Smurfit Kappa Norteamérica plans to invest about $67 million in 2023 in machinery, process upgrades and service expansion at its plants in Nuevo Laredo, Tijuana, Mexicali and Nogales, Mexico. The company has invested over $350 million in Mexico over the past five years.

Flex Américas CEO Om Prakash Mishra announced a second stage of expansion in Altamira, with a planned $300 million complex to be built in 2024-2025 on a site still being sought. The total investment through 2025 is above $500 million.

Smurfit Kappa Mexico plans to invest between $10 and $15 million over the next three years in its four plants in Nuevo Leon, Mexico, which make corrugated cardboard packaging.