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Mexico City returned to red last month on the epidemiological traffic light system, indicating saturation of hospital beds and the highest degree of restrictions on business activity and movement. The rate of increase in cases of COVID-19 is uneven across the country’s 32 states however overall the spread of the virus continues to increase rather than to decrease. Despite this, many coastal tourism zones remain in operation and received a substantial number of visitors from within Mexico as well as from the United States during the year-end holiday period. Mexico has begun to receive and distribute the U.S.-developed Pfizer-BioNTech vaccine, and plans to begin importing the Chinese CanSino vaccine in January. Continue reading Slow December as restrictions tighten
Tag Archives: meat processing
Recent and upcoming investment in Mexico
Information collected from media reports over the past month:
- Food processing: Mexican canned foods leader Grupo Herdez inaugurated a new vegetable processing plant in the western state of Sinaloa, the company reported. The US$21 million facility includes green components such as a water treatment plant, efficient water and electricity consumption technologies and a passive solar roof system. (El Financiero, February 25, 2015)
- Animal feed: U.S.-based agricultural commodity giant Cargill will invest approximately US$8 million to expand production capacity at its plant in the southern state of Puebla. Planned upgrades include a new extrusion line for commercial fish feed. (El Financiero, February 25, 2015)
- Chemicals: Mexican chemicals giant Mexichem plans investment of approximately US$200 million this year in Mexico operations, the company reported. Projects include modernization of the company’s PVC plant in the eastern state of Veracruz and electricity co-generation developments. (Finamex Casa de Bolsa Comentario de Cierre, February 26, 2015)
- Automotive: German auto maker Volkswagen announced plans to invest US$1 billion in its production plant in the southern state of Puebla. The resources are expected to increase capacity particularly for production of a sport utility vehicle (SUV) model. (El Financiero, February 20, 2015)
- Renewable energy: Cemex Energía, a newly created energy division of Mexican cement giant Cementos Mexicanos (Cemex), plans US$30 million in investment in renewable energy developments over the next five years. Projects are expected to include wind and solar generation. (El Financiero, February 20, 2015) Continue reading Recent and upcoming investment in Mexico