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- Steel: Mexican steel products maker Deacero reported plans to invest approximately US$600 million to expand operations through 2024. Resources will support acquisition of new machinery and equipment, improved sustainability practices and increased production capacity to serve increasing demand from “nearshoring” manufacturing operations in Mexico. (Reforma, September 26, 2022)
- Electrical: U.S. electrical products developer Panduit inaugurated a new manufacturing plant in the northeastern state of Nuevo León. The amount of investment was not specified for the site, which is expected to produce make-to-order (MTO) electrical and network infrastructure components for regional industries. (Government of Nuevo León, September 28, 2022)
- Metal machining: Japanese-owned industrial components maker Sumitomo Drive Technologies inaugurated a new manufacturing plant in the northeastern state of Nuevo León, the company reported. The US$12 million facility includes machining centers to produce metal components for power transmission equipment. (Mexico Industry, September 9, 2022)
- Batteries: Chinese-Mexican photovoltaic panel maker Solarever announced projected investment of US$1 billion to establish a new manufacturing plant in the western state of Jalisco. The new facility is planned to produce batteries for electric vehicles. (El Economista, September 12, 2022)
- Food processing: U.S. confectionery and baked goods producer Hershey reported plans to expand manufacturing operations at its plant in the northeastern state of Nuevo León. The US$90 million upgrade is expected to include two new advanced-technology production lines to boost output of the over 300 Hershey’s products made at the site. (Inmobiliare, September 9, 2022)
Tag Archives: Steel
Recent and upcoming investment in Mexico
- Automotive: Mexican security technology company Wtech announced plans to build an automotive manufacturing plant in the western state of Jalisco. The US$180 million factory is intended to produce electric passenger transport vehicles for Korean automotive OEM KIA, in addition to tactical military vehicles. (Reforma, May 26, 2022)
- Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) initiated a US$32 million expansion of its airport at the northwestern city of Culiacán, the company reported. The upgrade is planned to double the site’s operating capacity by adding new check-in counters, self-check-in kiosks, additional seating in waiting areas, four new boarding gates and an expanded passenger services area. (Reforma, May 25, 2022)
- Industrial parks: Mexican commercial real estate developer Meor reported plans to invest approximately US$190 million through the end of next year. Projects include approximately 120 hectares (300 acres) in new industrial park infrastructure. (Reforma, May 19, 2022)
- Funeral homes: Spanish funeral services provider Grupo Funerario Castell entered the Mexican market, investing US$2.5 million to open its first location in the country. Castell plans to expand to three locations in the greater Mexico City area by the end of this year, the company reported. (Reforma, May 16, 20222)
- Retail: S. home goods retailer Bed, Bath & Beyond opened a new store in the central state of Querétaro at a cost of approximately US$3 million, the company reported. The chain currently operates 12 stores in Mexico and plans to add 30 to 40 new sales locations in the country over the next seven years. (Reforma, May 5, 2022)
Recent and upcoming investment in Mexico
- Logistics: Mexican 3PL services provider Solistica, subsidiary of diversified corporate group FEMSA, inaugurated a new distribution center in the northeastern state of Nuevo León, the company reported. The site is part of US$50 million in investment planned for the current year, in areas including expansion of infrastructure, transport, distribution centers, warehousing and systems technology. (Reforma, March 29, 2022)
- Manufacturing: U.S. home appliance manufacturer Whirlpool announced investment of US$30 million across various manufacturing sites in Mexico to increase production capacity. The company produces products such as refrigerators, ovens and washing machines at five plants in the country. (Reforma, March 28, 2022)
- E-commerce: Mexican furniture retailer Muebles Dico launched an on-line marketplace called TodoMuebles to sell the company’s own products in addition to those of other small businesses. The new e-commerce site offers furniture as well as products for home decor, kitchen, lighting, office, children, and accessories. (Reforma, March 25, 2022)
- Airports: Mexican airport operator Grupo Aeroportuario Centro Norte (OMA) reported it will invest an unspecified amount to convert its airport in the northeastern industrial city of Monterrey into a hub for international flights. Plans include construction of a new air traffic control center and control tower. (Reforma, March 21, 2022)
- Steel: Mexican steel products maker Deacero announced plans to construct a new manufacturing plant in the northern state of Coahuila. The US$21 million site is expected to produce raw and galvanized steel beams for the electricity, telecommunications, oil and gas industries. (El Financiero, March 17, 2022)