American Industries Plans to Invest 150 Million Dollars in 2023 to Expand its Industrial Real Estate Portfolio in Nuevo León and Chihuahua
- In 2022, the company, an authority in Mexico in the industrial real estate and shelter services sectors, began developing three industrial parks: one in Ciudad Juarez, Chihuahua; another in Apodaca, Nuevo León; and a third in Chihuahua, Chihuahua. Together, the properties add 1.3 million square feet to its portfolio of industrial properties.
- This year, it plans to continue expanding its industrial territorial reserve by further developing the 57-hectare industrial park in Ciudad Juarez that was inaugurated in 2022, as well as starting the second stages of development on its other projects.
Mexico City; January 30, 2023.- American Industries, a Mexican company specializing in industrial real estate and facilitating the establishment of foreign companies in the country, annouced its 2023 plan for investment, expansion and development plan. As part of this, this year the company plans to add 87.7 new hectares to its industrial territorial reserve in northern Mexico by continuing to develop its industrial park located in Ciudad Juarez, Chihuahua, as well as moving on to the second phase of the projects it started in 2021 and 2022, projects which represent a total investment of 150 million dollars.
According to information from the Secretariat of the Economy, as of the end of the third quarter of 2022, Mexico received a record 32.15 billion dollars in direct foreign investment (FDI). The majority of these investments were made in northern Mexico and driven by the phenomenon of nearshoring, or the practice of transferring business operations to a nearby country.
American Industries has undoubtedly been one of the private Mexican companies that have benefitted from this trend with its portfolio of more than 140 industrial properties across Mexico and a presence in 17 industrial parks in its most in-demand areas. The company, which was founded in Chihuahua by businessman Luis Lara Armendariz in 1976, transformed the industrial real estate landscape in Mexico and played a key role in triggering the increase in foreign investment in the northeast area of the country in the 1980s.
Over the last three years, one of the main factors for the increase in foreign direct investment (FDI) in Mexico was the breakdown of supply chains previously based in Asia on which most US and European companies were dependent. As a result of the COVID-19 pandemic, the large distances between the continents, and the general loss of control over these supply chains in Asian countries, the industry as a whole began considering moving their production chains closer to where the finished product is manufactured.
Furthermore, the new United States-Mexico-Canada Agreement (USMCA) is clearly one of the most important factors in attracting new foreign companies to Mexico. “Mexico has the potential to become the newest hot spot for industrial real estate and a center for investment for the American continent. For a few years now, attracted by nearshoring, hundreds of Asian companies have begun setting up in Mexico and we are facilitating their establishment and start-up,’added Liliana Hernández, General Director of American Industries Group.
Last year, the company, which specializes in industrial real estate and administrative shelter services, began developing three new industrial parks. It also built 10 industrial facilities buildings in for the automotive, aerospace, technology, logistics, and manufacturing industries in 6 key regions (Chihuahua, Ciudad Juarez, Apodaca, Guadalajara, Leon, and Queretaro), adding 1.3 million square feet of space to its portfolio. During the same year, it rented 9 of these industrial spaces, with a total of 1.2 million square feet, to foreign companies.
“With this plan for investment, expansion, and development, American Industries is ready to welcome more foreign companies mainly seeking proximity to an available labor force, specialized security, and the infrastructure necessary for carrying out their operations,” added Aáron Gallo, director of Real Estate for American Industries Group. “One of the most important factors for foreign investors is the availability of sufficient electricity, water, and natural gas for their production processes. To meet these needs, we are focusing on finding more sustainable sources of energy and water consumption, as well as the construction of new industrial facilities with green certifications built according to sustainable planning in all our line processes, keeping with international CSR criteria,” highlighted the director.
This year, American Industries will continue developing its newly opened Industrial Park in Ciudad Juárez, Chihuahua built on 5.7 new hectares and will continue developing the second phases of its other parks developed in 2021 and 2022. The first is located in Chihuahua on 54 hectares, and the other in Apodaca on 28 hectares. In total, the three projects add approximately 2 million square feet of space and 13 industrial buildings to its industrial real estate portfolio. In addition, this year the company is looking to acquire additional industrial properties to develop in cities where it has a presence, as well as explore new regions in Mexico for setting up more industrial parks.
American Industries Group
American Industries® is a private Mexican company established in 1976 that has helped over 250 international companies successfully start up and grow their manufacturing and distribution operations in Mexico through Shelter Administrative Services and Industrial Real Estate solutions.