Mexico in Brief

Mexico in Brief, nuestro boletín electrónico mensual, está a su disposición en esta sección. Nuestro Mexico in Brief resume las noticias de negocios más relevantes en México, así como los principales indicadores económicos. Nuestro archivo está organizado por número de edición y fecha referente. Por favor consúltelo a su conveniencia y refiéranos cualquier comentario escribiéndonos a mexico.in.brief@jata.mx.

From Mexico in Brief Newsletter

  • ANOTHER MILLIONAIRE DOLLAR INVESTMENT.

    Cipro, a Mexican engineering development company for the water and energy sectors, is developing three hydraulic projects with a value of approximately U.S.$250 million, projects which will be covered with public resources through bids. As part of their internationalization process, two of these infrastructure projects will take place in Colombia and Dominican Republic. Cipro continues to seek more projects in the countries of Panama, Peru, Costa Rica, and El Salvador.

  • FRENCH COMPANY INCREASES INVESTMENT IN JALISCO.

    The French glass manufacturing company, Saverglass, will invest approximately U.S.$116 million in its facilities in the Mexican state of Jalisco to expand and improve their glass production. This investment will be directed towards a new oven, which will allow Saverglass to produce 200 thousand tons of glass, and the expansion of the industrial plant to integrate the decoration and silk-screen printing processes for its glass bottles. It is expected that both projects will be finished and ready to operate by the first semester of 2023.

  • MILLIONAIRE INVESTMENT IN THE MINING INDUSTRY.

    In the next three years, the Canadian mining company, Torex Gold Resources, owner of Minera Media Luna, will invest approximately U.S.$850 million in the Mexican state of Guerrero, state in which it is currently operating. This amount will be used for the construction of a 100-meter tunnel under the Balsas River, the development of the infrastructure of the Media Luna subway mine, and the construction of a flotation circuit to process the extracted minerals. Torex Gold Resources is the second largest gold producer in Mexico and will soon enter the copper business.

  • THIS YEAR’S FIRST UNICORN.

    The Mexican logistics company, Nowports, announced that its valuation rose to approximately U.S.$1 billion after a round of financing by SoftBank’s Latin America Fund. This financing secured them an investment of approximately U.S.$150 million, investment which will be used to expand its operations in Latin America in moments in which the markets are still dealing with disruptions in the supply chain. Newports operates as a digital freight agent with a presence in seven countries and has now become the first Mexican unicorn of the year.

  • NISSAN’S NEXT INVESTMENT IN MEXICO.

    Nissan Motor Co., the Japanese auto manufacturer, has planned on investing approximately U.S.$700 million in their plant in the Mexican state of Aguascalientes. Said investment will be destined to improve their technology and production processes. Nissan’s decision was mostly based on the potential that Mexico has in the automobile industry, as it represents 18.7% of the gross domestic product in the manufacturing industry, and it’s the brand’s fourth most important market after China, the United States, and Japan.

  • PROJECTS BY THE BORDER.

    The government of Mexico and the United States of America have executed an approximately U.S.$700 million agreement aimed at accelerating the completion of infrastructure works in their shared border, emphasizing the implementation of technology to reinforce security along the border. Both governments agreed to allocate the investment to 14 projects in Mexico and six on the United States, projects which are expected to operate by the end of 2023.

  • THE EXPANSION OF THE ZF GROUP.

    The German automotive intelligent components company, ZF Group, decided to expand its complex in the Mexican state of Nuevo Leon by 20 per cent. This expansion will require an investment of approximately U.S.$300 million, and will include a manufacturing plant, an innovation and development center, and a multifunctional center of excellence from which all the North American administrative operation will be managed.