Not counting the multi-million dollar investment in a plant announced by Volvo in Ciénega de Flores, Sweden has a foreign direct investment (FDI) in Mexico of three thousand 118 million dollars since 1999 through 264 companies, of which nine of them are established in Nuevo León.
This is according to the latest information reported to the National Registry of Foreign Investments by Mexican companies with foreign investment in their share capital as of June 5, 2024, after a query made by the MILENIO-Multimedios platform to the stock of at least 70 thousand registered companies.
Of the nine companies installed in the state, five of them are located in San Pedro Garza García; one in Monterrey; another in Santa Catarina, one more located in the municipality of García, and finally, a company located in Apodaca. With Volvo, there will be 10 investments from that Scandinavian nation.
The registration of the first company of Swedish origin established in Nuevo León dates back to September 21, 2000 with the firm IBS Solutions México, SA de CV, which is dedicated to the manufacture of computers and peripheral equipment, and was established in the Santa María neighborhood, in Monterrey.
Two more companies from that country followed later, which were established in 2002 and 2006 in the center of San Pedro Garza García, a municipality where three more were later established in the Del Valle, Residencial San Agustín and Hacienda del Valle neighborhoods from 2008 to 2018.
The five companies that were established in San Pedro are in the fields of computer and peripheral equipment manufacturing, a placement agency, two art schools and private high school education, beauty salons and clinics.
Inelectra North America, SA de CV, arrived in the center of García with the personal services business and registered its investment on February 16, 2007 with the federal Ministry of Economy.
Sweden is also present through Ambiendesigns Mexico, SA de CV, an industrial design company that was established on November 30, 2010 in the Rincón de las Huertas neighborhood, in the municipality of Santa Catarina.
Aim Servicios Administrativos, S de RL de CV, is the last company in the business administration services business that was established in Nuevo León, in the Huinalá area, in Apodaca, on November 19, 2021.
The investment of 700 million dollars that Volvo announced does not yet appear in this registry as of June 5, 2024.
However, Mexican companies with foreign investment in their share capital have 40 business days to request their registration in this registry.
“Therefore, the companies that received foreign investment in their share capital in recent months (last July and August) are in the process of registration and do not appear on this list,” says the website of the federal Ministry of Economy.
According to the federal agency, from January 1999 to June 2024, Mexico has received a total of 3,118 million dollars in Foreign Direct Investment from Sweden, distributed in accounts between companies (1,056 million dollars), reinvestment of profits (1,047 million dollars) and new investments (1,015 million dollars).
In the period from January to June 2024, FDI from Sweden to Mexico reached 65.4 million dollars, not counting the 700 million dollars announced last week by Volvo in Nuevo León.
From January to June 2024, the states that received the most FDI from that European country were the State of Mexico (15.3 million dollars), Aguascalientes (12.3 million dollars) and Chihuahua (11.7 million dollars).
Historically (from January 1999 to June 2024) the states that have received the most FDI from Sweden are the State of Mexico (703 million dollars), Querétaro (585 million dollars) and Chihuahua (528 million dollars).
Volvo will arrive in Nuevo León after purchasing a 127-hectare plot of land located on the highway to Ciénega de Flores.
Source: milenio
