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Recent and upcoming investment in Mexico

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Information collected from media reports over the last month:

  • Oil rigs: Mexican petroleum marine services provider Marinsa invested approximately US$26 million in two offshore oil drilling platforms in the Gulf of Mexico, the company reported. Marinsa is providing rehabilitation and installation services to national oil company Petróleos Mexicanos (Pemex) for the development of 20 offshore oil fields.  (Reforma, July 31, 2019)
  • Electronics: French automation technology multinational Schneider Electric inaugurated a new “intelligent” production plant in the northeastern state of Nuevo León, the company reported. The US$37 million facility is planned to produce devices such as motor controls, lighting panels and safety switches. (Somos Industria, July 2019)
  • Mining: Canadian-owned Compañía Minera Cuzcatlán plans investment of approximately US$12.8 million at its San José del Progreso mine in the southern state of Oaxaca, the company reported. Resources will principally support extended exploration at the silver and gold producing site. (Reforma, July 25, 2019)
  • Hotels: U.S. hotel operator Choice Hotels reported plans to open seven new hotels in Mexico this year via investment of approximately US$39 million. The new properties will target the business travel market and include locations in the cities of Monterrey, Querétaro, Pachuca, Villahermosa, Hermosillo and Mexico City. (Reforma, July 24, 2019)
  • Aviation: Mexican private aviation services provider Redwings reported plans to establish an aircraft maintenance center in the central state of Querétaro. The US$15.8 million FBO facility will provide specialized aircraft services including painting to regional operators. (Somos Industria, July 2019) Continue reading Recent and upcoming investment in Mexico →

Recent and upcoming investment in Mexico

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Information collected from media reports over the last month:

  • Wind power: Spanish renewable energy developer Acciona Energía will initiate construction of a wind power generation plant early next year in the northeastern state of Nuevo León, the company reported. The electricity plant is part of an investment program of close to US$1 billion intended to double the company’s current 1,000 Mw generation capacity in the country. (Reforma, July 30, 2018)
  • Food processing: Mexican industrial baking giant Grupo Bimbo is projecting capital investment of approximately US$800 million for 2018, the company reported. Resources will support expanding production capacity and improving the company’s product distribution network.  (El Financiero, July 30, 2018)
  • Electronics: German semiconductor maker Infineon plans to expand manufacturing capacity at its plant in the northern border city of Tijuana, the company reported. The US$40 million expansion will allow the facility to boost output of electronic components for use in the automotive, medical and other manufacturing industries. (Tecnoempresa, July 24, 2018)
  • Aerospace: U.S. aerospace components manufacturer Esterline Corp. announced it will expand one of its four plants in the northern border city of Tijuana. The US$15 million expansion will boost the company’s capacity to produce aerospace electronics and sensor equipment at the site. (Mexico Now, July 23, 2018)
  • Aviation: Mexican low-cost airline VivaAerobus reported plans to invest approximately US$2.5 billion in new aircraft to modernize its fleet. The program includes acquisition of 25 Airbus A321neo and upgrade of 16 A320neo to A321neo models. (Reforma, July 19, 2018) Continue reading Recent and upcoming investment in Mexico →

Recent and upcoming investment in Mexico

Energy, Investment, Manufacturing, , , , , , , , ,
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Information collected from media reports over the past month:

  • Solar power: French electricity company Schneider Electric plans to build a photovoltaic solar energy generation plant in the northeastern state of Nuevo León. The US$1.5 million installation will be located at the Technology Research and Innovation park to provide electricity for the park’s Development and Innovation Center. (El Economista, September 24, 2014)
  • Biotechnology: U.S.-based biotechnology multinational Monsanto inaugurated a new seed technology research center in the western state of Jalisco, the company reported. The new site, the cost of which was not revealed, is planned to centralize the company’s efforts to develop new hybrid and genetically modified strains of corn. (Reuters, September 29, 2014)
  • Chemicals: Spanish industrial group Grupo Proman will lead construction of a major new fertilizer production plant in the northwestern state of Sinaloa, the state government reported. Investors from Mexico, Switzerland and Germany will provide capital for the approximately US$92 million project, which is expected to produce ammonia. (Milenio, September 24, 2014)
  • Aviation: Mexican airlines plan purchases of over 250 new aircraft at a cost of approximately US$24.6 billion over the next seven years, combined media sources report. The airlines are releasing expansion plans following the recent announcement that a major new international airport will be built in Mexico City in the coming years. (El Financiero, September 12, 2014)
  • Automotive: German auto parts manufacturer Witzenmann plans to build a new production plant in the central state of Guanajuato. The US$12 million facility is expected to produce metal hoses for regional automotive OEMs. (Alcaldes de México, September 19, 2014) Continue reading Recent and upcoming investment in Mexico →