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Recent and upcoming investment in Mexico

  • Logistics: Mexican upscale department store chain and mall operator Liverpool inaugurated a major new distribution center in the central State of Mexico.  The first stage of the planned US$1.2 billion Plataforma Logística Arco Norte (PLAN) is expected to double the company’s existing capacity for receiving, warehousing and shipping products throughout the country. (Reforma, October 27, 2022)
  • Food processing: U.S. food processor Del Monte Foods announced a major expansion of its plant in the northeastern state of Nuevo León.  The US$30 million upgrade is planned to boost processing capacity of fruit and juices for export to the United States, China, Japan and South Korea. (Reforma, October 24, 2022)
  • Automotive: German automotive components manufacturer Standard Profil inaugurated a new production plant in the central state of Guanajuato.  The US$9.8 million facility is expected to produce sealing systems for electric vehicles of automotive OEMs such as Ford, Tesla, Rivian, Audi and Volvo. (Cluster Industrial, October 20, 2022)
  • Manufacturing: Chinese HVAC manufacturer Sanhua inaugurated a new production plant in the northern state of Coahuila, the state government reported.  The US$35 million site is planned to produce components for refrigeration and air conditioning systems. (Milenio, October 19, 2022)
  • Refrigeration: Danish heating and cooling equipment maker Danfoss inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported.  Investment was not specified for the new facility, which is expected to produce components for heat exchangers used in industrial refrigeration. (Milenio, October 19, 2022)
  • Automotive: German auto maker Volkswagen is projecting investment of approximately US$763 million through 2025 to modernize its manufacturing plant in the southern state of Puebla.  Plans include a new all-electric painting unit powered by wind-generated electricity. (Reforma, October 28, 2022)
  • Commercial real estate: Mexican commercial real estate developer Grupo Murano inaugurated a new hotel and retail complex in central Mexico City.  The US$150 million site is part of an investment program that includes hotels planned for the coastal cities of Cancun and Ensenada under the AM Resorts brand. (Reforma, October 25, 2022)
  • Railroads: Mexican rail freight operator Ferromex, subsidiary of Grupo Mexico Transportes, plans investment of approximately US$470 million in 2023, the company reported.  Resources are expected to support acquisition of new railroad equipment, expansion of operations and technology upgrades. (Reforma, October 27, 2022)
  • Manufacturing: U.S.-based bedding products multinational Tempur Sealy reported plans to expand its mattress manufacturing plant in the central State of Mexico.  The US$3.5 million upgrade includes the addition of loading docks and expansion of production facilities. (Forbes, October 19, 2022)
  • Automotive: Portuguese automotive components multinational Sodecia announced it will expand operations at its manufacturing plant in the northern state of Coahuila.  A US$36 million upgrade is expected to add automation technology including hot stamping to increase the range of auto body parts produced at the site. (Mexico Industry, October 13, 2022)
  • Logistics: U.S. e-commerce giant Amazon inaugurated a new shipping center in the northeastern state of Nuevo León, the state government reported.  The 225,000 sq. ft. facility is part of the company’s current US$75 million investment program in the state. (Government of Nuevo León, October 13, 2022)
  • Chemicals: Swiss chemical ingredients maker Givaudan inaugurated an expansion of its Flavors and Wellness production plant in the central state of Morelos. The US$7.7 million upgrade includes new quality control laboratories and administrative facilities. (Mexico Industry, October 12, 2022)
  • Electronics: U.S. semiconductor manufacturer Vishay Intertechnology inaugurated a new production plant in the northern border city of Ciudad Juárez, the Chihuahua state government reported.  The US$23 million facility is expected to produce resistors for industrial and consumer products. (Solili, October 12, 2022)
  • Retail: U.S.-based DIY and hardware retailer The Home Depot inaugurated a new retail location in the northeastern industrial city of Monterrey via investment of approximately US$30 million, the company reported.  The Home Depot’s investment plans also include a US$50 million multi-channel distribution center in Nuevo León, a new logistics hub and additional stores. (América Retail, October 11, 2022)
  • Manufacturing: Chinese machinery manufacturer BUT Construction Machinery established a new production plant in the northeastern state of Nuevo León, the state government reported.  The US$20 million site is planned to produce excavator parts and hydraulic clamps. (Somos Industria, October 2022)
  • Casual dining: Canadian coffee and fast-food chain Tim Hortons announced planned investment of US$30 million to open 50 locations in the central state of Querétaro.  The company also reported plans to establish points of sale in Walmart and Sam’s Club stores in Mexico. (Mexico Industry, October 10, 2022)
  • Automotive: Korean automotive electronics maker HL Klemove reported plans to establish a new manufacturing plant in the northern state of Coahuila.  The US$65 million facility is expected to produce electric vehicle components such as cameras, radar and domain controllers (DCU) for OEMs such as Hyundai and Kia. (Somos Industria, October 2022)
  • Metal finishing: Turkish metal finishing technology manufacturer BOCE Industrial Systems inaugurated an industrial plant in the central state of Querétaro at an estimated cost of US$1.5 million.  The site is expected to produce automatic surface treatment and electro-plating lines for anti-corrosion, decorative or functional applications. (Radio Fórmula, October 2, 2022)

Recent and upcoming investment in Mexico

  • Steel: Mexican steel products maker Deacero reported plans to invest approximately US$600 million to expand operations through 2024. Resources will support acquisition of new machinery and equipment, improved sustainability practices and increased production capacity to serve increasing demand from “nearshoring” manufacturing operations in Mexico. (Reforma, September 26, 2022)
  • Electrical: U.S. electrical products developer Panduit inaugurated a new manufacturing plant in the northeastern state of Nuevo León. The amount of investment was not specified for the site, which is expected to produce make-to-order (MTO) electrical and network infrastructure components for regional industries. (Government of Nuevo León, September 28, 2022)
  • Metal machining: Japanese-owned industrial components maker Sumitomo Drive Technologies inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported. The US$12 million facility includes machining centers to produce metal components for power transmission equipment. (Mexico Industry, September 9, 2022)
  • Batteries: Chinese-Mexican photovoltaic panel maker Solarever announced projected investment of US$1 billion to establish a new manufacturing plant in the western state of Jalisco. The new facility is planned to produce batteries for electric vehicles. (El Economista, September 12, 2022)
  • Food processing: U.S. confectionery and baked goods producer Hershey reported plans to expand manufacturing operations at its plant in the northeastern state of Nuevo León. The US$90 million upgrade is expected to include two new advanced-technology production lines to boost output of the over 300 Hershey’s products made at the site. (Inmobiliare, September 9, 2022)

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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)

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