Tag Archives: medical devices

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)

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Recycling: Mexican beverage bottler and retail group Fomento Económico Mexicano (FEMSA) inaugurated a US$1 million recycling plant in the central state of Querétaro, local media reported. The facility will be used to break down obsolete refrigeration equipment to re-use components as well as dispose of materials in an environmentally responsible manner. (El Mexicano, November 28, 2019)
  • Ports: British-owned port developer Caxxor reported plans to invest approximately US$230 million in expansions at the Port of Veracruz on the Gulf of Mexico. The initiative is part of a larger US$944 million program that includes dock and warehousing upgrades to Puerto Chiapas and a gas storage terminal at the port of Soto la Marina, according to local media. (Transporte.mx, November 19, 2019)
  • Manufacturing: U.S. generator manufacturer Generac Power Systems will establish a new production facility in the central state of Hidalgo, the company reported. The US$31 million plant is planned to produce diesel and gasoline powered mobile electricity generators. (El Financiero, November 25, 2019)
  • Renewable energy: Mexican energy infrastructure developer Natco energy announced it will build three wind farms and one solar generation park over the next two years. Investment of approximately US$634 million will support construction of 508 MW of new generation capacity at sites in the states of Nuevo León and Guanajuato. (Reforma, November 20, 2019)
  • Medical devices: German medical device manufacturer B Braun established a new distribution center in the central State of Mexico, the company reported. The US$5.6 million site is planned to improve shipping of osteosynthesis instruments produced at the company’s plant in the city of Toluca. (Reforma, November 21, 2019) Continue reading Recent and upcoming investment in Mexico