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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 .(JavaScript must be enabled to view this email address).

From Mexico In Brief Newsletter

MEXICAN-FRENCH CONSORTIUM WILL CONSTRUCT A THERMOVALUATION PLANT IN MEXICO CITY.

Tuesday, May 2, 2017

France-based Veolia, together with Mexican Proactiva Medio Ambiente, a consortium with international experience in waste recovery and operating 60 plants around the world, will be responsible of the construction of a thermal waste-to-energy facility in Mexico City.  The project will require an investment of approximately U.S.$621 million and is estimated to be completed in 2018.

MAJOR INVESTMENTS COMING TO THE PORT OF LAZARO CARDENAS.

Tuesday, May 2, 2017

Maersk, a Danish shipping company, started the operations of a new specialized container terminal in the Mexican Pacific port of Lazaro Cardenas.  The terminal involved an investment of approximately U.S.$400 million.  An additional U.S.$1 billion in Mexican private investment is expected for the Port, to increase its loading capacity to 70 million tons, facilitate maneuvers and improve the infrastructure for the transit of ships, cars and railroad.

GRUPO MEXICO BUYS FLORIDA EAST COAST RAIWAY.

Tuesday, May 2, 2017

Grupo Mexico, the Mexican mining and railroad company that operates Mexico’s Ferromex and Ferrosur railways, agreed to acquire Florida East Coast Railway, a 351-mile railway, for approximately U.S.$2.1 billion.  The transaction is part of the company’s projects to expand its transport operations in the U.S. and to increase the reach and scale of its North American rail operations

GRUPO MAR TO CONTINUE INVESTING IN MEXICO.

Tuesday, May 2, 2017

Mexico-based Grupo Marítimo Industrial, or Grupo Mar, will invest approximately U.S.$55 million in two integral projects: a so-called “integral sardine project”, which will be located in the Mexican state of Baja California, and the other directed to the innovation of products of direct consumption.

X-ELIO FV TO BUILD PHOTOVOLTAIC POWER PLANT.

Tuesday, May 2, 2017

X-Elio FV, Spain-based global developer of renewable energies, has been awarded a contract by the Mexican Energy Regulatory Commission to build a photovoltaic power plant of approximately U.S.$98 million in the northern Mexican state of Chihuahua.  The plan will have a capacity of 80 MW, with an annual output of 183.8 GWh.

MINTH GROUP TO EXPAND ITS MEXICAN PLANT.

Tuesday, May 2, 2017

Chinese auto parts manufacturer Minth Group Limited, or Minth Group, will invest an amount of approximately U.S.$350 million in its automotive plant in the Mexican State of Aguascalientes.  The expansion will manufacture auto parts for brands such as Renault, Daimler and BMW. In addition to this investment, Minth Group contemplates the installation of a new plant of paint and chrome injection in Mexico in the mid-term basis.

MEXICAN MINING COMPANY TO INVEST IN ENERGY PLANTS.

Tuesday, May 2, 2017

Mexican Minera Autlán is developing two energy projects for 2018: a hydroelectric and a wind power plant, to be respectively located in the south and north of Mexico, and which will involve an estimated investment between U.S.$150 and U.S.$200 million. The projects are expected to start generating electricity by 2020.

UNISOURCE AND HUNT TO BUILD INTERCONNECTION SYSTEM.

Tuesday, May 2, 2017

U.S.-based electricity suppliers, UniSource Energy Services and Hunt Power, announced that they will join forces to build an interconnection system with a 300 MW of direct current to connect the electric network of South Arizona and Northern Mexico. The investment will be of approximately U.S.$60 million and will allow energy sales between Mexico and the U.S. to start in early 2019.

ENEL TO CONTINUE INVESTING IN MEXICO’S POWER.

Tuesday, May 2, 2017

Enel Green Power, a subsidiary of Italy-based multinational energy company Enel, has started to build the largest solar photovoltaic plant in Latin America, with a 754 MW capacity, in the Mexican state of Coahuila.  The project involves an investment of approximately U.S.$650 million.  Additionally, the company announced that it will invest approximately U.S.$220 million in another solar photovoltaic plant with the capacity of 238 MW in the Mexican state of Guanajuato.  Both projects are expected to be operational by 2018.

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