Nuevo Leon industry increases production
NUEVO LEON – Despite facing problems that complicated the operation of the companies during the beginning of this year, the manufacturing industry of Nuevo Leon registered a reactivation in its indicators. In its most recent economic expectations report, Cámara de la Industria de Transformación...
Nuevo León is optimistic about the industrial sector
NUEVO LEON – Despite the uncertainty caused by political and social events in Mexico and the United States, industrialists in Nuevo Leon remain optimistic for 2019, and asked the president of Mexico to generate operational and economic conditions. Juan Ignacio Garza Herrera, president of Cámara ...
Nuevo León keeps leadership in new home sales
NUEVO LEON – Nuevo Leon maintained the leadership in new housing placed in 2018, with 57,973 homes, representing 14.05% of the total, said Jorge Paredes Guerra, president of Realty World Mexico. "The total volume of new housing placed in 2018, compared to 2017, the leading state at the national l...
Otay II sentry box project grows
TIJUANA – The construction of the Otay II sentry box, which would favor the crossing of merchandise produced by the maquiladora industry of the city, is a project in which work continues, and it is expected that this year there will be progress in this regard, according to Javier Castañeda Pompos...
Pemex has awarded additional pipeline and storage capacity to Andeavor
Andeavor, a company that specializes in marketing, logistics and refining, has won the Pemex Logística Open Season 3.1 for the North and Pacific Systems in the Northwestern region of Mexico. The company has been given capacity on oil products pipeline and storage terminals. The awarded capacity in...
Phoenix approved US$230 million investment for its downtown stadium
The City Council of Phoenix approved a US$230 million renovation plan for its downtown stadium that will maintain the NBA's Phoenix Suns in the city until at least 2037 with the option to extend it until 2042. The plan was approved by a 6-2 vote after a 3 hours-discussion among council members, res...
Presidio Residential Capital closes 16 real estate transactions
SAN DIEGO – Presidio Residential Capital showed a resilient investment presence in major Western U.S. markets in 2018, funding 16 new residential projects totaling 845 homes. “Key to our success is our dedication and commitment to our long-term relationships with our joint venture partners,” ...
Private-public investment, a plan B for hospitals in Juarez
CIUDAD JUAREZ – The governor of Chihuahua, Javier Corral, said that if the Federal Government does not support Juarez hospitals, they will use the public-private investment mechanism to end them. Public-private investment schemes are mechanisms in which governments with business associations can c...
Push for more renewable energy clears New Mexico Senate
ALBUQUERQUE – A measure aimed at increasing New Mexico's reliance on renewable energy and easing the economic pains of shuttering a coal-fired power plant in the northwest corner of the state cleared a major legislative hurdle late Wednesday after a lengthy debate. The Senate voted 32-9 in favor ...
Quebec is interested in Baja California's aerospace industry
TIJUANA – Diplomatic representatives and directors of four aerospace companies in Quebec made an exploratory visit to Tijuana, which could generate the arrival of new investments in the medium term. During a meeting with the staff of Desarrollo Económico e Industrial of Tijuana (Deitac), the Del...
Raytheon Wins Navy Deal for AIM-9X Missile Program
Missile Systems (MS) business division recently secured a US$434.4-million modification contract for the procurement of 766 AIM-9X and 160 AIM-9X Block II+ missiles. The deal will serve the U.S. Navy, U.S. Air Force, and the governments of Israel, Norway, Qatar, South Korea, U.A.E., Australia, and t...
Real estate sector forecasts growth in Baja California
BAJA CALIFORNIA – Despite structural changes in many government institutions the real estate sector has good growth expectations for 2019, said Gabriela Cerezo Morales, president of Consejo Estatal de Profesionales Inmobiliarios del Estado de Baja California (Cepi bc). She explained that due to t...
Report Pushes for Increased Investment in Rural Texas Broadband
TEXAS – A new report by Austin-based think tank Glasshouse Policy recommends a set of solutions to bring broadband access to rural and otherwise underserved areas of Texas. The report’s authors say that as internet access becomes more and more integral to everyday life, rural communities could b...
Retail Sector is Expanding, Changing the Look of Mexico
Over the past five years, retail investors and developers have added a new imprint to the familiar terrain of cheek-by-jowl, mom-and-pop stores across Mexico, building U.S.-style strip and destination malls with brand name tenants.  The trend is growing across Mexico. And, at the U.S.-Mexico borde...
Reynosa to expand its supermarket network
REYNOSA – Four supermarkets of the company "S-mart" plan to expand its locations in Reynosa, Tamaulipas as part of an investment project to be developed this year. According to Reynosa's Minister of Economic Development, Tourism and Trade, Leonel Cantú Robles, the negotiations have already been ...
RRB Beverage Operations to develop production plant in Arizona
GLENDALE – RRB Beverage Operations Inc., plans a new multimillion-dollar, approximately 700,000-square-foot facility, as part of the first phase of development at Woolf Logistics Industrial Campus in Glendale, Arizona. The first phase of this flagship development is expected to create over 140 new...
Sinaloa and Sonora, the states with the highest development of shrimp in captivity
MEXICO – For Mexico, the shrimp industry is fundamental in its trade balance. Only in 2017, foreign sales of this product totaled US$452 million, representing a central element for the country's economic development. Aquaculture farms for the production of these crustaceans have become the fastes...
SMB to drill 17 holes in Nuevo Leon
NUEVO LEON – Comisión Nacional de Hidrocarburos (CNH) approved the company Servicios Múltiples Burgos (SMB), a subsidiary of Tecpetrol, to invest US$128 million for the development of oil wells in a block of land located in Nuevo Leon. The plan includes 17 drillings for the development of new w...
Smurfit Kappa inaugurates new plant in Tijuana
TIJUANA  – With an investment of US$145.5 million, Smurfit Kappa inaugurated a folding carton manufacturing plant in Tijuana, offering 250 jobs in the area and using digital technology to optimize production costs. Smurfit Kappa currently has 26 plants in Mexico, 3 of them currently located in...
Smurfit Kappa Mexico will invest up to US$15 million in Nuevo León
NUEVO LEON – Smurfit Kappa Mexico, a global company that produces cardboard packaging in Mexico and other countries, will invest between 10 and US$15 million over the next three years in its four plants in Nuevo Leon. Jorge Alberto Angel, president of the company in Mexico, where there are 26 pla...



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