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- Automotive: Mexican security technology company Wtech announced plans to build an automotive manufacturing plant in the western state of Jalisco. The US$180 million factory is intended to produce electric passenger transport vehicles for Korean automotive OEM KIA, in addition to tactical military vehicles. (Reforma, May 26, 2022)
- Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) initiated a US$32 million expansion of its airport at the northwestern city of Culiacán, the company reported. The upgrade is planned to double the site’s operating capacity by adding new check-in counters, self-check-in kiosks, additional seating in waiting areas, four new boarding gates and an expanded passenger services area. (Reforma, May 25, 2022)
- Industrial parks: Mexican commercial real estate developer Meor reported plans to invest approximately US$190 million through the end of next year. Projects include approximately 120 hectares (300 acres) in new industrial park infrastructure. (Reforma, May 19, 2022)
- Funeral homes: Spanish funeral services provider Grupo Funerario Castell entered the Mexican market, investing US$2.5 million to open its first location in the country. Castell plans to expand to three locations in the greater Mexico City area by the end of this year, the company reported. (Reforma, May 16, 20222)
- Retail: S. home goods retailer Bed, Bath & Beyond opened a new store in the central state of Querétaro at a cost of approximately US$3 million, the company reported. The chain currently operates 12 stores in Mexico and plans to add 30 to 40 new sales locations in the country over the next seven years. (Reforma, May 5, 2022)
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Recent and upcoming investment in Mexico
- Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) is projecting investment of approximately US$600 million in operational upgrades over the next five years, the company reported. Projects include a 50% expansion of capacity at the Monterrey airport as well as construction of a regional air traffic control center. (Reforma, February 28, 2022)
- E-commerce: Argentinian e-commerce portal MercadoLibre reported plans for investment in excess of US$1 billion this year in Mexico operations. Areas slated for upgrades and expansion include technology innovation, logistics operations and extension of financial services to underserved populations. (Reforma, February 24, 2022)
- Call centers: Mexican contact center operator Pentafon plans US$4 million in investment this year to support sales growth projected at 35%, the company reported. Resources will support automation, infrastructure upgrades and artificial intelligence technology, among other areas. (Reforma, February 23, 2022)
- Telecommunications: Mexican telecommunications infrastructure company Neutral Networks reported plans to install some 800 miles (1,300 km) of fiber optic cable through northern Mexico over the next three years. The US$62 million project is expected to stretch from Laredo, Texas to Mexico City and provide connectivity to operators and service providers for the manufacturing, trade and financial services sectors. (MSN, February 15, 2022)
- Steel: Steel producer Ternium, subsidiary of Italian-Argentinian steel and energy conglomerate Techint, will invest approximately US$50 million to expand its plant in the northeastern state of Nuevo León, the Mexican government reported. The facility supplies steel products to regional industry including the automotive sector. (Forbes, February 15, 2022)
Recent and upcoming investment in Mexico
- Automotive: U.S.-owned vehicle maker Link EV Electric Vehicles announced plans to establish a manufacturing plant in the southeastern state of Puebla, in association with Chinese and Spanish partners. The US$265 million facility is expected to produce electric vans for package delivery and urban transport applications. (El Economista, January 25, 2022)
- Mining: Canadian mining company Americas Gold and Silver reported plans to invest US$30 million at its San Rafael mine in the northwestern state of Sinaloa. Resources will be aimed at boosting production of silver, zinc and lead at the mine following an extended period of inactivity. (Reforma, January 25, 2022)
- Packaging: U.S. consumer packaging multinational Nexgen inaugurated a new manufacturing plant in the central state of Querétaro, the company reported. The site, for which the amount of investment was not specified, will provide nearshoring production services for apparel and footwear manufacturers and retailers with operations in North America. (Nexgen Packaging, January 24, 2022)
- Animal feed: UK-based agri-tech company Devenish inaugurated a new administrative and production complex in the northwestern state of Sonora, the company announced. The site, investment for which was not specified, will become the Devenish Mexico headquarters and include a two-line production system to produce premixes for pork, cattle and poultry feeds. (3tres3.com, January 19, 2022)
- Industrial parks: The government of the central state of Guanajuato announced the inauguration of a new 1.1 million sq. ft. industrial park in the state. the US$40 million Orient Business Park is planned to include at least 97 industrial structures available to regional productive enterprises. (Centro Urbano, January 19, 2022)