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Recent and upcoming investment in Mexico

  • 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

  • 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)

Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

  • Logistics: Mexican logistics services provider Onest Logistics is currently constructing a new operations center in the central State of Mexico, the company reported. The US$9.5 million facility is planned specifically to meet rapidly growing demand from e-commerce platforms such as MercadoLibre and Amazon. (El Norte, November 30, 2021)
  • Manufacturing: French rail car manufacturer Alstom is carrying out investment of approximately US$25 million at its plant in the central state of Hidalgo, the company reported. The company is upgrading equipment, installations and testing track for the construction of rolling stock for the Maya Train, currently being built in southeastern Mexico. (Reforma, November 25, 2021)
  • Automotive: German electronics and engineering multinational Bosch announced plans to expand production at its manufacturing plant in the central state of Aguascalientes. The US$83 million upgrade is expected to support increased output of the company’s automotive braking system components iBooster, ABS and ESP. (Forbes México, November 24, 2021)
  • Pharmaceutical: U.S. pharmaceutical multinational Baxter inaugurated a new production line at its plant in the southern state of Morelos, the company reported. The expansion is part of a US$100 million investment through 2024 that will allow the plant to increase production of kidney treatment products for the Mexican, U.S. and Latin American markets. (Reforma, November 23, 2021)
  • Electronics: Taiwanese-owned electronics manufacturer Kemet announced plans to expand its plant in the northeastern state of Tamaulipas. The US$20 million upgrade will allow the company to increase production of capacitors used by the automotive, aerospace and medical device industries, among others. (Milenio, November 11, 2021) Continue reading Recent and upcoming investment in Mexico