MEXICO | MARKET INSIGHT The construction industry, which represents
roughly 60% of national steel demand, could generate an additional three million tonnes of steel demand annually by 2030. Moreover, according to data released by the economy ministry in June 2026, Mexico attracted total foreign direct investment (FDI) of MXN441.4bn (US$23.6bn) in the first quarter of 2026, representing year-on-year growth of 10.4% compared with the same period in 2025. In May 2026, French multinational Saint-Gobain announced an investment of MXN15.9bn (US$850m) to develop infrastructure and consolidate industrial supply chains linked to construction and manufacturing in Nuevo León. Also in May 2026, the Toluca city government announced plans for MXN4.3bn (US$231m) in new investment across manufacturing and industrial
infrastructure. This includes the MXN1.6bn (US$86m) VCO Parque Toluca project, comprising MXN299.3m (US$16m) for industrial park development, and more than MXN7.3bn (US$70m) from SEG Automotive to produce electric vehicle motors, with a further MXN935.3m (US$50m) planned through 2027. In addition to this, in March 2026, Bajaj
MotoDrive, a motor vehicle dealer in Mexico, announced plans to invest MXN2.7bn (US$145m) by mid-2028 in a motorcycle assembly plant, which has the annual production capacity of nearly 500,000 units, and, therefore, will be responsible for roughly 2,500 direct and 6,000 indirect jobs. These investments are expected to
expand industrial capacity, strengthen local supply chains and reinforce Toluca’s role in Mexico’s growing e-mobility and advanced manufacturing sectors.
Industrial construction projects pipeline, value by stage ($ million)
Pipeline insights The industrial construction projects pipeline in Mexico, as tracked by GlobalData and including all mega projects with a value above $25m, stands at $71.6bn. The pipeline, which includes all projects
from pre-planning to execution with a value above $25m, is heavily skewed towards early- stage projects, with 61.6% of the pipeline value in projects at the pre-planning and planning stages as of June 2026. The largest project in the pipeline is the $10bn Ixtepec Green Hydrogen Plant project, which is currently in its planning stage and involves the construction of a green hydrogen plant. The pipeline also features the $7.3bn Garcia
H2 Vitro Electrolytic Plant, which is currently in its planning stage and involves the construction of a hydrogen production plant on 7,251m2 tube trailer filling area, a control room, parking
, a
0
10,000
20,000
30,000
40,000
50,000
Industrial construction output by project type (real, $ million), 2021–30 Source: GlobalData
30,000 25,000 20,000 15,000 10,000 5,000 0
Source: GlobalData Chemical and pharmaceutical plants Manufacturing plants Metal and material production and processing plants Waste processing plants
ochmagazine.com | Fall 2026 11 Pre-planning Planning Pre-execution Execution
60,000
70,000
80,000
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
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