Eaton announced $85 million in additional manufacturing investment to increase North American output of utility equipment, including underground protective connectors, with about 300 new positions at its Queretaro facility. Recent North American investments reach nearly $750 million.
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.
BorgWarner announced a $198 million investment for a new 64,000 square metre plant in San Luis Potosi, Mexico, making electronic power components and electric motors. It will create 380 jobs and is expected to start operations in the second half of 2024.
Constellation Brands is near completing a $13 billion investment in a new brewery in Veracruz, Mexico, receiving most equipment in 2024, alongside capacity expansions at its Nava and Obregon breweries.
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.
Honeywell confirmed a $400 million investment to expand its operations in Mexico at Chihuahua, according to the state government's secretary general. The announcement was made in May 2022.
Martinrea announced a $45 million investment to open a new plant in Ramos Arizpe, Coahuila, Mexico, adding 350 jobs and raising output toward 30 million parts per year within three years.
Hitachi Astemo will invest 56 million dollars over two years to improve industrial safety at its Lerma plants in Mexico, creating 480 new jobs, the state governor announced.
Nidec Global Appliance will invest $83 million in its Mexican plants, including $33 million for a compressor line in Apodaca, Nuevo León, and further investments in rolling mill, HVAC motor and appliance motor operations. The investments aim to add production lines and raise capacity for the North American market.
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.
Bombardier Recreational Products (BRP) announced it will spend $100 million over two years to expand global production capacity, including doubling side-by-side vehicle capacity at its Juarez 2 plant in Mexico. The board approved the investment on 30 November 2017.
Grupo Marítimo Industrial (Grupomar) plans to invest about US$48 million in a sardine canning plant and cold storage in Ensenada, Baja California, and expansions of its shipyard and packaging site in Manzanillo, Colima, creating up to 500 jobs.