Nordic companies consider investing in Mexico

Several companies from Denmark, Finland, Norway, and Sweden are considering investments of up to US$5 billion in Mexico over the next three to five years, primarily in sectors such as manufacturing, energy, and pharmaceuticals.

The president of the Nordic Chamber of Commerce in Mexico, Jesus Cortes, noted that these companies’ interest remains strong given the opportunities offered by the Mexican market:
“Announcements by these Nordic companies to invest in Mexico over the next three to five years could total an estimated US$5 billion.”

Currently, there are more than 500 companies headquartered in the Nordic countries that operate in Mexico, while over the past 25 years, these companies’ cumulative investment in the Mexican economy has exceeded US$7.5 billion.

Cortes noted that factors such as nearshoring, access to the US market, and the reorganization of global supply chains have increased Nordic companies’ interest in expanding their presence in Mexico.

The mission was organized by the Wallenberg Group, one of Europe’s most influential business conglomerates, with investments in sectors such as telecommunications, technology, industry, manufacturing, and life sciences. The representative of the Nordic Chamber noted that several companies affiliated with the group already have operations in Mexico, including Electrolux, SKF, Saab AB, and Wärtsilä.