Tag Archives: Manufacturing

Recent and upcoming investment in Mexico

  • Electric vehicles: Evergo, subsidiary of U.S.-headquartered energy services multinational InterEnergy, announced plans to establish a network of electric vehicle charging stations in Mexico.  The US$200 million program, recently begun in Mexico City, is expected to include 4,000 chargers over the coming five years. (Forbes México, January 25, 2023)
  • Marine: Canadian recreational vehicle manufacturer BRP will establish a new production location in the northern state of Chihuahua, the company reported.  The US$165 million plant is expected to produce BRP’s Manitou Pontoon and Alumacraft model boats. (Design Development Today, January 20, 2023)
  • RFID: U.S. packaging and labels multinational Avery Dennison reported plans to construct a new production plant in the central state of Querétaro.  The US$100 million LEED-certified facility is expected to manufacture components for RFID identification systems. (Lider Empresarial, January 19, 2023)
  • Automotive: Chinese automotive component maker Yanfeng inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the state government reported.  The US$23 million facility – the company’s second in the state – is expected to produce seating for vehicle OEMs such as General Motors and Tesla. (Yahoo Finance, January 23, 2023)
  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) is projecting investment of approximately US$510 million across its 12 terminals in 2023, the company reported.  Projects include improvements to commercial spaces, parking facilities and hotel and office infrastructure as part of a planned expansion of the Guadalajara airport. (Forbes México, January 17, 2023)
  • Manufacturing: French consumer goods manufacturer BIC announced plans to establish a new production plant in the northern state of Coahuila.  The US$70 million facility is expected to produce the company’s five-blade disposable razor for export to the U.S. market. (El Economista, January 18, 2023)
  • Automotive: Germany-based energy and data management solution provider LEONI expanded its manufacturing plant in the northern state of Chihuahua.  The amount of investment was not specified for the new infrastructure, which will allow the site to increase production of high-voltage and charging cables for hybrid and electric automobiles. (El Heraldo de Chihuahua, January 20, 2023)
  • Manufacturing: Canadian materials handling equipment maker Skyjack inaugurated a new manufacturing plant in the northern state of Coahuila, the company reported.  The US$80 million site is expected to produce industrial elevated access machinery such as telehandlers and booms. (Rental Equipment Register, January 19, 2023)
  • Automotive: U.S.-owned automotive components maker Dana Cardanes inaugurated a new manufacturing plant in the central state of Querétaro.  The US$20 million addition to existing facilities is expected to produce driveshafts for vehicle OEM Toyota. (Lider Empresarial, January 18, 2023)
  • Automotive: German auto maker BMW plans to invest approximately US$870 million to establish a new manufacturing plant in the central state of San Luís Potosí, Mexican President Andrés Manuel López Obrador announced.  The site is expected to produce fully electric vehicles.  (Forbes México, January 12, 2023)
  • Confectionery: Netherlands-based confectionery multinational Perfetti Van Melle announced plans to expand its productive infrastructure in the central State of Mexico.  The anticipated US$43.5 million upgrade will allow the company to increase output of its candy and breath mint products across brands such as Mentos, Chupa Chups and Smint. (Mexico Industry, January 10, 2023)
  • Industrial automation: Chinese automation technology specialists Noah Itech initiated construction of a new manufacturing plant in the northeastern state of Nuevo León, the state government reported.  The US$100 million facility is planned to produce advanced automation equipment for the computer, communication and consumer electronics (3C) manufacturing industries in the region. (Reforma, January 6, 2023)
  • Proptech: Colombia-based proptech platform Tuhabi reported plans to invest approximately US$12 million to purchase homes in the western city of Guadalajara, Jalisco state, over the coming months.  The company is considered the first Latin American unicorn in the proptech sector. (Reforma, January 5, 2023)
  • Ports: Contecon, subsidiary of Philippines-based port management company ICTSI Group, reported plans to invest US$230 million to expand its container handling terminal at the Pacific coast port of Manzanillo.  Resources will support construction of new docks and acquisition of 13 RTG cranes and two Super Post-Panamax cranes. (Reforma, January 3, 2023)

Recent and upcoming investment in Mexico

  • Fitness: The Mexican franchise operator of U.S.-based gym chain Anytime Fitness reported plans to establish 26 new Mexico locations in 2023 via investment of approximately US$9 million.  The company currently operates 71 locations in 26 Mexican states. (Reforma, December 22, 2022)
  • Electricity: U.S. renewable energy developer Eurus Energy America inaugurated a new wind-powered electricity generation park in the northwestern state of Baja California, the company reported.  The 50 MW site includes a 10 MW battery system and will sell power directly to Mexico’s wholesale energy market. (Reforma, December 21, 2022)
  • HVAC: U.S. heating, ventilation and refrigeration products manufacturer Lennox announced plans to invest US$150 million in productive infrastructure in the northern state of Coahuila.  Resources will support additional production lines to increase output of climate control components for various industries. (Mexico Industry, December 16, 2022)
  • Automotive: Italian automotive components maker Brembo announced plans to double the size of its manufacturing plant in the northeastern state of Nuevo León in the coming year.  The amount of investment was not specified for the project, which will significantly boost production of the company’s advanced braking systems for OEMs such as Ferrari and Tesla. (Reforma, December 15, 2022)
  • Plastics: Spanish plastics and pigments maker Delta Tecnic will undertake a US$1 million upgrade to its production plant in the central state of Querétaro, the company reported.  The investment will support installation of photovoltaic panels to power production of color masterbatches and raw materials for plastics for industries including automotive, telecommunications and furniture manufacturing. (Mexico Industry, December 14, 2022)
  • Electrical components: German electrical components maker Kostal announced it will construct a new manufacturing plant in the central state of Querétaro.  Investment was not specified for the planned 441,000 sq. ft. site, which is expected to produce power electronic components for the electric vehicle market. (Kostal Group, December 14, 2022)
  • Automotive: German auto maker BMW reported investment of approximately US$40 million to expand its plant in the central state of San Luís Potosí.  The upgrade will allow the facility to boost output of the brand’s M2 sports car.  (El Economista, December 14, 2022)
  • Medical devices: U.S. medical equipment manufacturer Becton Dickinson inaugurated a new manufacturing plant in the northwestern border city of Tijuana, the company reported.  The US$38.6 million facility is expected to produce medication safety devices.  (NS Medical Devices, December 5, 2022)
  • Manufacturing: Chinese electric tool maker Ningbo Daye initiated construction of a new manufacturing plant in the northeastern state of Nuevo León, the company reported.  The US$120 million facility is expected to produce intelligent power tools for gardening and landscaping. (Inmobiliare, November 29, 2022)
  • Automotive: Irish industrial components maker Mergon inaugurated a US$15 million manufacturing plant in the northern state of Coahuila, the company reported.  Expansion is already planned for the site which is expected to produce automotive air management systems. (Milenio, December 1, 2022)
  • Real estate: Mexican resort developer Grupo Pueblo Bonito announced plans to construct a residential and lodging complex in the tourism city of San Miguel de Allende, in the central state of Guanajuato.  The US$73 million site is expected to include a 111-room hotel as well as luxury apartments and homes. (Reforma, December 1, 2022)

Recent and upcoming investment in Mexico

  • Metal forming: Mexican metal forming company Falcon Sheet Metal Industries inaugurated a new production plant in the central state of Guanajuato, the company reported.  The US$10 million facility is expected to produce steel and aluminum parts for the regional automotive industry. (Modern machine Shop, November 30, 2022)
  • Medical devices: U.S. medical device maker Gilero inaugurated a new production facility in the northwestern border city of Tijuana, the company reported.  The US$2.5 million site is planned to provide design, development and contract manufacturing services for medical and drug delivery devices. (Mexico Industry, November 29, 2022)
  • Supply chain: U.S. industrial conglomerate Honeywell announced a US$3 million expansion of its Global Supply Chain Center of Excellence in the northeastern state of Nuevo León.  The site reportedly provides strategic planning for the company’s global production and supply chain operations. (Inmobiliare, November 23, 2022)
  • Manufacturing: Chinese electric tool maker Daya initiated construction of a new production plant in the northeastern state of Nuevo León.  The US$120 million facility is expected to produce equipment such as lawn mowers, grass trimmers and leaf blowers beginning in the third quarter of 2023. (Government of Nuevo León, November 28, 2022)
  • Mining: Mexican mining company Minera Autlán reported plans to invest US$50 million to install a new ferroalloys furnace at its plant in the eastern Gulf state of Veracruz to supply the steel industry.  The company is also studying the possibility of supplying manganese to the automotive battery manufacturing industry. (Reforma, November 22, 2022)
  • Manufacturing: Spanish engineering and electronics multinational Tempel Group inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported.  Investment was not specified for the site, which will design, produce and distribute racks for electronic equipment principally for the energy industry. (Tempel Group, November 21, 2022)
  • Agricultural machinery: U.S. heavy equipment manufacturer John Deere announced plans to expand its plant in the northeastern state of Nuevo León.  The US$55 million upgrade will include two new lines expected to produce skid steer loaders and mower conditioners beginning in 2023. (State of Nuevo León, November 18, 2022)
  • Retail: U.S.-based grocery and general merchandise retailer H-E-B announced a US$12.8 million investment program for Mexico operations through 2023.  Plans include opening five new stores and remodeling another 15 sales locations throughout the country. (El Financiero, November 17, 2022)
  • Construction materials: Swiss construction finishings maker Rehau began building a new manufacturing plant in the central state of Guanajuato, the company reported.  The US$25 million site is planned to produce t-moldings and edge covers for the furniture industry. (Mexico Industry, November 16, 2022)
  • Electric parts: Taiwanese electric components maker Etron Technology inaugurated a new manufacturing plant in the northeastern state of Nuevo León.  The facility, expected to produce electric switches, represents investment of US$5 million with potential for another US$15 million to expand the site, the company reported. (El Norte, November 7, 2022)
  • Retail: U.S.-based DIY and hardware retailer The Home Depot inaugurated two new stores in the states of Jalisco and Nuevo León, the company reported.  The US$38.5 million expansion is part of the chain’s plans to reach 150 stores in Mexico in the coming years. (Líder Empresarial, November 18, 2022)
  • Automotive: Canadian automotive components maker Martinrea announced plans to expand its manufacturing plant in the central state of Querétaro.  The US$37 million upgrade is expected to boost production of parts including suspension subframes, engine blocks and transmission housings. (Mexico Industry, November 11, 2022)
  • Rail freight: Mexican rail freight operator Ferromex, subsidiary of Grupo Mexico Transportes, is completing construction on a new intermodal freight terminal near the Pacific coast port of Manzanillo, the company reported.  The US$29 million site is intended to increase capacity for rail freight distribution from the port to other regions of Mexico. (Reforma, November 3, 2022)
  • Automotive: U.S. auto parts manufacturer Maval inaugurated a new manufacturing plant in the northeastern border city of Nuevo Laredo, state of Tamaulipas, the company reported.  The US$2 million initial production space is expected to turn out pumps and gears for power steering systems. (Mexico Industry, November 16, 2022)
  • Manufacturing: Japanese electric motor manufacturer Nidec initiated operations at a new production plant in the northeastern state of Nuevo León.  The US$18.6 million site is expected to produce power conversion equipment such as electric drives and motors for industrial applications. (El Norte, November 7, 2022)
  • Automotive: U.S. automotive multinational Ford inaugurated a new research and innovation center in the central State of Mexico.  The US$260 million facility includes cutting-edge design and engineering laboratories as well as administrative offices.  (Reforma, November 2, 2022)