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From Mexico In Brief Newsletter
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 mediante la liga que aparece abajo, o escribiéndonos a .
Mexican-based BioFields will initiate in early 2010 an aggressive 10 year project to produce ethanol in the Mexican State of Sonora, with an investment of approximately U.S$850 million. The biofuel will be produced using specialized cultivated algae which will feed from carbon dioxide generated by the thermoelectric plant of Mexican government-controlled Comisión Federal de Electricidad, or CFE. BioFields further announced that it plans to enter Mexican government-controlled Petróleos Mexicanos biddings for ethanol in Monterrey and Mexico City.
The Mexican Department of Transportation and Communications recently announced that early in 2010 it will announce the bid bases for two fiber optic threads that will allow the creation of a new mobile telecommunications operator in Mexico. The Department further announced that the Mexican authorities are currently studying opening bidding on additional fiber optics threads.
Japanese-based Hitachi Chemical Co. Ltd. recently inaugurated its automotive linings production plant in the Mexican State of Nuevo Leon, with an investment of approximately U.S.$25 million. The company expects to elevate its exports into the United States and increase its presence in South America. In other news, Ternium Mexico recently invested approximately U.S.$40 million in a new logistics center which will increase its storage and shipment capabilities; the company further announced that its logistics center will reduce their shipment timings by 60%, benefiting its clients. AMB Property Mexico, a subsidiary of AMB Property Corporation, also recently announced its plans to develop seven industrial buildings in the vicinity of Monterrey, with an investment of approximately U.S.$20 million.
Metalsa, a subsidiary of Mexican-based Grupo Proeza, recently announced that it had reached an agreement to acquire the automotive structural business of Dana Holding Corp. for an amount of approximately U.S.$150 million. The transaction is scheduled to close within the first quarter of 2010. Through this acquisition, Metalsa expects to expand its global presence as it will assume control of 10 plants located amongst Argentina, Australia, Brazil, Venezuela and the United States of America.
After an aggressive savings program, the automobile-part manufacturer Nemak, a subsidiary of Mexican-based Grupo Alfa, recently announced that it plans to invest approximately U.S.$180 million either in China or India over the next two years. The company further announced that in addition to this investment, it plans to strengthen their operations in the Asia region in the near future.
The Mexican Department of Transportation and Communications recently announced that Philippine-based International Container Terminal Services Inc. was awarded the construction and operation of the second specialized container-moving port terminal in Manzanillo, Mexico, involving a total investment of approximately U.S.$7.7 billion. The investment will generate approximately 6,000 new jobs and the terminal will be able to move approximately 2 million containers annually.
Derechos Reservados 2010 J.A. Treviño Abogados S.A. de C.V.