Mexican Sugar Producers Plan More than $1.6 Billion in Project Expenditures

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Researched by Industrial Info Resources (Sugar Land, Texas)--Cane sugar producers in Mexico are developing plans to increase output and improve the reliability and efficiency of their sugar-manufacturing assets. Industrial Info has identified more than 150 capital and maintenance projects in Mexico's sugar sector that have a cumulative investment value of $1.6 billion. Plans include building ethanol units and boilers, installing electric power generation units, adding processing equipment, and annual maintenance programs. Projects range in value from $1 million to $100 million.

Projects listed in the planning stages total 101 worth $1.1 billion, while the sum of expenditures in the approval and engineering stage points to 19 projects, valued at $297 million. For example, Corporacion Industrial Gargonz (Mexico City, Mexico) is developing a $30 million project to increase sugar production from 45,000 tons to 90,000 tons per day at a plant in Veracruz. In another development, Compania Azucarera de los Mochis (Sinaloa, Mexico) is in the early design stages to build a $70 million grassroot sugar refinery in Ahome.

Regarding maintenance expenditures, there are 30 projects with a combined value of $138 million. During the "off-season," manufacturers perform extensive repairs and replacements throughout the manufacturing complex.

Producers will invest more than $750 million to add new power-generating equipment. Plans call for the addition of steam turbine generators, ranging from 5 megawatts to 30 megawatts.

According to Industrial Info's Online Plant Database, Mexico has 55 cane sugar manufacturing plants.

Industrial Info's database of active capital and maintenance expenditures in the Food and Beverage Industry across North America and the Sugar Processing Industry and Water Desalination Segment worldwide has current expenditures of $50 billion and more than 3,000 active projects. The North American portion comes out to more than 1,900 active projects that total more than $29.5 billion.

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Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.