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Recent and upcoming investment in Mexico

  • Food processing: Spanish pizza marketer Food Delivery Brands inaugurated a new production and administrative facility in the central state of Querétaro, the company reported. The US$8.5 million site, expected to produce pizza dough for the company’s Pizza Hut restaurants in the country, includes refrigerated and freezer warehousing, packaging operations, raw materials handling and shipping infrastructure. (Cluster Industrial, July 27, 2022)
  • Manufacturing: Japanese air conditioning multinational Daikin plans to establish a manufacturing plant in the central state of San Luís Potosí, the state government reported. The US$230 million facility is expected to produce energy-efficient air conditioning units for the U.S. market. (Cluster Industrial, July 25, 2022)
  • Retail: Mexican grocery and general merchandise retailer Grupo Chedraui plans to open approximately 100 new Smart & Final grocery stores in Mexico, the company reported. Chedraui currently operates 17 Smart & Final stores in northwestern Mexico in partnership with regional grocery retailer Grupo Calimax. (Reforma, July 27, 2022)
  • Railroad: U.S.-owned rail freight operator Kansas City Southern de México (KCSM) reported plans to invest up to US$195 million to construct a railway bypass in the central state of Guanajuato. The new track will allow KCSM to provide freight services in the region without passing through the central zone of the city of Celaya. (El Economista, July 21, 2022)
  • Brewing: French malt producer Malteurop is projecting completion of a new malting plant in the northern state of Chihuahua at a total cost of US$120 million, the company reported. The site is expected to produce 120,000 tons of malted barley annually for the Heineken brewery in the area. (Cluster Industrial, July 26, 2022)

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Recent and upcoming investment in Mexico

  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) is projecting investment of approximately US$600 million in operational upgrades over the next five years, the company reported. Projects include a 50% expansion of capacity at the Monterrey airport as well as construction of a regional air traffic control center. (Reforma, February 28, 2022)
  • E-commerce: Argentinian e-commerce portal MercadoLibre reported plans for investment in excess of US$1 billion this year in Mexico operations. Areas slated for upgrades and expansion include technology innovation, logistics operations and extension of financial services to underserved populations. (Reforma, February 24, 2022)
  • Call centers: Mexican contact center operator Pentafon plans US$4 million in investment this year to support sales growth projected at 35%, the company reported. Resources will support automation, infrastructure upgrades and artificial intelligence technology, among other areas. (Reforma, February 23, 2022)
  • Telecommunications: Mexican telecommunications infrastructure company Neutral Networks reported plans to install some 800 miles (1,300 km) of fiber optic cable through northern Mexico over the next three years. The US$62 million project is expected to stretch from Laredo, Texas to Mexico City and provide connectivity to operators and service providers for the manufacturing, trade and financial services sectors. (MSN, February 15, 2022)
  • Steel: Steel producer Ternium, subsidiary of Italian-Argentinian steel and energy conglomerate Techint, will invest approximately US$50 million to expand its plant in the northeastern state of Nuevo León, the Mexican government reported. The facility supplies steel products to regional industry including the automotive sector. (Forbes, February 15, 2022)

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Recent and upcoming investment in Mexico

ECONOMY AND INDUSTRY

  • Revenue from international tourism to Mexico jumped 256% in August with respect to the same month in 2020, according to data from the National Statistics Institute (INEGI). Nonetheless, income from international tourism remained 6.9% below the level registered in the same month of 2019. (Citibanamex Reporte Económico Diario, October 11, 2021)
  • Mexico’s inflation rate through September as measured by the National Consumer Price Index (INPC) is 6.0%, Citibank subsidiary Citibanamex reported. The bank projects final 2021 inflation to reach 6.4%. (Citibanamex Estudios Económicos, October 7, 2021)
  • Remittances to Mexico from abroad continued their remarkable performance in August, registering an increase of 32.7% over the same month the previous year, according to central bank Banco de México (Banxico) data. The value of remittances is running approximately 25% ahead of 2020 through the first eight months of this year. (El Financiero, October 1, 2021)

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