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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Logistics: Mexican department store operator Coppel inaugurated a new distribution center in the northwestern state of Sinaloa. Built at a cost of approximately US$20 million, the site will warehouse and ship clothing and furniture for the country’s northwestern region. (El Financiero, May 28, 2015)
  • Brewing: Mexican beer giant Grupo Modelo, owned by Belgium-based Anheuser-Busch InBev, will invest approximately US$182 million to establish a beer-can production plant in the southeastern state of Yucatán, the company reported. Modelo recently announced it will build a new brewery in the same location. (Reuters, May 29, 2015)
  • Mining: Canadian mining company Timmins Gold Corp. announced plans to invest approximately US$200 million in mining operations in the Mexican states of Veracruz, Sonora and Guerrero. Timmins is focused on producing gold in its Mexican mines. (El Norte, May 18, 2015)
  • Electronics: German electronics and engineering multinational Bosch plans investment of approximately US$142 million in Mexico this year, the company reported. Plans include new product development and the construction of a new plant to produce water heaters in the southern state of Morelos. (El Financiero, May 14, 2015)
  • Food processing: Mexican flour and tortilla multinational Gruma plans investment of US$300 million this year in Mexico operations, the company reported. Resources will be applied to upgrade process technologies, expand production capacity and possibly to acquisitions. (El Financiero, May 12, 2015) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Logistics: U.S.-based industrial real estate developer Prologis plans investment of US$180 million in Mexico operations this year, the company reported. Projects include construction of new industrial parks as well as acquisition of parks currently under construction. (El Financiero, March 26, 2015)
  • Retail: Mexican upscale department store chain Palacio de Hierro will establish a new store in the Gulf coast city of Veracruz at a cost of approximately US$40 million. The store will be part of a new oceanfront commercial development to include retail space, offices, restaurants and cinemas. (El Financiero, March 23, 2015)
  • Entertainment: Mexican cinema operator Cinemex projects it will add up to 170 screens to Mexico operations in 2015 at a cost of approximately US$100 million. Cinemex also plans to enter the U.S. market in 2016, the company reported. (Finamex Casa de Bolsa Comentario de Apertura, March 23, 2015)
  • Information technology: Mexican telecommunications service provider Alestra will invest approximately US$108 million in Mexico operations this year, the company reported. Plans include a major expansion of the company’s data center in the central state of Querétaro, one of five such centers Alestra operates in the country. (El Financiero, March 20, 2015)
  • Automotive: Canadian auto parts manufacturer Magna International plans investment of approximately US$135 million to install a production plant in the central state of Querétaro. The facility is planned to produce fenders, panels and other exterior vehicle parts for global OEMs. (El Financiero, March 19, 2015)
  • Food processing: DuPont Mexico, subsidiary of U.S. chemical giant DuPont, plans investment of US$10 million in Mexico operations in 2015, the company reported. Projects include expansion of the company’s pectin extraction plant in the western state of Colima. (Reforma, March 19, 2015) Continue reading Recent and upcoming investment in Mexico