- 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)
Our last few posts on the Mexican construction industry alternated between hopeful projections and bleak reality. After a promising first half in 2012, construction activity began losing steam and ended the year with negative monthly growth. Despite closing their eyes and tapping their heels together three times at the outset of 2013, industry poobahs watched in horror as the sector absolutely tanked last year (click on graphic at left). Despite hopes that public infrastructure spending would kick in at any moment to goose the employment and value numbers, the first half of 2014 continued the baleful run. Recent figures coming out of the Mexican Construction Industry Chamber (CMIC), however, suggest that the industry is finally coming up for air. Continue reading Mexican construction sector finally picking up
PLEASE NOTE: This post has been updated here.
The pace of growth of Mexico’s construction industry may have dived in the fourth quarter lat year, but the Mexican Construction Industry Chamber (CMIC) is feeling guardedly optimistic about the sector’s prospects going forward.
Mexico’s construction industry is among the country’s largest industries by value, contributing close to 7% of national GDP through mid-2012. With an estimated value of US$83 billion in 2011, the sector is the sixth largest by contribution to GDP. The industry was hit hard by the 2008-2009 recession and did not fully return to growth until late 2010. After a period of fairly robust growth through 2011 and into early 2012, the pace of expansion slowed in the second half. Continue reading Mexico construction industry outlook for 2013