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Project number US


CANADA BRAZIL ARGENTINA MEXICO


Capex ($bn) US


CANADA BRAZIL ARGENTINA MEXICO


LATEST INVESTMENTS


AUTOMOTIVE TRATONBACKSBRAZIL Traton Group, a subsidiary of Germany-based Volkswagen, is to invest $393mto expand its plant in Resende, Brazil between 2021 and 2025. The expansion will result in the creation of 550 jobs.


BIOTECHNOLOGY VIRUSSITEFORVIBALOGICS Germany-based Vibalogics, a viro- therapy contract development and manufacturing organisation, will invest $150m to establish a viral manufacturing site in Boxborough, Massachusetts. The firm will create 100 jobs at the 10,220 sqmsite when it opens in the second half of 2021. It will support Janssen Pharmaceutical Companies to develop a coronavirus vaccine.


FOODANDBEVERAGES HEINEKENCRACKSOPENBRAZIL Netherlands-based brewing company Heineken has announced its plans to open a production facil- ity in Pedro Leopoldo, Brazil. The company will invest 1.8bn reais in the plant, which is expected to create 300 jobs. The facility will serve the local market.


HOTELS&TOURISM PERUADDSTWOHOTELS Inversiones y Rentas Ingevec, a subsidiary of Chile-based Ingevec, is to open two hotels in Peru. The first in San Isidro is scheduled to open in the second quarter of 2021, while the second in Lima will open in 2021.


LOGISTICS VIVAAIR’SCOLOMBIAMOVE Viva Air, a subsidiary of Ireland- based Irelandia Aviation, has opened a base in Cali, Colombia. It will connect directly with Santa Marta and Barranquilla.


METALS MEXICOMOVEFORTIMKEN US-based Timken, a specialist engi- neering company, has opened a manufacturing facility in San Jose Iturbide, Mexico. It will produce tapered roller bearings and will serve customers across the Americas and globally.


REALESTATE SONDERCREATESCANADIANJOBS Hospitality Sonder Canada, which provides real estate services and operates as a subsidiary of US-based Sonder, has announced a $182m investment to expand its interna- tional growth centre in Montreal, Canada. It will create 700 jobs from 2021 to 2025. In support of the project, the firm has been approved for a $30m loan through Investissement Québec.


RENEWABLEENERGY RENESOLAPOWERSCALIFORNIA China-based ReneSola, a provider of solar photovoltaic modules, is set to develop a 20-megawatt solar power plant in Madison, California. The project will comprise 6.5 MW/26 MWhof battery storage. The solar array is due to become operational by the third quarter of 2022.


This investment news and data has been provided by fDi Markets, a crossborder investment tracking service that is part of The Financial Times Ltd’s fDi Intelligence division (www.fdiintelligence.com)


STATS


AMERICAS TOPCOUNTRIES FOR GREENFIELDFDI IN BIOTECHBY PROJECT NUMBER (2003-2020)


100 150 200 250 300 350 400


50 0


Source: fDi Markets February/March 2021 www.fDiIntelligence.com


AMERICAS TOPCOUNTRIES FOR GREENFIELD FDI IN BIOTECHBY CAPEX (2003-2020)


12 15


0 3 6 9


Source: fDi Markets 51


Americas T


Viewfromthe


helifesciencessector hasaccountedformore


than$230bnofworldwide greenfieldFDIprojects since2010.IntheAmericas,


90%ofinboundlifescienceFDI originatesfrom16countries,butonly fivecountriescapture90%ofthose newinvestments.TheUShasearned 64.7%ofinboundgreenfieldprojects overthepast18years,followedby Canada(7.7%),BrazilandMexico(6.5% each)andCostaRica(4.7%). Theglobalageingpopulation isa


leading factor forarise in age-related diseasesand,asaresult, increasedFDI inthelifesciencessector.Longerlives bringsocialandeconomic opportunities,butalsohigherdegrees of age-associatedhealth risksand economiccosts, includingan estimated$1.2tn attributedtocancer annually.Consequently,arapidly emergingsub-sector isdedicatedto early-stagediseasedetection. Take, forexample,ourclient,the


California-basedGrail,whichrecently announceda400-job,$100m commercialscale facility inNorth Carolina.Mycolleagues, including co-author for thiscolumn,Alan Reeves,workedwithGrailontheir location strategy.Thecompany combinestraditional clinical techniqueswithnew,advanced bioinformaticsandmachinelearning to identify invasivecancer signalswith highaccuracy. Their story— innovativediagnostics, just fiveyears old,withmorethan$2bninfunding andaneedto rapidlyscale—isbeing repeatedaslifesciencespecialisations increasingly integratewiththeworld oftechanddatascience. Thescience,fundingandbusiness


models for lifesciencescompaniesare evolving. Traditional investment destinations—thekeycountriesand metro clusters—in this sector will continuetoseeinvestment.Recent trends,however,showthat sector diversification is creatingmore opportunities forcommunities beyondthecoremarkets. Still, policy- makersacrosstheAmericasmust respondtotheneedsof this rapidly changingindustry. ■


Gregg Wassmansdorf is a senior managing director, consulting, at Newmark, a global commercial real estate services firm, and also a member of the Site Selectors Guild. Email: gwassmansdorf@ngkf.com


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