Tetra Pak to invest US$110 million to their plant in Querétaro
Mexico City- Facing the growth potential of the country for the next years, Tetra Pak estimates an investment between US$96 and US$110 million for the expansion of their plant in Querétaro, in which is expected to accomplish the reinforcement of their laminate lane.
The Communications Director of the company, Sergio Escalera, stated that in 2013 was very interesting for the company, registering a growth of 4% in the country.
“This year, the company is expected to grow 4.7% more than 2013, by selling about seven million containers.” explained Escalera.
Inter MG to invest on new Honda terminal in Celaya
Celaya - The arrival and operations start of the Japanese armor Honda in Celaya motivated the development of a new terminal by the auto transportations company Inter MG, specialized on automobile transportation in trailers, which is expecting to operate in the next six months. For which, the company-based in Aguascalientes has invested on a first stage a little over US$1.3 million, complementing in the future with US$2.3 million.
The director of Inter MG, Miguel Mijares, pointed-out that the new installations will allow them to sustain the quality level given to their customers. With this, will be three terminals from the auto transports company after Aguascalientes and Cuernavaca. “We are expecting that Honda’s part shouldn’t be more than 20% of the operations, but the location on Celaya turns out to be strategic” stated the directive.
FEMSA slows down investment pace
Mexico.-Fomento Economico Mexicano (FEMSA), the largest Coca-Cola bottler in Latin America, will invest US$1.453 billion this year, according to the annual report sent by the company to the Mexican Banking and Securities Commission, Comision Nacional Bancaria y de Valores.
This figure is US$103 million higher than the amount mentioned at the end of last year, when presenting their results for 2013 fourth quarter.
“Coca-Cola FEMSA estimates that from the total investment forecasted for 2014, around 31% will be for operations in Mexico and the reminder for territories outside Mexico”, the bottler said.
However, the amount invested will mean a strong deceleration ininvestments, since while in 2012 the annual growth on this item was 22.7%, for 2014 it will be 3.6%.
It is worth noting that last January 1st a Fiscal Reform was enforced in Mexico, charging a special tax on production and services of 1 Peso per litter to beverages with added sugar, which analysts consider will have an impact on FEMSA’s sales.
New plans for MCIA landing
Mexico City.- Six foreign and two Mexican architect firms, all of them renowned, will submit this week their proposals for the design and expansion of Mexico City International Airport.
The firms responded to a restricted invitation from the Federal Government, according to ArchDaily, the magazine specialized in architecture.
The Project Coordinating Group, headed by the former Governor of Hidalgo, Manuel Angel Nuñez, Soto, who was appointed to this position last July, was responsible to call the bidding.
Last December, the Minister of Communications and Transport, Gerardo Ruiz Esparza, informed that Mexico City International Airport would be expanded into Texcoco, with no need for land expropriation.
Even if the Government considers it an expansion of the current terminal, the Chamber of Construction Industry sees it as a new airport.
ArchDaily also revealed that Arup, a consulting firm for design, planning and engineering, provided bidders with a master plan, showing that the project must include the construction of 70 gates to serve up to 40 million people every year.
Estimates by MCIA and the industry speak about an investment required for US$5 billion, and a building time between 10 and 12 years.
Visteon signs lease with Intermex in Chihuahua
Chihuahua, Chihuahua, Mexico – Altec Electronica de Chihuahua S.A. de C.V., Mexican subsidiary of Visteon, signed a lease agreement on April 11th, 2014 with INTERMEX for the CUU-IN-06 building, located on the iNTERMEX NORTH Industrial Park in the City of Chihuahua. The lease includes a 46,500 square-foot building.
Altec started operations in the early nineties in the city of Chihuahua and continues successful operations to this day. Visteon, its parent company, has Corporate offices in North America – Van Buren Township, Michigan, United States, Asia Pacific – Shanghai, China, and in Europe – Chelmsford, United Kingdom.
Visteon last year revenues reached US$7.44 Billion and it employs approximately 24,000 people in 29 countries..