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- 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)
Tag Archives: Plastics
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
Recent and upcoming investment in Mexico
ECONOMY AND INDUSTRY
- Canadian rail operator Canadian Pacific Railway reached agreement to acquire U.S.-owned carrier Kansas City Southern in a widely reported deal. The acquisition will create the first direct freight railway linking the three members of the USMCA North American free trade zone. (Reuters, September 15, 2021)
- The Mexican subsidiary of Spanish bank BBVA raised its growth projection for the Mexican construction industry to 9% in 2021. BBVA Mexico’s head economist underscored however that the strong growth comes with respect to the sharp downturn in 2020 and should not be interpreted as full recovery for the sector. (Milenio, September 13, 2021)
- Mexico became the world’s eighth largest exporter of food and agriculture products in 2020, the World Trade Organization reported. The country’s US$41 billion in agri-food exports were led by products such as beer, avocados, tequila, tomatoes and peppers. (El Economista, September 2, 2021). (La Jornada, August 18, 2021)