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Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Infrastructure: Mexican President Enrique Peña Nieto presented the National Infrastructure Program for his six-year administration this month.  The plan calls for approximately US$587 billion in earmarked spending, with major financing coming for gas pipeline construction, fiber optic network expansion and high-speed passenger train lines, among other projects. (El Financiero, April 29, 2014)
  • Wind power: Mexican mining firm Peñoles and Spanish renewable energy developer EDP Renováveis announced they will jointly construct a wind power generation park in the northern state of Coahuila.  The facility is projected to have installed capacity of 180 MW and will provide power for Peñoles’ internal needs.  The amount of investment was not specified. (El Financiero, April 28, 2014)
  • Packaging: Swedish-Swiss packaging manufacturer Tetra Pak plans expansion of its production plant in the central state of Querétaro at a cost of approximately US$100 million.  Upgrades will focus on boosting lamination capacity in the face of annual growth of over 4% in the company’s Mexico market. (El Economista, April 20, 2014)
  • Retail: Mexican appliance and general merchandise retailer Coppel is estimating its 2014 investment at approximately US$175 million to expand its footprint.  The chain’s plans include opening 110 new retail locations. (El Financiero, April 11, 2014)
  • Automotive: Mexican industrial park developer Vesta acquired land in the central state of Tlaxcala to build a new manufacturing park for the automotive industry.  The US$22 million complex is intended to serve suppliers to a new OEM plant for German auto maker Audi projected to start production in 2016 in the nearby state of Puebla. (Vesta, April 9, 2014) Continue reading Recent and upcoming investment in Mexico