Tag Archives: confectionary

Industrial FDI still slack in September

Information collected from media reports over the last month:

  • Automotive: Chinese auto parts maker Daimay Automotive Interior Co. inaugurated a new manufacturing plant in the northern state of Coahuila, the company reported. The US$86 million facility is expected to produce components such as sun visors, seats, headrests, steering wheels and roof consoles for regional OEMs including General Motors, Ford, Volkswagen and Chrysler. (Cluster Industrial, September 25, 2020)
  • Confectionery: U.S. candy and snack maker Mount Franklin Foods announced the opening of a new candy production plant in the northern state of Chihuahua. Investment was not specified for the facility, which is expected to produce soft non-chocolate candies and will include a packaging line and research and development operations. (Candy Industry, September 23, 2020)
  • Rail: The Ministry of Communications and transport is preparing a tender for the construction of a passenger rail line from the central state of Hidalgo to the new Mexico City airport at Sancta Lucía, currently under construction. Approximately US$1.9 million have been requested to cover the cost of the initial technical studies, according to local media reports. (El Universal, September 18, 2020)
  • Automotive: Japanese auto maker Toyota plans investment of US$170 million to expand its assembly plant in the central state of Guanajuato, local media reported. The increase in capacity will allow to company to boost output principally of the Tacoma model pickup truck for distribution in North America. (Expansión, September 15, 2020) Continue reading Industrial FDI still slack in September

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Retail: Mexican department store operator Palacio de Hierro announced it plans to establish a new ‘mega-store’ in Mexico City’s upscale Polanco district.  The US$300 million development is slated to become the chain’s flagship location. (El Financiero, May 13, 2014)
  • Manufacturing: Mexican industrial park operator Parque Industrial Amistad Aeropuerto plans investment of approximately US$15 million in its facility at Ramos Arizpe, in the northern state of Coahuila, to accommodate U.S. cooling equipment manufacturer Nordyne.  The new manufacturing infrastructure will be used to produce air conditioning equipment. (Mexican Business Web, May 26, 2014)
  • Confectionery: U.S. candy giant Mars, Inc. initiated construction of a new production plant in the central state of Guanajuato.  The US$160 million facility is planned to produce Snickers and Milky Way bars to meet domestic demand and for export to Central and South America.  (Reforma, May 29, 2014)
  • Mining: Mexican mine operator Minera Autlán plans investment of US$300 million over the next five years, the company reported.  Projects targeted for investment include energy generation, exploration, industrial security and environmental protection. (Reforma, May 21, 2014)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) will invest US$13.8 million in upgrades at the Tijuana airport, on the northern border with California.  The new additions to the site will include a bridge within the terminal connecting the Mexico side of the airport with arrival facilities on the U.S. side of the border. (Reforma, May 21, 2014) Continue reading Recent and upcoming investment in Mexico