El Siglo de Torreon – Mexicans trying to download or stream series and movies online at home encountered problems 71 percent of the time, said the Consumer Index 2015 Arris Entertainment.
PRNewswire – Sempra Energy’s Mexican unit Infraestructura Energética Nova (IEnova) has been awarded a $108 million natural gas transportation contract in Chihuahua by the Comisión Federal de Electricidad (CFE).
Railway Gazette – A consortium of Promotora y Desarrolladora Mexicana, its subsidiary Desarollo de Terracerias and Spanish firm Proacon has been selected to build an extension of Mexico City metro Line 12.
By Alan M. Field / JOC
As Mexico’s manufacturing output has increased steadily over the last decade, so has the throughput of its major ports along the Gulf of Mexico and Pacific Ocean.
In 2014, Mexico handled more than 5.7 million 20-foot-equivalent container units a year, behind only Brazil and Panama in Latin America, and 10 times more than it handled in the first full year of the North American Free Trade Agreement in 1995.
It’s no mystery why container volumes have been growing at such a spectacular rate: Mexico has made expansion of its automotive sector a cornerstone of its ambitious plans to transform its country into a global industrial powerhouse.
Over the past few years, Toyota, Daimler and other automakers have invested, or promised to invest, a combined $22.6 billion in plants for assembling vehicles, containerized automotive parts and electronics products.
To keep pace with that growth, Mexico’s federal government in April announced it is investing $5 billion in its network of 117 ports, including the construction of four new terminals in Veracruz, where container throughput is expected to approach 900,000 TEUs this year, up from just 540,000 TEUs in 2001.
The new investments reflect Mexico’s “conviction that a system of total distribution, with each logistical chain of a high level, both within the country and beyond our borders, is the best way of functioning,” said Guillermo Ruiz de Teresa, coordinator of Mexico’s agency for ports and merchant marine.
Latin Post – Having to now square off against a former ally, AT&T is reportedly hammering out a deal to rent wireless towers in Mexico from American Movil spin-off company Telesites. AT&T would gain access to around 11,000 wireless towers.
By Nacha Cattan and Benjamin Bain / Bloomberg
Carmakers from Nissan Motor Co. to Mazda Motor Corp. are churning out record numbers of vehicles in Mexico destined for consumers abroad. Yet some executives are worried that the factory hum will slow in coming years as exports get bogged down by congestion at the nation’s ports.
The government has targeted 70 billion pesos ($4.6 billion) for port infrastructure through 2018, including building four new terminals in Veracruz. Some automakers are skeptical that the goal will be met or will be enough to handle the more than 5 million vehicles Mexico expects to produce annually by 2020, a 56 percent increase from the country’s 2014 output.
In the past two-and-a-half years, car manufacturers including Toyota Motor Corp. and Daimler AG, have invested or promised $22.6 billion for auto and parts plants, according to the government. That success story, which made the sector the largest source of foreign cash in the country, may be imperiled if the government doesn’t speed up plans for infrastructure improvements.
“Up until now, Mexico has succeeded in attracting more investments,” said Carlos Serrano, chief economist for BBVA Bancomer, Mexico’s biggest bank by loans outstanding. “But there’s going to come a point, when if infrastructure doesn’t get better, it’s going to put Mexico’s continued advance at risk.”
Sentido Comun – Petroleos Mexicanos announced that the construction of 22 vessels progresses after its and the Navy’s engineers reviewed the progress of the program. Pemex plans to spend 3,400 million pesos ($223.4 million) to build the boats.
Sentido Comun -The Federal Electricity Commission (CFE), said it has reduced downtime per user of electricity in the Valle de Mexico by 87.5 percent in the last four years, from 440 minutes in 2010 to 55 minutes in 2014.
Deutsche Welle – Almost half a million people in Mexico’s Tabasco state are still without water, after an oil spill caused by trespassers contaminated local drinking water. Local authorities are scrambling to clean up waterways, reopen water processing plants and distribute bottled water.
Sentido Comun – Road repairs in Guerrero is 99.9 percent completed under the Plan Nuevo Guerrero, a program to rehabilitate roads affected by the hurricanes Ingrid and Manuel in 2013.
Business News America – ONEOK Partners entered into a joint venture with a subsidiary of Fermaca to build a pipeline to transport natural gas to Mexico from the Permian basin in Texas.
Reuters – Mexico is trying to get Chinese state-run companies involved in the construction of a new $11 billion airport as it seeks to make up for a tainted rail tender that soured relations with Beijing, a source with knowledge of the government plan said.
New York Daily News – Fifteen people were reported injured after the Abkatun Permanent oil rig burst into flame in the Gulf of Mexico Wednesday. Nearly 300 workers were evacuated.
Reuters – Asset manager BlackRock and U.S. private equity firm First Reserve have taken a joint stake worth around $900 million in the second phase of Mexico pipeline project Los Ramones. The pipeline will eventually run from the U.S.-Mexico border to central Mexico.
Sentido Comun – President Enrique Peña Nieto opened the Tlaxcala bypass, a 12 kilometer, four-lane project that required an investment of 967 million pesos ($64 million).
Reuters – BlackRock Inc, the world’s largest asset manager, is looking to invest in infrastructure projects in Mexico, according to sources familiar with the situation.
Reuters – Mexican bank Grupo Financiero Banorte expects to set up a $3 billion infrastructure fund in the next few months with a North American partner, CEO Jose Marcos Ramirez said. He declined to say who the North American partner would be.
Reuters – Pemex said on Friday that it had contained a fire at its Miguel Hidalgo refinery and that the facility was back to normal operations. No workers were injured, and the facility near the city of Tula sustained only minor damages, the company said.
Sentido Comun – Spanish infrastructure constructions company Ferrovial is said to be interested in participating in the tender to build the new international airport in Mexico City.
El Dario -The close relationship between Coahuila Gov. Ruben Moreira Valdez and President Enrique Peña Nieto has enabled significant investments in the state, all geared at competitiveness.