INVESTMENT NEWS

Chinese smartphone manufacturer, Infinix Mobility, aims to make Mexico a key market in the next three years. They are currently negotiating retail agreements with Altan Redes, AT&T, and Telcel. With the rising consumer power in Mexico, Infinix sees great potential to establish a strong presence and become a mature market in the region.

Chinese company, inaugurated its plant in Nuevo Leon, with a $35 million investment. The plant will manufacture electronic controllers, creating 300 new jobs. China now ranks as the second-largest investor in Nuevo Leon, just behind the United States,. The manufacturing of electrical appliances accounts for 17.3% of Nuevo Leon’s exports.

World’s largest refining company, will invest $120 million in a new terminal at the Altamira Industrial Port, Tamaulipas, Mexico. The terminal’s daily storage capacity will be 1.1 million barrels, and it is set to begin operations in the first quarter of 2024. Valero also plans to add 11 new service stations to its existing two in Tamaulipas.

Mexican real estate company has completed an industrial warehouse in Juarez, Chihuahua. The first phase, offering 13,000 square meters of space, is ready for occupancy, and the next phase will begin soon. The $35 million investment project is a spec building, de- signed for manufacturing and logistics clients, with a focus on sustainability.

Chinese luxury car brand will begin sales in Mexico in October. They will partner with Shanghai Auto Assembly Group’s Mexican subsidiary for vehicle import and assembly in Hidalgo state. The investment of $358 million will establish a plant and expect to generate around 480 direct jobs.

P&G

P&G is investing over $55 million in a new distribution center in Irapuato, Guanajuato. The center will be creating around 400 direct jobs. It will enhance service and connectivity for customers in the Bajio, North, and Northeast regions of Mexico.