Tag Archives: automotive

Recent and upcoming investment in Mexico

  • Metal forming: Mexican metal forming company Falcon Sheet Metal Industries inaugurated a new production plant in the central state of Guanajuato, the company reported.  The US$10 million facility is expected to produce steel and aluminum parts for the regional automotive industry. (Modern machine Shop, November 30, 2022)
  • Medical devices: U.S. medical device maker Gilero inaugurated a new production facility in the northwestern border city of Tijuana, the company reported.  The US$2.5 million site is planned to provide design, development and contract manufacturing services for medical and drug delivery devices. (Mexico Industry, November 29, 2022)
  • Supply chain: U.S. industrial conglomerate Honeywell announced a US$3 million expansion of its Global Supply Chain Center of Excellence in the northeastern state of Nuevo León.  The site reportedly provides strategic planning for the company’s global production and supply chain operations. (Inmobiliare, November 23, 2022)
  • Manufacturing: Chinese electric tool maker Daya initiated construction of a new production plant in the northeastern state of Nuevo León.  The US$120 million facility is expected to produce equipment such as lawn mowers, grass trimmers and leaf blowers beginning in the third quarter of 2023. (Government of Nuevo León, November 28, 2022)
  • Mining: Mexican mining company Minera Autlán reported plans to invest US$50 million to install a new ferroalloys furnace at its plant in the eastern Gulf state of Veracruz to supply the steel industry.  The company is also studying the possibility of supplying manganese to the automotive battery manufacturing industry. (Reforma, November 22, 2022)
  • Manufacturing: Spanish engineering and electronics multinational Tempel Group inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported.  Investment was not specified for the site, which will design, produce and distribute racks for electronic equipment principally for the energy industry. (Tempel Group, November 21, 2022)
  • Agricultural machinery: U.S. heavy equipment manufacturer John Deere announced plans to expand its plant in the northeastern state of Nuevo León.  The US$55 million upgrade will include two new lines expected to produce skid steer loaders and mower conditioners beginning in 2023. (State of Nuevo León, November 18, 2022)
  • Retail: U.S.-based grocery and general merchandise retailer H-E-B announced a US$12.8 million investment program for Mexico operations through 2023.  Plans include opening five new stores and remodeling another 15 sales locations throughout the country. (El Financiero, November 17, 2022)
  • Construction materials: Swiss construction finishings maker Rehau began building a new manufacturing plant in the central state of Guanajuato, the company reported.  The US$25 million site is planned to produce t-moldings and edge covers for the furniture industry. (Mexico Industry, November 16, 2022)
  • Electric parts: Taiwanese electric components maker Etron Technology inaugurated a new manufacturing plant in the northeastern state of Nuevo León.  The facility, expected to produce electric switches, represents investment of US$5 million with potential for another US$15 million to expand the site, the company reported. (El Norte, November 7, 2022)
  • Retail: U.S.-based DIY and hardware retailer The Home Depot inaugurated two new stores in the states of Jalisco and Nuevo León, the company reported.  The US$38.5 million expansion is part of the chain’s plans to reach 150 stores in Mexico in the coming years. (Líder Empresarial, November 18, 2022)
  • Automotive: Canadian automotive components maker Martinrea announced plans to expand its manufacturing plant in the central state of Querétaro.  The US$37 million upgrade is expected to boost production of parts including suspension subframes, engine blocks and transmission housings. (Mexico Industry, November 11, 2022)
  • Rail freight: Mexican rail freight operator Ferromex, subsidiary of Grupo Mexico Transportes, is completing construction on a new intermodal freight terminal near the Pacific coast port of Manzanillo, the company reported.  The US$29 million site is intended to increase capacity for rail freight distribution from the port to other regions of Mexico. (Reforma, November 3, 2022)
  • Automotive: U.S. auto parts manufacturer Maval inaugurated a new manufacturing plant in the northeastern border city of Nuevo Laredo, state of Tamaulipas, the company reported.  The US$2 million initial production space is expected to turn out pumps and gears for power steering systems. (Mexico Industry, November 16, 2022)
  • Manufacturing: Japanese electric motor manufacturer Nidec initiated operations at a new production plant in the northeastern state of Nuevo León.  The US$18.6 million site is expected to produce power conversion equipment such as electric drives and motors for industrial applications. (El Norte, November 7, 2022)
  • Automotive: U.S. automotive multinational Ford inaugurated a new research and innovation center in the central State of Mexico.  The US$260 million facility includes cutting-edge design and engineering laboratories as well as administrative offices.  (Reforma, November 2, 2022)

Recent and upcoming investment in Mexico

  • Logistics: Mexican upscale department store chain and mall operator Liverpool inaugurated a major new distribution center in the central State of Mexico.  The first stage of the planned US$1.2 billion Plataforma Logística Arco Norte (PLAN) is expected to double the company’s existing capacity for receiving, warehousing and shipping products throughout the country. (Reforma, October 27, 2022)
  • Food processing: U.S. food processor Del Monte Foods announced a major expansion of its plant in the northeastern state of Nuevo León.  The US$30 million upgrade is planned to boost processing capacity of fruit and juices for export to the United States, China, Japan and South Korea. (Reforma, October 24, 2022)
  • Automotive: German automotive components manufacturer Standard Profil inaugurated a new production plant in the central state of Guanajuato.  The US$9.8 million facility is expected to produce sealing systems for electric vehicles of automotive OEMs such as Ford, Tesla, Rivian, Audi and Volvo. (Cluster Industrial, October 20, 2022)
  • Manufacturing: Chinese HVAC manufacturer Sanhua inaugurated a new production plant in the northern state of Coahuila, the state government reported.  The US$35 million site is planned to produce components for refrigeration and air conditioning systems. (Milenio, October 19, 2022)
  • Refrigeration: Danish heating and cooling equipment maker Danfoss inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported.  Investment was not specified for the new facility, which is expected to produce components for heat exchangers used in industrial refrigeration. (Milenio, October 19, 2022)
  • Automotive: German auto maker Volkswagen is projecting investment of approximately US$763 million through 2025 to modernize its manufacturing plant in the southern state of Puebla.  Plans include a new all-electric painting unit powered by wind-generated electricity. (Reforma, October 28, 2022)
  • Commercial real estate: Mexican commercial real estate developer Grupo Murano inaugurated a new hotel and retail complex in central Mexico City.  The US$150 million site is part of an investment program that includes hotels planned for the coastal cities of Cancun and Ensenada under the AM Resorts brand. (Reforma, October 25, 2022)
  • Railroads: Mexican rail freight operator Ferromex, subsidiary of Grupo Mexico Transportes, plans investment of approximately US$470 million in 2023, the company reported.  Resources are expected to support acquisition of new railroad equipment, expansion of operations and technology upgrades. (Reforma, October 27, 2022)
  • Manufacturing: U.S.-based bedding products multinational Tempur Sealy reported plans to expand its mattress manufacturing plant in the central State of Mexico.  The US$3.5 million upgrade includes the addition of loading docks and expansion of production facilities. (Forbes, October 19, 2022)
  • Automotive: Portuguese automotive components multinational Sodecia announced it will expand operations at its manufacturing plant in the northern state of Coahuila.  A US$36 million upgrade is expected to add automation technology including hot stamping to increase the range of auto body parts produced at the site. (Mexico Industry, October 13, 2022)
  • Logistics: U.S. e-commerce giant Amazon inaugurated a new shipping center in the northeastern state of Nuevo León, the state government reported.  The 225,000 sq. ft. facility is part of the company’s current US$75 million investment program in the state. (Government of Nuevo León, October 13, 2022)
  • Chemicals: Swiss chemical ingredients maker Givaudan inaugurated an expansion of its Flavors and Wellness production plant in the central state of Morelos. The US$7.7 million upgrade includes new quality control laboratories and administrative facilities. (Mexico Industry, October 12, 2022)
  • Electronics: U.S. semiconductor manufacturer Vishay Intertechnology inaugurated a new production plant in the northern border city of Ciudad Juárez, the Chihuahua state government reported.  The US$23 million facility is expected to produce resistors for industrial and consumer products. (Solili, October 12, 2022)
  • Retail: U.S.-based DIY and hardware retailer The Home Depot inaugurated a new retail location in the northeastern industrial city of Monterrey via investment of approximately US$30 million, the company reported.  The Home Depot’s investment plans also include a US$50 million multi-channel distribution center in Nuevo León, a new logistics hub and additional stores. (América Retail, October 11, 2022)
  • Manufacturing: Chinese machinery manufacturer BUT Construction Machinery established a new production plant in the northeastern state of Nuevo León, the state government reported.  The US$20 million site is planned to produce excavator parts and hydraulic clamps. (Somos Industria, October 2022)
  • Casual dining: Canadian coffee and fast-food chain Tim Hortons announced planned investment of US$30 million to open 50 locations in the central state of Querétaro.  The company also reported plans to establish points of sale in Walmart and Sam’s Club stores in Mexico. (Mexico Industry, October 10, 2022)
  • Automotive: Korean automotive electronics maker HL Klemove reported plans to establish a new manufacturing plant in the northern state of Coahuila.  The US$65 million facility is expected to produce electric vehicle components such as cameras, radar and domain controllers (DCU) for OEMs such as Hyundai and Kia. (Somos Industria, October 2022)
  • Metal finishing: Turkish metal finishing technology manufacturer BOCE Industrial Systems inaugurated an industrial plant in the central state of Querétaro at an estimated cost of US$1.5 million.  The site is expected to produce automatic surface treatment and electro-plating lines for anti-corrosion, decorative or functional applications. (Radio Fórmula, October 2, 2022)

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)

Continue reading Recent and upcoming investment in Mexico