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- Telecommunications: Canadian telecommunications equipment developer EXFO announced plans to establish a new operations center in the central state of Querétaro. The US$7.5 million facility is expected to produce fiber optic test equipment and develop solutions for mobile networks. (El Economista, June 21, 2022)
- Brewing: Netherlands-based beer brewer Heineken will construct a new can manufacturing plant near the site of its brewery in the northern state of Chihuahua, the company reported. The US$90 million facility will seek aluminum suppliers with demonstrated commitment to reducing carbon emissions, according to Heineken. (Milenio, June 27, 2022)
- Construction materials: Mexican construction finishings manufacturer Cesantoni invested approximately US$53 million to expand its production site in the northern state of Zacatecas, the company reported. Resources will allow the company to double the plant’s output of floor tiles and ceramic coverings for export to the U.S. and Latin America. (Líder Empresarial, June 24, 2022)
- Logistics: U.S. e-commerce giant Amazon inaugurated a new shipping center in the central state of Guanajuato, the company announced. Investment was not specified for the site, which the company reports will allow for same-day deliveries in the region. (Milenio, June 21, 2022)
- Automotive: Japanese automotive components manufacturer Jarco announced it will establish a new production plant in the central state of Aguascalientes. The US$30 million facility is expected to produce fuel-saving AXO transmissions for the nearby Nissan plant and other regional automotive OEMs. (Reforma, June 21, 2022)
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COVID, investment both up in January
COVID-19
The COVID-19 pandemic continued to lash Mexico in January with no respite in sight. The number of new cases and deaths reached historic highs during the month, and the country’s level of excess mortality ranked second highest in the world. Mexico City and 13 other states remain at red on the epidemiological traffic light, signifying the highest level of restriction on economic activity and movement. Hospital bed occupation in the capital is close to 90%, and only one of Mexico’s 32 states, Campeche, is at the green or lowest level of restrictions. At this time, both President Andrés Manuel López Obrador and Carlos Slim, Mexico’s wealthiest man, are ill with COVID-19. Continue reading COVID, investment both up in January
Slow December as restrictions tighten
Mexico City returned to red last month on the epidemiological traffic light system, indicating saturation of hospital beds and the highest degree of restrictions on business activity and movement. The rate of increase in cases of COVID-19 is uneven across the country’s 32 states however overall the spread of the virus continues to increase rather than to decrease. Despite this, many coastal tourism zones remain in operation and received a substantial number of visitors from within Mexico as well as from the United States during the year-end holiday period. Mexico has begun to receive and distribute the U.S.-developed Pfizer-BioNTech vaccine, and plans to begin importing the Chinese CanSino vaccine in January. Continue reading Slow December as restrictions tighten