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Bulletin 722 - Friday, July 31, 2015


Sierra Oil & Gas to invest US$150 million in Mexico

The consortium integrated by Sierra Oil & Gas, Talos Energy and Premier Oil will invest about US$150 million to start the shallow-water´s exploration of the two blocks allocated during Round One. This amount covers the minimum work commitment for both blocks and if the exploration phase succeeds, they will proceed with the wells development. The National Hydrocarbons Commission (CNH) will provide an estimated investment of US$1.3 billion to comply with each of these phases. Two credit lines per US$525 million each, were assigned to Sierra Oil & Gas, with private funds from Riverstone Holdings and EnCap Investments, as well as funds from the Institutional Infrastructure.

Source: Milenio

Alianza Industrial Park expands in Coahuila

The agreement for a new investment project for the automotive industry at the Alianza Industrial Park in Saltillo, Coahuila, is expected in the coming days. This investment will consist in an expansion of 80 thousand square feet, and it could generate about 100 jobs. Arnoldo Saucedo Davila, Government Relations Manager of Alianza Global Development, said that only in the first half of the year, the Alianza Industrial Park completed four expansions and with this new plant they will reach the 250 thousand square feet built and a US$10 million investment that will generate more than 300 jobs. He added that they are currently working on the expansion of Ceva Logistics, a company dedicated to the whole administration and logistics of Daimler Trucks.

Source: Zocalo Saltillo

Jalisco attracts German investment

Four German companies will invest around US$150 million in Jalisco and will start the construction of their plants during 2015. Jorge Aristoteles Sandoval, Jalisco´s Governor, said that the State will become one of the leading sites in attracting foreign investment in Mexico. He announced that two German automotive industry investors will visit the Colinas del Lago Industrial Park in the municipality of Lagos de Moreno. The benefits offered by the State to these industrial projects were discussed during several business meetings held with the German investors. In addition, other important details such as energy issues, facilities location and lease options, were discussed as well.

Source: El Informador

Port of Mazatlan to receive Nissan’s imported cars

Alfonso Gil Diaz, General Director of Mazatlan’s Port Authority (API), reported that Nissan will arrive to the port of Mazatlan, Sinaloa to import cars starting in September 2015, having a first shipment of about 2,000 cars. Ferromex will then transport these imported cars to Nissan’s assembly plant in Aguascalientes, from where they will be distributed to the final delivery point. 3,000 vehicles will be imported monthly during six months. From this point on, the export of these vehicles could continue. The port of Mazatlan hadn’t had a participation in the finished cars market during the last five years.

 

Source: T21

New Automotive Cluster in Ciudad Juarez is expected

After the visit of Mexico’s Minister of Economy, Ildefonso Guajardo Villarreal to Ciudad Juarez, the mayor Enrique Serrano Escobar announced that one of the topics to discuss is the arrival of a vehicles assembly plant to the city. Ciudad Juarez represents a great location alternative for any vehicle assembly company, because it is located right on the border with the U.S. Moreover, the State of Chihuahua´s Governor, Cesar Duarte Jaquez, said that the arrival of a European automotive company is coming, but it is not possible to reveal its name per confidentiality agreements.

Source: Miled Chihuahua

New investment to be announced in Coahuila

A simultaneous announcement has been made for the industrial sector in Coahuila with the new investment in the municipality of La Laguna and the expansion of Takata´s production lines. Takata’s expansion plan, will take place in the Las Americas and Mieleras Industrial Parks, creating over 1,500 jobs for the production lines that will be brought from the municipality of Monclova. Once confirmed, the project would arrive just in time to the region, due that the Laguna Automotive Cluster has just opened, aiming to bring companies together and attract new investments.

Source: El Siglo Torren

Investments of US$600 million materialized in Jalisco

Five investment projects from Electronics and Information Technology and Communications (ICT) companies from India took shape in Jalisco, with the leadership of the Western Mexican Council for Foreign Trade (COMCE) and Jalisco´s private initiative. Miguel Angel Landeros, President of Western COMCE, said that the five Asian companies plan to invest up to US$600 million in the State by 2016.

Source: El Economista