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

  • MORE INVESTMENTS IN THE AEROSPACE INDUSTRY.

    The European multinational aerospace corporation Airbus will expand its production plant in the central Mexican state of Queretaro, investing approximately U.S.$20 million. Airbus’ plant in Queretaro currently produces emergency exit doors and bulk cargo doors for the company’s single-aisle commercial aircraft. It is estimated that the production capacity will rise at a rate of approximately 70% to 828 parts manufactured each year.

  • A NEW AIRPORT TERMINAL IN GUADALAJARA.

    Grupo Aeroportuario del Pacifico (GAP for its acronym in Spanish), a Mexican company that operates 12 airports in the Pacific region of Mexico, announced that it will construct a second terminal for the Guadalajara International Airport. The project will require approximately U.S.$388 million and consists of constructing a terminal on a 150,000m² surface. The project will also include the construction of a new runway, which will increase the airport’s operational capacity by 60 percent, allowing it to handle between 800 and 900 flights daily.

  • HEINEKEN´S NEW PLANT.

    Heineken, the Dutch brewing company, will build a can manufacturing plant in the northern Mexican state of Chihuahua, investing approximately U.S.$90 million. The plant, Heineken’s seventh in the country, will bring around 120 direct jobs after opening by the end of 2024. By 2030, the brewery has plans to stop emitting CO2, for which it will place a can manufacturing plant

    adjacent to its production plants, generating synergies.

  • MERCADOLIBRE’S GROWTH.

    Argentinean-based online marketplace, MercadoLibre Inc, received a private financing line of approximately U.S.$233 million from Goldman Sachs. The funds will be used to expand its credit offer in Brazil and Mexico. From the total figure, approximately U.S.$106 million will be destined for Brazil and approximately U.S.$127 million for Mexico. The company intends to increase its loan offers to individuals and small and medium-sized companies in both countries through its lending unit, Mercado Credito.

  • NEW INDUSTRIAL PARKS.

    The Mexican industrial real estate developer, Corporacion Inmobiliaria Vesta, will invest approximately U.S.$1 billion in the next years for the development of industrial parks in the country. Within this investment plan, Vesta contemplates six buildings in the city of Tijuana, two in the city of Monterrey, and other buildings in Ciudad Juarez, along with industrial parks in the Mexican states of Jalisco and Nuevo Leon.

  • SAMSUNG ANNOUNCES ADDITIONAL INVESTMENT.

    As the South Korean home appliance company, Samsung, continues to make significant investments to improve its manufacturing facilities across the globe, the company announced an investment of approximately U.S.$500 million in Mexico to increase its home appliances’ production. The investment will most likely be made in the central Mexican state of Queretaro.

  • FEMSA:  EXPANDING HORIZONS.

    Mexican retail giant and Coca-Cola bottler, FEMSA, announced the acquisition of the Swiss kiosk operator Valora for an approximately U.S.$1.15 billion cash takeover. With this transaction, Valora is expected to accelerate its growth path by leveraging FEMSA’s experience in convenience trading and will serve as a platform for further growth in the European convenience markets.

  • MULTI-MILLION DOLLAR INVESTMENT IN THE AUTO INDUSTRY.

    The German automotive part manufacturing company, Continental AG, will invest approximately U.S.$40 million in a new production plant in the Mexican State of San Luis Potosi. The total budget will be allocated to the construction of a new state-of-the-art hydraulic hose production plant, to increase its manufacturing capacity in this region. This new plant is scheduled to start production in 2024 and will create approximately 150 new jobs.