Mexico in Brief
Mexico in Brief, our monthly newsletter, is available in this section. Our Mexico in Brief summarizes the most relevant business news in Mexico, and also lists the main Mexican economic indicators. Our file is organized by issue number and issue date. Please consult it at your convenience and send us any comments through the link appearing below, or emailing us at mexico.in.brief@jata.mx.
From Mexico in Brief Newsletter
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PARKS INDUSTRIAL DRIVES GROWTH IN MEXICO.
Mexican-based Parks Industrial, dedicated to development and construction, is investing approximately U.S.$250 million in the first phase of “El Salto Park III”, in the industrial corridor of the Mexican State of Jalisco. The project is expected to create around 5,000 jobs and boost the region’s economic growth. The first phase is already 90% leased, prompting the start of the second phase, which will be completed within 12 months.
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ALLIED MACHINERY SETS UP A NEW PLANT IN MEXICO.
China-based Allied Machinery has announced an investment of approximately U.S.$250 million to build a new plant in the Mexican State of Nuevo León. Specializing in manufacturing precision mechanical components and iron-cast, the facility aims to enhance production capacity and optimize its supply chain. The plant is expected to create around 150 direct jobs.
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CPKC INVESTS IN MEXICO’S RAILWAY EXPANSION.
Canadian Pacific Kansas City, or CPKC, the first and only single-line rail network connecting the North American continent, will invest approximately U.S.$240 million in Mexico, focusing on railway projects in the Mexican States of Nuevo León, San Luis Potosí, and Guanajuato. The company is working with the government on the "Plan México" strategy to boost freight and passenger rail connectivity, which aims to attract investments to strengthen the economy.
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ZIEMANN HOLVRIEKA EXPANDS OPERATIONS IN MEXICO.
German-based Ziemann Holvrieka, one of the largest international suppliers for the beverages and liquid food industries, has inaugurated an approximately U.S.$20 million plant in the Mexican State of Coahuila, creating around 150 jobs, representing the company's first project in Mexico. The facility will manufacture stainless steel tanks for the beverage and food industries, enhancing the company’s operations in Mexico and the U.S. market.
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NETFLIX BEHIND MEXICO’S ENTERTAINMENT FUTURE.
U.S.-based Netflix has announced an investment of approximately U.S.$1 billion in Mexico over the next four years, targeting to boost the audiovisual industry and create job opportunities nationwide. The company plans to develop production by collaborating with local companies and partners. Additionally, Netflix will invest approximately U.S.$2 million to renovate the Churubusco Studios in Mexico City. This investment underscores Netflix's commitment to Mexico's creative community and its role in the global entertainment industry.
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SANTANDER BETS BIG ON MEXICO.
Banco Santander, the Spanish-based global bank, has announced an investment of approximately U.S.$2 billion in Mexico and the launch of its fully digital bank, Openbank. This investment is a step forward in becoming the country's largest and most profitable financial institution and aims to improve financial services and take advantage of the nation's favorable economic conditions.
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NESTLÉ STRENGTHENS ITS COMMITMENT TO MEXICO WITH MAJOR INVESTMENT.
Nestlé has announced an investment of approximately U.S.$1 billion in Mexico over the next three years. This investment reinforces the company's commitment to the country and is expected to boost economic development and job creation in various regions of Mexico.
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MEXICO PROPOSES TO OPEN THE ELECTRICITY SECTOR TO PRIVATE INVESTMENT.
Mexican President Claudia Sheinbaum has submitted a legislative initiative for the reform of certain energy-related laws, targeting to enable private investment in power generation while preserving the dominant role of the Federal Electricity Commission. These changes are designed to strengthen the country's energy infrastructure, attract foreign investment, and promote clean energy, and are awaiting the approval of both Mexican Congress bodies, which are expected to be obtained before April 30.