Japan-based Nucor Corporation and JFE Steel Corporation started the construction of a new steel plant in the city of Silao, in the Mexican State of Guanajuato, in which they will invest approximately U.S.$270 million by the second half of 2019. The plant will have the capacity to produce 400 thousand tons of steel sheets per year.
Torex Gold, Goldcorp and Fresnillo are some of the companies that are planning investments in Mexico for approximately U.S.$2.4 billion for gold projects. As a result of these investments, the mines of “Dolores de Pan American Silver”, “San Agustin de Argonaut Gold” and “La Yaki de Alamos Gold” will be expanded between 2017 and 2020.
Mexico-based & global baking giant Grupo Bimbo announced the purchase of the multinational U.S.-based East Balt Bakeries for approximately U.S.$650 million by the end of 2017. The acquisition represents an expansion in eight new markets in Europe, Asia and Africa for the global baking company.