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- Telecommunications: Canadian telecommunications equipment developer EXFO announced plans to establish a new operations center in the central state of Querétaro. The US$7.5 million facility is expected to produce fiber optic test equipment and develop solutions for mobile networks. (El Economista, June 21, 2022)
- Brewing: Netherlands-based beer brewer Heineken will construct a new can manufacturing plant near the site of its brewery in the northern state of Chihuahua, the company reported. The US$90 million facility will seek aluminum suppliers with demonstrated commitment to reducing carbon emissions, according to Heineken. (Milenio, June 27, 2022)
- Construction materials: Mexican construction finishings manufacturer Cesantoni invested approximately US$53 million to expand its production site in the northern state of Zacatecas, the company reported. Resources will allow the company to double the plant’s output of floor tiles and ceramic coverings for export to the U.S. and Latin America. (Líder Empresarial, June 24, 2022)
- Logistics: U.S. e-commerce giant Amazon inaugurated a new shipping center in the central state of Guanajuato, the company announced. Investment was not specified for the site, which the company reports will allow for same-day deliveries in the region. (Milenio, June 21, 2022)
- Automotive: Japanese automotive components manufacturer Jarco announced it will establish a new production plant in the central state of Aguascalientes. The US$30 million facility is expected to produce fuel-saving AXO transmissions for the nearby Nissan plant and other regional automotive OEMs. (Reforma, June 21, 2022)
Tag Archives: Telecommunications
Recent and upcoming investment in Mexico
- Airports: Mexican airport operator Grupo Aeroportuario del Centro Norte (OMA) is projecting investment of approximately US$600 million in operational upgrades over the next five years, the company reported. Projects include a 50% expansion of capacity at the Monterrey airport as well as construction of a regional air traffic control center. (Reforma, February 28, 2022)
- E-commerce: Argentinian e-commerce portal MercadoLibre reported plans for investment in excess of US$1 billion this year in Mexico operations. Areas slated for upgrades and expansion include technology innovation, logistics operations and extension of financial services to underserved populations. (Reforma, February 24, 2022)
- Call centers: Mexican contact center operator Pentafon plans US$4 million in investment this year to support sales growth projected at 35%, the company reported. Resources will support automation, infrastructure upgrades and artificial intelligence technology, among other areas. (Reforma, February 23, 2022)
- Telecommunications: Mexican telecommunications infrastructure company Neutral Networks reported plans to install some 800 miles (1,300 km) of fiber optic cable through northern Mexico over the next three years. The US$62 million project is expected to stretch from Laredo, Texas to Mexico City and provide connectivity to operators and service providers for the manufacturing, trade and financial services sectors. (MSN, February 15, 2022)
- Steel: Steel producer Ternium, subsidiary of Italian-Argentinian steel and energy conglomerate Techint, will invest approximately US$50 million to expand its plant in the northeastern state of Nuevo León, the Mexican government reported. The facility supplies steel products to regional industry including the automotive sector. (Forbes, February 15, 2022)
Recent and upcoming investment in Mexico
COVID-19
During July the third wave of COVID-19 infections has accelerated in Mexico and the level of restrictions on mobility and business activities has increased. One state returned to red, the highest level on the epidemiological traffic light system, and the number of states at the second highest level, orange, jumped from one to five. The alert level in Mexico City continues to rise, going from green to yellow to orange since early June. Nonetheless, the Health Ministry (Secretaría de Salud) has expressed reluctance to place strict restrictions on business and mobility in order to allow the economy to function.
ECONOMY AND INDUSTRY
- Mexico’s exports of auto parts grew by an annualized rate of 22.5% through the first four months of this year, according to Economy Ministry data. Industry analysts cited increased regional content requirements under the new USMCA trade agreement as boosting exports to the United States and Canada. (El Financiero, July 19, 2021)
- Same-store retail sales in June rose 14.4% with respect to the same month last year, the National Retailers Association (ANTAD) reported. Monthly year-on-year retail sales data continue to reflect the impact of store closings in 2020 due to the COVID-19 pandemic. (Citibanamex Reporte Económico Diario, July 13, 2021)
- In May, a record number of visitors from the United States arrived by air in Mexico, according to the Anahuac Tourism Research Center (Cicotur). The 970,000 air passengers from the U.S. during the month exceeds the number for the same month in 2019, before the start of the COVID-19 pandemic. (Reforma, July 6, 2021)