Mexico in Brief
From Mexico in Brief Newsletter
UNIFIN PLACES GLOBAL BONDS.
The Mexico-based company that offers financial solutions for small and mid-size businesses, UNIFIN, successfully concluded a private bond placement for approximately U.S.$200 million in the United States of America and other international markets.
IN-STORE MEDIA WILL INVEST IN MEXICO.
Spain-based shopper marketing agency, in-Store Media, announced the investment of approximately U.S.$55 million in the implementation of digital services in order to monetize the websites of retail chains and for its development of such market on a global scale.
FEMSA COMERCIO ENTERS CONVENIENCE SECTOR IN BRAZIL.
Mexico-based FEMSA Comercio, a subsidiary of FEMSA dedicated to the operation of convenience stores in Mexico, will enter the convenience retail sector in Brazil through a joint venture with Brazil-based Raízen with an investment of approximately U.S.$81 million. The investment contemplates the opening 500 convenience stores of the OXXO and Select brands in Brazil in the next three years.
WOOD GENIX TO INVEST IN MEXICO.
Chinese-American company dedicated to the fabrication of residential kitchens, Wood Genix, will invest approximately U.S.$110 million for the first stage of the construction of its kitchen manufacturing facility in the Mexican State of Yucatan.
DHL CONTINUES INVESTING IN MEXICO.
German-based courier and logistics firm DHL Express has confirmed its investment of approximately U.S.$300 million in Mexico between 2019 and 2024 in several projects, which will help to boost more than 3,500 jobs in the country.
SANFER GETS CANADIAN INVESTMENT.
Mexican Pharmaceutical Sanfer received a cash investment of approximately U.S.$500 million from the Canada-based Caisse de dépôt et placement du Québec (CDPQ), which will allow Sanfer to continue executing its expansion plans in Mexico and Latin America. CDPQ is an institutional investor which manages various pension plans and public and para-public insurance programs in the Canadian province of Quebec.
MARRIOTT LAUNCHES MEGAPROJECT IN RIVIERA NAYARIT.
U.S.-based American luxury hotel chain, Marriott International, has announced four new hotels to be developed in Riviera Nayarit with an investment of approximately U.S.$800 million. The hotels are set to open between 2022 and 2025.
IBERDROLA TO BUILD TWO NEW CENTRALS.
Spain-based energy company Iberdrola announced that it will invest approximately U.S.$750 million in the construction of a combined cycle plant in the Mexican State of Veracruz, and a photovoltaic plant in the Mexican State of Puebla. The projects are framed within the investment commitment of Iberdrola for Mexico for the 2019-2024 period.
GPO TO BUILD A NEW FERTILIZER PLANT IN MEXICO.
With an investment of approximately U.S.$1.2 billion, Mexico-based Gas y Petroquímica de Occidente, or GPO, will build an ammonia plant in the Mexican State of Sinaloa,having a manufacturing capacity of approximately 800 thousand tons of fertilizer per year.