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Recent and upcoming investment in Mexico

  • Airports: Mexican airport operator Grupo Aeroportuario del Pacífico (GAP) initiated works to expand and upgrade the company’s international airport at the Pacific coast resort city of Puerto Vallarta. The US$350 million program will include a new passenger terminal, eight new telescopic jetways and emissions reducing technology, the company reported. (Reforma, August 30, 2022)
  • Coatings: U.S. based PPG Industries, owner of Mexico’s Comex paint brand, announced plans to upgrade its production plant in the central state of Querétaro. The US$11 million improvement program is expected to double output of powder coatings at the facility. (Diario de Querétaro, August 24, 2022)
  • Aerospace: European aerospace manufacturer Airbus reported plans to expand production at its plant in the central state of Querétaro. Investment was not specified for the program, which is expected to increase output of doors for A320 and A321 aircraft by 12% through 2026. (Reforma, August 30, 2022)
  • Food processing: Swiss processed foods giant Nestlé is projecting investment of approximately US$128 million to modernize production plants in the central state of Querétaro, the state government reported. The upgrades are expected to include software systems as well as technologies to improve water and energy efficiency and reduce carbon emissions. (El Economista, August 28, 2022)
  • Automotive: French metal components multinational Le Bélier inaugurated a new production plant in the central state of Guanajuato, the company reported. The US$102 million site is expected to manufacture cast aluminum components for the automotive and aerospace industries. (Reforma, August 25, 2022)

Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the last month:

  • Manufacturing: Chinese-owned tool maker Milwaukee Tool announced it will establish a new production plant in the northern state of Coahuila via investment of US$86 million. The company manufactures power tools such as drills, saws, grinders and related products. (El Financiero, August 29, 2019)
  • Energy: Spanish energy multinational Iberdrola will construct two new electricity generation facilities at a combined cost of US$750 million, the company reported. The combined cycle plant in the Gulf coast state of Veracruz and the wind park in the eastern state of Puebla are projected to provide capacity of 1,700 MW. (Reforma, August 22, 2019)
  • Fertilizer: Swiss petrochemical products multinational Proman will move forward to construct an ammonia fertilizer production plant in the northwest state of Sinaloa, the company reported. The US$1.25 billion complex is projected to produce 800,000 tons of agricultural fertilizer annually beginning in 2022, for both the domestic and export markets. (El Financiero, August 14, 2019)
  • Personal care: Brazilian cosmetics multinational Natura constructed a new distribution center in the central State of Mexico at a cost of US$10 million, the company reported. The site is planned to have capacity to process 1,300 orders per hour. (El Financiero, August 15, 2019)
  • Logistics: German logistics multinational DHL announced it will invest US$300 million in Mexico though 2024 to handle booming e-commerce shipping demand. Resources will support operational areas such as retail services, security, technology systems, equipment and general package handling capacity. (El Financiero, August 14, 2019) Continue reading Recent and upcoming investment in Mexico

Recent and upcoming investment in Mexico

Information collected from media reports over the past month:

  • Steel: South Korean steel processor POSCO inaugurated a major expansion of its manufacturing facility in the the northeastern state of Tamaulipas.  The US$300 million project will boost production of galvanized steel sheeting for the regional automitive industry. (El Sol de Tampico, January 27, 2014)
  • Personal care: Swedish personal care products manufacturer SCA established a new distribution center in the central state of Hidalgo via investment of US$10 million, the company reported.  SCA is a leader in the Mexican market for absorbent pads for personal hygiene. (El Financiero, January 24, 2014)
  • Energy: Oil drilling contractor Perforadora México, a subsidiary of Mexican extractive industries conglomerate Grupo México, will invest US$400 million to install four new drilling platforms in shallow and medium depth waters of the Gulf of Mexico.  The rigs will provide drilling services for state-owned oil and gas monopoly Petroleos Mexicanos (Pemex). (Reforma, January 27, 2014)
  • Food processing: U.S. snacks maker Pepsico announced planned investment of US$5 billion in Mexico over the next five years to boost production and strengthen local sourcing of raw materials, while Swiss processed foods giant Nestlé announced investment of US$1 billion in Mexico to open two new production plants and upgrade technology at existing sites.  The announcements were made in the context of the World Economic Forum in Davos, Switzerland. (El Financiero, January 24, 2014)
  • Information technology: U.S.-based network technology multinational Cisco Systems will invest approximately US$1.35 billion in its Mexico operations in 2014.  Planned projects include a new support center in Mexico City and expanded production of advanced technology products, the company reported. (El Financiero, January 24, 2014)
  • Automotive: German auto parts maker Ronal Group will establish a manufacturing plant in the northeastern state of San Luís Potosí, the state government reported.  The US$125 million site is planned to produce alloy wheels for regional OEMs such as Volkswagen, Audi, Mercedes Benz, BMW and General Motors. (Reforma, January 21, 2014) Continue reading Recent and upcoming investment in Mexico