Recent and upcoming investment in Mexico ? Mexico Business Blog

Information collected from media reports over the past month:

• Real estate: Mexican commercial real estate developer Grupo Gigante is preparing investment in new developments in excess of US$800 million, the company reported.? The new developments include two shopping malls in Guadalajara and two housing developments in Mexico City, among others. (Reforma, October 2, 2012)
• Automotive: Mexican auto parts manufacturer Nemak revealed investment of approximately US$230 million this year in new plants, expansions and other infrastructure.? The company reported that strong demand from Audi and Ford is driving growth in its operations in Mexico and China. (Reforma, October 2, 2012)
• Retail: U.S. grocery and general merchandise retailer H.E.B. reported it plans to invest approximately US$60 million to open 4-5 new stores in northeastern Mexico next year.? Resources will also be channeled into remodeling existing retail locations. (Reforma, October 4, 2012)
• Electronics: U.S. electronics manufacturer Plantronics plans investment of up to US$50 million to consolidate its operations in the northern city of Tijuana.? The manufacturer of communications headsets plans to move design and production activities into a new, solar-powered corporate center in the border city. (El Financiero, October 10, 2012)
• Mining: Operations got underway at the first manganese mine in the northern state of Zacatecas, following a joint investment by Mexican and Chinese investors.? Capital to initiate exploitation of the manganese deposits was provided by Chinese investors identified as China Yunnan Metal Company.? Production is intended for export to China. (El Financiero, October 9, 2012)
• Solar energy: Swiss power and automation technology giant ABB opened a solar power generation park in the central state of San Lu?s Potos?.? The plant is planned to have a generation capacity of 1.2 MW and required investment estimated at approximately US3.6 million. (Greentech Lead, October 5, 2012)
• Construction:? Mexico inaugurated its first federal prison built under a co-investment scheme utilizing capital from both the government and the private sector.? The US$328 million facility features advanced technology for security systems.? Seven more new prisons are planned under the public-private investment scheme. (El Financiero, October 3, 2012)
• Cement: Mexican industrial group Elementia announced it will launch a new cement company to compete in the central Mexican construction market.? The company is currently building a new US$300 million cement production plant in the central state of Hidalgo targeted to begin operations within the next few months. (World Cement, October 17, 2012)
• Commercial real estate: Investment in luxury real estate developments planned for Mexico?s Riviera Maya area in 2012 and 2013 total approximately US$1.5 billion, according to the Mexican Real Estate Professionals Association (AMPI).? Projects include beachfront residential developments in locations such as Cancun, Tulum and Puerto Morelos. (Reforma, October 22, 2012)
• Automotive: Japanese automaker Mazda announced the arrival of three of its Japanese suppliers to the manufacturing compound the company is building in Mexico.? Chassis maker Y-Tec Keylex, dashboard producer Daikyo Nishikawa and seat manufacturer Aki Seat Manufacturing will invest a combined US$140 million to install their own facilities near the new Mazda plant. (El Financiero, October 22, 2012)
• Biotechnology: U.S. GMO seed giant Monsanto will invest approximately US$23 million to expand its production facilities in the western state of Sinaloa.? Plans include increasing corn production and upgrading technology of existing operations. (Mexican Business Web, October 24, 2012)
• Steel: Brazilian steelmaker Gerdau, in a joint venture with its associated Mexican steel producer Aceros Corsa, will invest US$600 million to build a new production plant in the central state of Hidalgo.? The facility is planned to manufacture structure steel frames for the Mexican market. (Reforma, October 25, 2012)
• Commercial real estate: U.S.-based hotelier Starwood Hotels & Resorts announced the opening of a new luxury hotel in Mexico City?s Reforma business district.? Starwood will operate the suites-only property for owners Trinity Investments and Terra Investments. (Reforma, October 25, 2012)
• Chemicals: Mexican chemical giant Mexichem will invest approximately US$110 million to expand and modernize its production plant in the northeastern state of Tamaulipas.? Emphasis will be placed on enhancing the environmental friendliness of the plant, which produces materials used in the manufacture of plastic film, bottles, hoses, tubing, toys and other products, the company reported. (El Financiero, October 29, 2012)

Tags: automotive, biotechnology, cement, chemicals, construction, Electronics, Investment, Mining, Real estate, Retail, solar energy, Steel

This entry was posted on Friday, November 2nd, 2012 and is filed under Investment, Manufacturing. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

Source: http://bdp-americas.com/blog/2012/11/02/recent-and-upcoming-investment-in-mexico-8/

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