Mexico in Brief
From Mexico in Brief Newsletter
OMA: CONCENTRATING INVESTMENT IN NUEVO LEON.
In 2020, Mexican airport operator, OMA, announced a five-year investment of approximately U.S.$823 million; from this amount, more than half is destined for the expansion and modernization of the airport in Monterrey, the city capital of the Mexican state of Nuevo Leon. Being in the third year of the five-year plan, OMA plans on investing approximately U.S.$200 million, mainly for the expansion of the airports located in the Mexican states of Nuevo Leon, Sinaloa, and Chihuahua.
A BILLION-DOLLAR INVESTMENT IN THE ENERGY SECTOR.
ENGIE Mexico, a supplier and developer within the energy industry, announced an investment of approximately U.S.$1.6 billion which will be distributed in different projects within Mexico. Within said investment, developments in the Transistmico Corridor are included, as well as the development of distribution areas in the Mexican states of Tabasco and Campeche.
XIGNUX’S BET ON INFRAESTRUCTURE.
Xignux, the Mexican company with participation in the food and energy industries, announced an investment of approximately U.S.$250 million to increase its production capacity, an amount that has doubled compared to last year. To take advantage of nearshoring manufacturing in Mexico, Xingnux has considered it necessary to invest in infrastructure, especially electrical infrastructure. Part of this investment will focus on its plants in the municipalities of San Nicolas and Apodaca, both located in the Mexican state of Nuevo Leon.
MORE INVESTMENT IN AUTOMOTIVE PARTS.
With an investment of approximately U.S.$180 million, the Mexican company, Metalsa, inaugurated its plant to produce the chassis of the next generation of Toyota’s Tacoma truck. Said investment will supply two assemblers from Toyota, one located in the Mexican state of Guanajuato and the other one in Baja California, and an annual production of approximately 308 thousand chassis is expected. This new facility in Guanajuato will be integrated into the 13 manufacturing plants the company has in Mexico, the United States of America, Argentina, Brazil, Thailand, India, and China.
PARAMOUNTS’ MILLION DOLLAR INVESTMENT.
Paramount New Materials will invest approximately U.S.$200 million in the Mexican state of Coahuila, where it will manufacture aluminum products such as chassis and bumpers, among other components for the automotive industry. The new plant will be located on a surface of 78 hectares and will generate approximately 225 new jobs. Paramount is set to start operations in the new plant in December 2024.
ALL THE WAY FROM INDIA.
The auto parts manufacturer for electric vehicles, Vimercati, will invest approximately U.S.$200 million in the state of Nuevo Leon. Vimercati Viney is one of the market leaders in the design and manufacture of mechanical and mechatronic switches for the automotive industry. The company works with automobile companies like BMW, Rolls Royce, Mini, Volkswagen, PSA Group, Renault, Fiat Group, DAF, among others. Vimercati currently has a presence in India, as well as in Italy and Romania, where it has two production centers, and will soon open its first plant in Nuevo Leon.
FRISA: INCREASING CAPACITY.
Mexican manufacturer Frisa will invest approximately U.S.$200 million to increase the capacity of its industrial plants located in the municipalities of Garcia and Santa Catarina, both located in the Mexican state of Nuevo Leon. Said resources will be destined to develop special steel and aerospace products, for which the capacity of both plants will be more significant. Frisa is Space X’s leading supplier of products for engines that go under its rocket.
BREWING & CORN.
With an investment of approximately U.S.$300 million, the Mexican brewing company Grupo Modelo announced the construction of a corn processing plant in the Mexican state of Guanajuato. The plant will be the largest corn processor specialized for brewing in the region, which will reduce water consumption in the process. The company chose this area due to the region’s connectivity that facilitates logistics to serve the rest of the country, as well as the experience that already exists in the state with farmers.