Swiss food giant Nestlé recently announced a $225 million expansion of its pet food factory in Silao, Guanajuato, Mexico. This project is expected to create 94 new jobs at the factory, which currently employs 600. The investment adds to over $770 million Nestlé has poured into the Silao facility over the past decade.
Mexico's financial sector is experiencing a shift as Banamex separates from Citigroup, ending a partnership that began in 2001. Customers can expect a smooth transition with continued use of cards and online banking. Banamex plans to leverage this independence to expand its offerings and invest in digital services.
In early 2024, Mexico set a record with $20.3 billion in Foreign Direct Investment (FDI), up 9% from 2023. This reflects strong foreign investor confidence in Mexico's stable economy. Key investments came from the United States, focusing heavily on the manufacturing sector.
The annual Hot Sale started May 15 and will run through May 23, with over 600 of Mexico’s largest online retail companies and e-commerce sites participating. Whether you're a seasoned online shopper or new to e-commerce, the vast selection of discounts and exclusive offers from top retailers makes this the perfect time to buy.
Jalisco maintains leadership in the generation of jobs, securing its position as the country's third-largest job generator. Over the first four months of the year, the state recorded an impressive 28,037 formal jobs, with 5,768 positions added in April alone.
The 2024 Pacific hurricane season promises to be active, with forecasts predicting up to 18 cyclones threatening Mexico's Pacific coast. Jalisco Civil Protection assures residents they're prepared, with communication channels, warning systems, and emergency teams at the ready.
A massive pre-Hispanic carving, found during construction in Pátzcuaro, Mexico, is now on display at the city's Museum of Popular Arts and Industries. The rare sculpture, likely used in rituals, is estimated to be from the Late Postclassic period (1350-1521 AD). It offers insights into a mysterious art form.
Semiconductor manufacturer Micron Technology recently announced plans to establish a new engineering and operations center in Guadalajara, Mexico, to support its global expansion strategy. This move comes shortly after the company received a $6.1 billion grant from the United States government.
Jalisco, Mexico, has further solidified its position as a magnet for foreign investment in the automotive sector. During the Hannover Messe trade fair, the state secured approximately US$100 million in investments from prominent German companies. These investments are expected to create a significant impact on the local labor market.
A Mexican tourism development firm intends to construct a $1 billion ultra-luxury resort and residential complex named Xala along the coast of Jalisco. Spearheaded by the team behind the Mandarina project, Xala will span 3,000 acres in Costalegre, situated south of Puerto Vallarta.
