a new processing plant in the northern state of Coahuila, the company reported. The US$37 million facility is planned to produce custom metallic structures for the automotive industry. (Mexico Industry, March 23, 2023)
- Automotive: U.S.-owned plastic components manufacturer NYX Plastics Mexico announced US$10 million in investment to expand its manufacturing plant in the northern state of Coahuila. The site seeks to double its output of plastic automotive components such as door panels, dashboards, frunks and decorative pieces. (Transportes y Turismo, March 24, 2023)
- Ports: Mexico’s Pacific coast industrial port of Lázaro Cárdenas will receive major upgrades via investment from the National Port Administration in tandem with private investment, local media reported. The US$360 million program is expected to include improvements to port infrastructure and acquisition of new equipment that will help meet growing demand due to nearshoring. (Mexicoxport, March 21, 2023)
- Automation: Chinese-owned industrial automation engineers Paslin will establish a production plant in the northern state of Coahuila, the state government reported. The US$10 million facility is expected to provide advanced automated welding systems for regional automotive OEMs and suppliers such as Tesla, Magna, Martinrea and Metalsa. (Cluster Industrial, March 30, 2023)
- Logistics: Grupo Scantibodies, subsidiary of U.S.-based biotechnology company Scantibodies Laboratory, initiated construction of a new logistics complex in the northwestern border state of Baja California. The US$120 million site is planned to include four industrial buildings providing logistics services to industries with specialized needs such as medical devices, aerospace and electronics. (Solili, March 14, 2023)
- Industrial parks: Mexican commercial real estate developer Real Estate Investments reported plans to expand its Gate Escobedo industrial park in the northeastern state of Nuevo León. The upgrade will include five new industrial buildings totaling 1.1 million sq. ft. (Reforma, March 21, 2023)
- Manufacturing: Mexican construction finishings manufacturer Lamosa is projecting investment of approximately US$260 million this year across operations in Mexico and elsewhere in Latin America. Plans include US$80 million in machinery upgrades to produce ceramic tile, adhesives and flooring materials. (El Economista, March 16, 2023)
- Automotive: U.S. automotive components manufacturer Borgwarner announced it will expand its manufacturing operations in the northern state of Coahuila. The US$47 million investment program will help the company’s three plants in the state boost output of products such as ignition coils, exhaust gas recirculation modules and thermostats. (Milenio, March 14, 2023)
- Industrial parks: Mexican commercial real estate developer Vesta reported plans to invest US$135 million to establish new industrial infrastructure in the State of Mexico in proximity of Mexico City. Plans include two industrial buildings in the city of Toluca and an industrial park in the municipality of Cuautitlán Izcalli. (Milenio, March 13, 2023)
- Retail: Walmart, Mexico’s leading grocery and general merchandise retailer, is projecting investment of approximately US$1.4 billion in Mexico and Central America operations during the current year. Resources are expected to support remodeling of existing stores, establishment of new sales locations and upgrades to operations technology and supply chain infrastructure. (El Financiero, March 7, 2023)
- Logistics: Mexican beverage bottler and savory snack maker Arca Continental inaugurated a new distribution center in the municipality of Tlaquepaque in the western state of Jalisco, the company reported. The US$2.5 million facility is intended to serve consumers directly and will collaborate with the Coca Cola company’s PetStar PET plastic recycling center, also in Tlaquepaque. (Notisistema, March 8, 2023)
- Automotive: Chinese-owned auto parts maker Xinquan Mexico Automotive Trim inaugurated an expansion of its manufacturing plant in the central state of Aguascalientes, the state government reported. The US$30 million upgrade will boost production at the site of door panels, back panels and center consoles for luxury vehicles. (El Universal, March 14, 2023)
- Solar power: Chinese-Mexican solar panel maker Solarever inaugurated a new production line at its manufacturing plant in the western Pacific coast state of Colima, the company reported. The US$35 million upgrade includes specialized automation technology and machinery for the production of photovoltaic solar panels. (Mexico Industry, March 13, 2023)
- Retail: Leading Mexican grocery and general merchandise retailer Soriana announced the completion of a US$27 million program to renovate four of the chain’s largest stores, located in Mexico City, Los Cabos and Monterrey. Upgrades focused on technology such as self-checkout stations and sustainability systems for increasing efficiency of water and electricity use. (Reforma, March 3, 2023)
- Automotive: U.S. vehicle parts manufacturer Phillips Industries inaugurated an expansion of its production plant in the northern state of Coahuila, the company reported. The US$35 million upgrade will boost production at the site of electrical harnesses for tractor-trailers and other types of trailers. (Mexico Industry, March 14, 2023)
- Leisure: Mexican resort operator Pueblo in alliance with the Tourism Ministry (Sectur) and other Mexican government agencies plans to open a major aquarium complex in the Pacific coast city of Mazatlán this Spring. The US$95 million site is expected to include a botanical garden and other visitor amenities. (SoyNómada, March 2, 2023)