Schaeffler goes for more
German automotive component maker Schaeffler will invest approximately 100 million USD to establish a second production plant for its LuK brand in the state of Puebla. The new facility will produce torque converters for export to the company's production sites in the US and Japan.
Gerdau Corsa Grows Stronger
Brazilian steel maker Gerdau Corsa is completing construction of a new production plant in the central state of Hidalgo. The 600 million USD site is projected to produce one million tons of semi-finished products and 700,000 tons of structural shapes annually when completed.
Hitachi Builds a New Plant in Mexico
Japanese multinational corporate group Hitachi plans a 90 million USD investment to build a manufacturing plant in Estado de México. The new site will produce cast metal parts for the region's automotive industry.
This new plant, third for the company and fifth for Hitachi Automotive Systems Group within Mexico, is being established to support the production of vehicles in Mexico and to further strengthen the supply for the car makers throughout the Americas using Mexico's preferential trade agreements.
The new plant will begin production of pistons for automotive parts as well as aluminum diecasts in May 2015. Further expansion of production is to be expected in the future.
SKG's first in the Americas
Japanese motor producer Shinano Kenshi Group (SKG) plans to open a manufacturing plant in the state of Guanajuato in 2015. The site, which will be the company's first of its kind outside of Asia, will host the production of precision electric motors for automotive, medical and other applications.
The new factory will start production with a working staff of nearly 100 people in an initial space of 4,000 square meters. SKG has targeted annual revenue of 20 million USD by the year 2018 for its Mexico site.
Mexican industrial park operator Parque Industrial Amistad Aeropuerto plans investment of approximately 15 million USD in its facility at Ramos Arizpe, Coahuila, to accommodate US cooling equipment manufacturer Nordyne. The new manufacturing infrastructure will be used to produce air conditioning equipment.
Investment in the Pipeline
IEnova, the Mexican subsidiary of US natural gas utility Sempra Energy, plans investment of 1.2 billion USD in energy industry projects in Mexico. The projects, some of which will be carried out in partnerships with Petróleos Mexicanos (Pemex) and British Petroleum, include gas and ethane pipelines as well as a wind energy generation park.
Investing to remain a leader
Mexican steel maker Altos Hornos de México (AHMSA) plans investment of 370 million USD in Mexico operations. Projects to receive funds include completion of the company's new El Fénix steel plant in the northern state of Coahuila, acquisition of new equipment and the opening of new mines.
Going for Latin American Market
Virgin Mobile Latin America, subsidiary of UK-based Virgin Group, plans investment of 41.5 million USD to enter the Mexican and Brazilian markets over the next two years. Virgin seeks to take advantage of recent reforms in Mexican telecommunications law designed to increase competition in the sector.
US aerospace components maker UTC Aerospace Systems will invest 300 million USD to expand operations at its affiliate location in the northwestern city of Mexicali. The site will produce weight-reducing acoustic panels from composite materials for aircraft.