Pharmaceutical: French pharmaceutical multinational Sanofi plans investment of approximately US$17.5 million in Mexico research and development during the current year, local media reported. Resources are expected to support clinical studies and therapy development related to diabetes and heart disease, among other applications. (Reforma, February 28, 2023)
Retail: Mexican diversified corporate group Fomento Económico Mexicano (FEMSA) is projecting investment of approximately US$1.5 billion throughout Latin America during the current year, the company reported. Plans for Mexico include opening between 800 and 1,000 new locations of its Oxxo convenience store. (Reforma, February 24, 2023)
Information Technology: Mexican information technology infrastructure provider KIO Networks announced plans to construct a new data center in the central state of Querétaro. The US$400 million facility will serve as a 270,000 sq. ft. extension to an existing center at the site. (Mexico Industry, February 24, 2023)
Automotive: German auto parts maker ZF Group plans to invest US$255 million to upgrade its infrastructure in the central state of Querétaro, the state government reported. Projects include a new distribution center and expansion of an existing manufacturing plant to produce power steering components and integrated brake controls. (Mexico Industry, February 23, 2023)
Commercial real estate: Mexican real estate developer Wolstrat reported plans to build a large-scale mixed-use complex in the central state of Querétaro via investment of US$25 million in the initial phase. The site is expected to include four residential apartment towers and and an upscale shopping center. (Reforma, February 20, 2023)
Retail: Mexican grocery and general merchandise retailer Grupo Chedraui plans to open 60 new stores in Mexico and four in the United States during the current year, the Mexican Real Estate Developers Association (ADI) reported. Investment was not specified for the program, of which 50 Mexican locations are expected to be under the chain’s small-footprint Supercito format, and three of the U.S. stores will be under the Smart & Final brand. (Retailers.mx, February 16, 2023)
Leisure: U.S.-based soccer training center operator TOCA Football plans to establish entertainment centers in Mexico in partnership with Mexican theme park operator Ventura Entertainment, local media reported. The US$100 million venture is expected to include seven soccer-themed entertainment centers by 2026. (Reforma, February 15, 2023)
Industrial parks: Mexican commercial real estate developer Fondo Inmobiliario Meor has completed construction of a new industrial park in the northeastern state of Nuevo León, local media reported. The US$15 million site plans to host new arrivals from the automotive, logistics and manufacturing industries attracted by the current nearshoring trend. (Reforma, February 15, 2023)
Food & beverage: Mexican beverage bottler and savory snack maker Arca Continental reported investment plans totaling at least US$623 million for the current year. The company expects to invest heavily in digital technology for operational applications. (Reforma, February 14, 2023)
Shopping malls: U.S.-Mexican development group MRP will build a new shopping center in the central state of Aguascalientes, the Mexican Association of Real Estate Developers (ADI) reported. The US$15 million complex is planned to be anchored by a leading department store and include movie theaters. (Retailers.mx, February 9, 2023)
Industrial parks: Mexican commercial real estate developer American Industries plans investment of approximately US$150 million to expand its industrial space in the northern states of Chihuahua and Nuevo León this year, local media reported. The company is seeking to take advantage of the nearshoring trend as multinationals move operations to Mexico to serve the U.S. and Latin American markets. (El Heraldo de Chihuahua, February 6, 2023)
Recreation: Mexican real estate developer Thor Urbana has begun construction on a theme park in Mexico City based on the country’s history and culture, the Mexican Association of Real Estate Developers (ADI) reported. The US$182 million complex is expected to include museums, a venue for cultural events, a children’s games area, a ferris wheel and other mechanical rides. (Retailers.mx, February 9, 2023)
Solar power: Chinese-Mexican photovoltaic panel maker Solarever inaugurated its tenth Mexico distribution center in the northwestern border city of Tijuana, the company reported. The site is expected to provide Tier 1 photovoltaic (PV) technology to industrial clients in the Tijuana-Mexicali-Ensenada region. (Energía a Debate, February 9, 2023)
Personal care: British consumer goods multinational Unilever announced plans to construct a new manufacturing plant in the northeastern state of Nuevo León. The US$400 million factory is expected to produce cosmetics and skin care products among other personal care items. (Reforma, February 8, 2023)
Food processing: Mexican multinational food processing giant Grupo Bimbo announced a US$50 million expansion planned for its manufacturing plant in Mexico City. The upgrade will include a new production line to increase output of the company’s signature baked goods. (Reforma, February 6, 2023)
Logistics: Mexican laboratory equipment and materials distributor El Crisol inaugurated a new distribution center in the central state of Querétaro, the company reported. The US$16 million facility is equipped to handle refrigerated, frozen and ultra-frozen materials. (Noticias de Querétaro, January 30, 2023)
Solar power: Mexico’s national electricity utility the Federal Electricity Commission (CFE) plans to inaugurate the first phase of a large-scale solar electricity generation site in the northwestern state of Sonora in April 2023, federal authorities reported. The full project is projected to cost approximately US$1.6 billion and achieve 1,000 MW of generation capacity. (Directorio Industria Energética Mexicana, February 3, 2023)
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)
Logistics: Mexican upscale department store chain and mall operator Liverpool inaugurated a major new distribution center in the central State of Mexico. The first stage of the planned US$1.2 billion Plataforma Logística Arco Norte (PLAN) is expected to double the company’s existing capacity for receiving, warehousing and shipping products throughout the country. (Reforma, October 27, 2022)
Food processing: U.S. food processor Del Monte Foods announced a major expansion of its plant in the northeastern state of Nuevo León. The US$30 million upgrade is planned to boost processing capacity of fruit and juices for export to the United States, China, Japan and South Korea. (Reforma, October 24, 2022)
Automotive: German automotive components manufacturer Standard Profil inaugurated a new production plant in the central state of Guanajuato. The US$9.8 million facility is expected to produce sealing systems for electric vehicles of automotive OEMs such as Ford, Tesla, Rivian, Audi and Volvo. (Cluster Industrial, October 20, 2022)
Manufacturing: Chinese HVAC manufacturer Sanhua inaugurated a new production plant in the northern state of Coahuila, the state government reported. The US$35 million site is planned to produce components for refrigeration and air conditioning systems. (Milenio, October 19, 2022)
Refrigeration: Danish heating and cooling equipment maker Danfoss inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported. Investment was not specified for the new facility, which is expected to produce components for heat exchangers used in industrial refrigeration. (Milenio, October 19, 2022)
Automotive: German auto maker Volkswagen is projecting investment of approximately US$763 million through 2025 to modernize its manufacturing plant in the southern state of Puebla. Plans include a new all-electric painting unit powered by wind-generated electricity. (Reforma, October 28, 2022)
Commercial real estate: Mexican commercial real estate developer Grupo Murano inaugurated a new hotel and retail complex in central Mexico City. The US$150 million site is part of an investment program that includes hotels planned for the coastal cities of Cancun and Ensenada under the AM Resorts brand. (Reforma, October 25, 2022)
Railroads: Mexican rail freight operator Ferromex, subsidiary of Grupo Mexico Transportes, plans investment of approximately US$470 million in 2023, the company reported. Resources are expected to support acquisition of new railroad equipment, expansion of operations and technology upgrades. (Reforma, October 27, 2022)
Manufacturing: U.S.-based bedding products multinational Tempur Sealy reported plans to expand its mattress manufacturing plant in the central State of Mexico. The US$3.5 million upgrade includes the addition of loading docks and expansion of production facilities. (Forbes, October 19, 2022)
Automotive: Portuguese automotive components multinational Sodecia announced it will expand operations at its manufacturing plant in the northern state of Coahuila. A US$36 million upgrade is expected to add automation technology including hot stamping to increase the range of auto body parts produced at the site. (Mexico Industry, October 13, 2022)
Logistics: U.S. e-commerce giant Amazon inaugurated a new shipping center in the northeastern state of Nuevo León, the state government reported. The 225,000 sq. ft. facility is part of the company’s current US$75 million investment program in the state. (Government of Nuevo León, October 13, 2022)
Chemicals: Swiss chemical ingredients maker Givaudan inaugurated an expansion of its Flavors and Wellness production plant in the central state of Morelos. The US$7.7 million upgrade includes new quality control laboratories and administrative facilities. (Mexico Industry, October 12, 2022)
Electronics: U.S. semiconductor manufacturer Vishay Intertechnology inaugurated a new production plant in the northern border city of Ciudad Juárez, the Chihuahua state government reported. The US$23 million facility is expected to produce resistors for industrial and consumer products. (Solili, October 12, 2022)
Retail: U.S.-based DIY and hardware retailer The Home Depot inaugurated a new retail location in the northeastern industrial city of Monterrey via investment of approximately US$30 million, the company reported. The Home Depot’s investment plans also include a US$50 million multi-channel distribution center in Nuevo León, a new logistics hub and additional stores. (América Retail, October 11, 2022)
Manufacturing: Chinese machinery manufacturer BUT Construction Machinery established a new production plant in the northeastern state of Nuevo León, the state government reported. The US$20 million site is planned to produce excavator parts and hydraulic clamps. (Somos Industria, October 2022)
Casual dining: Canadian coffee and fast-food chain Tim Hortons announced planned investment of US$30 million to open 50 locations in the central state of Querétaro. The company also reported plans to establish points of sale in Walmart and Sam’s Club stores in Mexico. (Mexico Industry, October 10, 2022)
Automotive: Korean automotive electronics maker HL Klemove reported plans to establish a new manufacturing plant in the northern state of Coahuila. The US$65 million facility is expected to produce electric vehicle components such as cameras, radar and domain controllers (DCU) for OEMs such as Hyundai and Kia. (Somos Industria, October 2022)
Metal finishing: Turkish metal finishing technology manufacturer BOCE Industrial Systems inaugurated an industrial plant in the central state of Querétaro at an estimated cost of US$1.5 million. The site is expected to produce automatic surface treatment and electro-plating lines for anti-corrosion, decorative or functional applications. (Radio Fórmula, October 2, 2022)
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