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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

  • Telecommunications: Canadian telecommunications equipment developer EXFO announced plans to establish a new operations center in the central state of Querétaro. The US$7.5 million facility is expected to produce fiber optic test equipment and develop solutions for mobile networks. (El Economista, June 21, 2022)
  • Brewing: Netherlands-based beer brewer Heineken will construct a new can manufacturing plant near the site of its brewery in the northern state of Chihuahua, the company reported. The US$90 million facility will seek aluminum suppliers with demonstrated commitment to reducing carbon emissions, according to Heineken. (Milenio, June 27, 2022)
  • Construction materials: Mexican construction finishings manufacturer Cesantoni invested approximately US$53 million to expand its production site in the northern state of Zacatecas, the company reported. Resources will allow the company to double the plant’s output of floor tiles and ceramic coverings for export to the U.S. and Latin America. (Líder Empresarial, June 24, 2022)
  • Logistics: U.S. e-commerce giant Amazon inaugurated a new shipping center in the central state of Guanajuato, the company announced. Investment was not specified for the site, which the company reports will allow for same-day deliveries in the region. (Milenio, June 21, 2022)
  • Automotive: Japanese automotive components manufacturer Jarco announced it will establish a new production plant in the central state of Aguascalientes. The US$30 million facility is expected to produce fuel-saving AXO transmissions for the nearby Nissan plant and other regional automotive OEMs. (Reforma, June 21, 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