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Recent and upcoming investment in Mexico

  • Ports: SSA Mexico, subsidiary of U.S. rail and marine terminal operator Grupo Carrix, reported plans to invest US$30 million to upgrade operations at the Pacific coast ports of Manzanillo and Lázaro Cárdenas. Resources will support acquisition of specialized equipment including two Super Post Panamax cranes and six RTG shipyard cranes. (Reforma, December 30, 2021)
  • Financial services: Spain-based Banco Santander announced plans to invest US$520 million to expand Mexico operations in 2022. The company reported US$500 million in technology investments in Mexico over the past year, including its Tuiio platform targeting low-income customers. (Reforma, December 16, 2021)
  • Flooring: U.S. floorcoverings manufacturer Mohawk Industries is on track to initiate operations at a new plant in the northwestern border city of Mexicali, the company reported. The US$190 million facility is projected to become the largest vinyl flooring factory in Latin America, according to the Mexicali municipal government. (La Voz de la Frontera, December 12, 2021)
  • Automotive: U.S.-owned Lear Seating Structures announced investment of over US$20 million to expand operations at its plant in the northern state of Coahuila. The upgrade will allow the company to increase production of metal structures for automotive seating to supply regional auto makers. (Vanguardia.mx, December 11, 2021).
  • Transport: Mexican transport service provider Transporte Empresarial del Norte (TEN) launched operations in the northern state of Coahuila via investment of approximately US$12.8 million. The expansion is intended to deliver employees to and from industrial sites in the region. (El Siglo de Torreón, December 13, 2021)

Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Chemicals: Mexican industrial group Cydsa will invest US$200 million through 2013 to open a new factory and upgrade existing infrastructure, the company announced.  Plans include a new facility to produce bleach and caustic soda as well as projects for the transport and storage of gas from the United States and Canada. (El Financiero, June 19, 2012)
  • Autoparts: German auto parts maker Robert Bosch plans investment of approximately US$140 million in its Mexico operations this year, based on projected domestic sales growth of 10 – 15%.  The company operates eight manufacturing plants around Mexico. (El Financiero, June 20, 2012)
  • Software: U.S. corporate group General Electric will invest US$30 million to expand its Advanced Turbomachinery Engineering Center in the central Mexican state of Querétaro.  The center develops software for GE’s aviation and energy divisions. (El Financiero, June 28, 2012)
  • Aerospace: U.S.-based coatings engineers Ellison Surface Technologies will open a new thermal spray coating and special process facility in the northern state of Sonora, the company announced at the Farnborough air show.  The US$1.5 million location is planned to provide heat treatment and special processes for aerospace components. (El Siglo de Torreón, July 10, 2012)
  • Green building: Spanish bank BBVA has initiated construction of a new corporate tower and a new operations center in central Mexico City, to be built at a combined cost of approximately US$900 million.  The 50-floor corporate building is planned to be LEED-certified, including advanced technology for air quality and reduced consumption of water and electricity. (Reforma, July 6, 2012) Continue reading Recent and upcoming investment in Mexico

New NOM for sustainable housing in the works

A better idea
A better idea

Mexico’s Energy and Environment Ministries are working to prepare new regulations applying to sustainable housing construction and retrofitting, according to a presentation made by an Energy Ministry (SE) official during the International Forum on Urban Development and Sustainable Reconversion held in Mexico City recently.  The regs will come in the form of a Norma Oficial Mexicana (NOM), or Official Mexican Norm, which is Mexico’s system of obligatory performance and safety standards for some types of products and industrial activities.  The new NOM is planned to establish the parameters within which housing units will be officially considered “sustainable,” based on characteristics such as energy and water efficiency, insulation and waste disposal, among others.  Presumably compliance with the guidelines will be required for housing to qualify for government incentive programs for builders and homeowners intended to stimulate increased energy efficiency.  Residential housing is estimated by the SE to be among the largest consumers of energy in the country, accounting for approximately 19% of power use nationwide.  Officials are targeting early 2012 for completion of the new regulations. Continue reading New NOM for sustainable housing in the works