Tag Archives: Logistics

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)

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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

Recent and upcoming investment in Mexico

ECONOMY AND INDUSTRY

  • Revenue from international tourism to Mexico jumped 256% in August with respect to the same month in 2020, according to data from the National Statistics Institute (INEGI). Nonetheless, income from international tourism remained 6.9% below the level registered in the same month of 2019. (Citibanamex Reporte Económico Diario, October 11, 2021)
  • Mexico’s inflation rate through September as measured by the National Consumer Price Index (INPC) is 6.0%, Citibank subsidiary Citibanamex reported. The bank projects final 2021 inflation to reach 6.4%. (Citibanamex Estudios Económicos, October 7, 2021)
  • Remittances to Mexico from abroad continued their remarkable performance in August, registering an increase of 32.7% over the same month the previous year, according to central bank Banco de México (Banxico) data. The value of remittances is running approximately 25% ahead of 2020 through the first eight months of this year. (El Financiero, October 1, 2021)

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