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Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Pharmaceutical: Mexican drug maker Chinoin invested US$12 million to boost production capacity at its plant in the central state of Aguascalientes, the company reported. Upgrades included acquisition of latest-generation laboratory testing equipment and construction of a new specialized building for the facility’s microbiology laboratory. (Reforma, July 28, 2017)
  • Automotive: U.S. auto maker Ford reported plans to invest approximately US$56 million to remodel its network of sales distributorships in Mexico. Upgrades for the 127 sales locations include WiFi, community centers and areas for viewing new models of sports cars. (El Financiero, July 28, 2017)
  • Wind power: Danish wind turbine maker Vestas, in conjunction with U.S. turbine blade producer TPI Composites, announced plans to construct a blade manufacturing plant in the northeastern state of Tamaulipas. The amount of investment was not specified for the plant, which is expected to produce blades for the V136 model turbine. (Reforma, July 20, 2017)
  • Automotive: German electronics and engineering multinational Bosch plans to open a new plant this year in the central state of Querétaro, the company reported. The US$80 million facility will produce automotive steering columns for regional OEMs such as Volkswagen, General Motors, Mazda, Honda and Toyota. (El Financiero, July 11, 2017)
  • Fuel storage: IEnova, the Mexican subsidiary of U.S. natural gas utility Sempra Energy, was awarded a concession to construct a fuel storage facility in the Gulf port city of Veracruz. The US$115 million site is planned to handle gasoline, diesel and aviation fuel. (El Financiero, July 13, 2017) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Solar energy: British solar power developer Solarcentury plans to build two solar electricity generation plants in the western Mexican states of Jalisco and Nayarit, the company reported. The cost of the sites was not specified, but the firm reported a fund of approximately US$500 million earmarked to develop this type of project. (El Financiero, November 21, 2014)
  • Building materials: Chilean compressed wood materials manufacturer Masisa has initiated construction on a plant to produce medium density fiberboard (MDF) in the northern state of Durango. The US$132 million facility is projected to have output capacity of 7.8 million cubic feet of board per year. (Reforma, November 28, 2014)
  • Ports: Mexico’s Ministry of Communications and Transport (SCT) announced approximately US$1 billion in planned port investment in anticipation of new capacity demand generated by the administration’s energy reform. Ports at Matamoros, Ciudad del Carmen and Progreso, among others, will receive upgrades such as high-specification docking facilities to receive latest generation ships. (Mexican Business Web, November 24, 2014)
  • Waste management: Mexican waste management services provider Red Ambiental plans construction of a new operations base in the northeastern state of Nuevo León at a cost of approximately US$6 million. The site will provide maintenance services for the waste collection fleets and equipment of the city of Monterrey and three neighboring municipalities. (Reforma, November 18, 2014)
  • Automotive: Korean auto parts manufacturer Yura Corporation announced it will invest US$53 million to establish a production facility in the northern state of Coahuila. The plant, expected to produce electrical components for ignition systems, is targeted to begin operations in 2016. (Milenio, November 13, 2014) Continue reading Recent and upcoming investment in Mexico