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Recent and upcoming investment in Mexico

  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) initiated works to expand and upgrade the company’s international airport at the Pacific coast resort city of Puerto Vallarta. The US$350 million program will include a new passenger terminal, eight new telescopic jetways and emissions reducing technology, the company reported. (Reforma, August 30, 2022)
  • Coatings: U.S. based PPG Industries, owner of Mexico’s Comex paint brand, announced plans to upgrade its production plant in the central state of Querétaro. The US$11 million improvement program is expected to double output of powder coatings at the facility. (Diario de Querétaro, August 24, 2022)
  • Aerospace: European aerospace manufacturer Airbus reported plans to expand production at its plant in the central state of Querétaro. Investment was not specified for the program, which is expected to increase output of doors for A320 and A321 aircraft by 12% through 2026. (Reforma, August 30, 2022)
  • Food processing: Swiss processed foods giant Nestlé is projecting investment of approximately US$128 million to modernize production plants in the central state of Querétaro, the state government reported. The upgrades are expected to include software systems as well as technologies to improve water and energy efficiency and reduce carbon emissions. (El Economista, August 28, 2022)
  • Automotive: French metal components multinational Le Bélier inaugurated a new production plant in the central state of Guanajuato, the company reported. The US$102 million site is expected to manufacture cast aluminum components for the automotive and aerospace industries. (Reforma, August 25, 2022)

Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) is projecting investment of approximately US$68 million in its international airport at the northeastern industrial city of Monterrey over the next five years, the company reported. Projects are expected to include modernization of infrastructure, technology upgrades and improvements to cargo handling and security systems. (El Financiero, January 21, 2016)
  • Composites: French aerospace manufacturer Safran plans to establish a new materials production plant in the central state of Querétaro, the state government reported. The US$100 million facility is expected to produce composite materials for rotor blades. (El Financiero, January 21, 2016)
  • Retail: U.S. DIY retailer The Home Depot plans investment of approximately US$80 million in Mexico operations in 2016, the company reported. Expansion plans include six new stores in the country, where the company projects double-digit sales growth this year. (Reforma, January 20, 2016)
  • Electricity: Mexican industrial conglomerate Grupo México is projecting investment of US$1 billion to expand its electricity generation capacity following the opening of the Mexican electricity market this month. The group currently operates two combined cycle plants and a wind park, and is evaluating the addition of natural gas-powered combined cycle plants, as well as solar and wind generation facilities going forward. (Reforma, January 20, 2016)
  • Automotive: Germany-based industrial conglomerate Thyssenkrupp will build two new manufacturing plants in Mexico at an estimated cost of US$125 million, the company announced. One site in the southern state of Puebla is planned to produce steering systems for Volkswagen, and a second site in the central state of Guanajuato will produce camshafts. (Reforma, January 21, 2016) Continue reading Recent and upcoming investment in Mexico