Information collected from media reports over the past month:
- Food processing: Mexican meat processor SuKarne initiated construction of a new beef processing plant at a total cost of US$110 million. Plans for the facility include the addition of a 70,000-head feedlot in the future. (Meat & poultry, February 24, 2012)
- Manufacturing: American medical device manufacturer Welch Allyn inaugurated a major expansion of its Tijuana production plant. The infrastructure upgrade, which required investment of US$7.4 million, will allow the facility to boost production of medical thermometers. (Siglo 21 Periódico Industrial, January 30, 2012)
- Pharmaceutical: Mexican pharmaceutical and cosmetics manufacturer Genomma Lab announced it will invest US$23 – 30 million in research and development of new products this year. The fast growing company was founded in 1996 and now exports to over 30 countries. (El Financiero, January 27, 2012)
- Hospitality: Mexican hotel operator Hoteles City plans to open 14 new locations in Mexico and one in Costa Rica this year. The chain intends to seek LEED certification for 10 of its units already in operation. (El Financiero, January 30, 2012)
- Automotive: Ford Motor Co.’s Mexican subsidiary will invest approximately US$1.5 billion in expansion and upgrades at its manufacturing plant in the northern city of Hermosillo in 2012. Plans include a new diesel motor production facility and an engineering center. (El Financiero, January 30, 2012) Continue reading Recent and upcoming investment
Reports on some recent and upcoming investment collected from the local business media:
- Real Estate: Mexican real estate developer Marhnos announced plans to build up to five office towers in Mexico City over the next five years. The company is projecting investment of approximately US$1.5 billion in the projects, which will be carried out in alliance with New York-based developers Turner International.
- Apparel: Sports apparel and footwear maker Grupo Charly is manufacturing in Mexico again after an absence of six years. The Mexican company offshored the last of its domestic production to Asia in 2004, but began to move some manufacturing back home last year to improve delivery times. They project ramping up Mexico production to 600,000 pairs of sports shoes over the next three years.
- Automotive: Nissan Mexicana has reported plans to invest US$600 million at its plant in Aguascalientes, Mexico, to manufacture a new model car. The auto maker plans to build 50,000 units annually of the new model, which will include 75% components from domestic suppliers.
- IT: Mexico’s top telco Telmex announced it will significantly expand its Triara Data Center over the coming two years. The US$100 million facility provides integrated hosting services, data storage, backup and connectivity solutions to domestic and international corporate clients as well as government agencies.
- Automotive: U.S. truck maker Navistar announced its Mexican subsidiary Navistar Mexico will increase production by 50% by the end of the current year. The company’s US$250 million facility in Escobedo, Nuevo Leon is the largest truck and bus chassis manufacturing plant in Latin America. Continue reading Recent and upcoming investment