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

  • MEXICAN INDUSTRY ON THE RISE WITH SIGNIFICANT INVESTMENTS.

    In the last year, several companies in the energy, manufacturing, automotive, construction, steel, and industrial park sectors have made significant investment announcements. Among them are Amazon Web Services, which has announced an investment of approximately U.S.$5 billion in the Mexican state of Queretaro, Mexico Pacific Limited with an approximately U.S.$15 billion investment to build a natural gas transportation pipeline, and the Danish company Copenhagen Infrastructure Partners, which will build a wind energy plant with an invest approximately U.S.$10 billion. Other companies like Tesla, HDF Energy, Woodside Energy, and KIA Motors have also announced investment projects.

  • THE CONTINUED GROWTH OF THE MEXICAN AUTO INDUSTRY.

    The Mexican auto parts industry is projected to attract investments of approximately U.S.$2.3 billion by 2024, indicating a growth rate of around 14%, compared to the past three years. This growth is attributed to the continuous expansion of the U.S. automotive market and the fact that the Mexican industry accounted for 43% of the total auto parts imports from the U.S. in 2023. The increase in investment is highly derived from nearshoring manufacturing efforts.

  • MAYOR INVESTMENTS COMING TO MEXICO.

    The Ministry of Economy has announced that the Mexican private sector has received 52 investment announcements during the first two months of 2024. These investments are expected to bring in approximately U.S.$25.8 billion and generate around 28,702 new job opportunities. The investments are largely focused on the beverage industry, automobiles and auto parts, and iron and steel, with major players such as FEMSA, Amazon, DHL Supply Chain, Ternium, Volkswagen, and Aspen Aerogels leading the way. 

  • AT THE TOP OF THE FOOD CHAIN.

    As part of its 25th anniversary, Alsea, the Mexican multi-brand restaurant operator, has announced an investment of approximately U.S.$357 million. Approximately 60% of this investment will be allocated in Mexico with the expectation of continuing growth and creating shared value for its investors, employees, customers, and communities. Alsea manages food chains like Starbucks, Domino's Pizza, and Burger King in Mexico.

  • GOING WITH THE WIND.

    Sempra Infrastructura, the leading North American infrastructure company with operations in Mexico, announced an investment of approximately U.S.$550 million in the wind project, Cimarrón, in the Mexican state of Baja California. The project will expand a wind farm and is expected to begin generating energy at the end of 2025. The energy that Cimarrón will produce is approximately the equivalent of the annual consumption of more than 84,000 homes and the reduction of greenhouse gas emissions per year. 

  • A GREEN VISION FOR THE DESSERT.

    The Northern Mexican state of Sinaloa is set to receive an investment of approximately U.S.$1.17 billion from Tango Solar, an Australian company that specializes in developing renewable energy assets such as wind, solar, and pumped hydro. This investment will be focused on building a photovoltaic park for the production of green hydrogen, which will be used to provide safe, clean, and sustainable energy. The park has the potential to provide decentralized energy to the transportation, industry, and construction sectors, which is crucial for the social and economic development of the region and the country.

  • A BILLION DOLLAR INVESTMENT

    The U.S.-Argentinean e-commerce company Mercado Libre will invest approximately U.S.$2.45 billion in logistics operations within Mexico, which makes it the largest investment in the country made by the company. It will also focus on strengthening its digital financial services to become the application with the largest number of users in Latin America.

  • NUEVO LEON CHARGED WITH ASPEN AEROGELS.

    Aspen Aerogels, the U.S.-based leader in sustainability for the use of Airgel, announced the investment of approximately U.S.$270 million in its two plants inaugurated in the Mexican state of Nuevo Leon. The plants will manufacture components used in the assembly of batteries for electric cars. This will contribute to positioning the state as an electromobility hub in North America. Between both plants, the company is expecting to create approximately 1,000 new jobs. Among the company’s main clients are GM, Toyota, Audi, and Stellantis.

  • WALMART’S GROWTH IN MEXICO.

    After closing 2023 as the year of greatest expansion in the last decade for the U.S.-based multinational retailer, Walmart, this year the company is preparing to invest approximately U.S.$2 billion, a 19% increase from last year. With this investment, the company hopes to renovate and maintain the existing stores and open new ones. About 15% of the investment will benefit the supply chain, while the rest will be used for promoting e-commerce and implementing new technologies.