{"id":38481,"date":"2026-05-09T13:58:06","date_gmt":"2026-05-09T13:58:06","guid":{"rendered":"https:\/\/www.europesays.com\/canada\/38481\/"},"modified":"2026-05-09T13:58:06","modified_gmt":"2026-05-09T13:58:06","slug":"canadas-sicc-to-invest-2-billion-in-mexican-pharmaceuticals-plant","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/canada\/38481\/","title":{"rendered":"Canada\u2019s SICC to invest $2-billion in Mexican pharmaceuticals plant"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Mexican Economy Minister Marcelo Ebrard visited Canada on a two-day trade mission this week.Henry Romero\/Reuters<\/p>\n

Solar International Core Canada signed an agreement with the central Mexican state of Hidalgo to invest $2-billion in building a factory for active pharmaceutical ingredients, Mexican and Canadian authorities said on Friday.<\/p>\n

The announcement came as Mexican Economy Minister Marcelo Ebrard visited Canada on a two-day trade mission alongside hundreds of Mexican business representatives, during which Canada said over 10 memorandums of understanding were signed.<\/p>\n

According to Mexican authorities, as part of the MOU signed between SICC\u2019s CEO Babak Arefpour and Hidalgo State Secretary for Economic Development Carlos Henkel, SICC said it would set aside $70-million to buy a plot of land in Zapotlan, where it plans to build the plant.<\/p>\n

Process Research Ortech Inc. also agreed to consider investing $380-million in a battery materials processing plant in Puebla state.<\/p>\n

Separately, INTE Modular said it was considering investing up to $360-million in a modular housing plant in Mexico\u2019s southern Chiapas state.<\/p>\n

Sustainable Agave Holdings Ltd. also said it was considering investing $100-million in an agave pulp plant in Jalisco state.<\/p>\n

\u201cWe ended the day with a $2-billion investment for Hidalgo. That alone made the entire mission worthwhile, although we are seeing many more results,\u201d Ebrard said in a statement.<\/p>\n

Ottawa added that Mexico\u2019s Grupo Bimbo, one of the world\u2019s top producers of baked goods, agreed to spend around $146-million to modernize its Canadian facilities.<\/p>\n

During the mission, Ebrard and Dominic LeBlanc, Minister of Internal Trade, discussed strengthening the U.S.-Mexico-Canada trade agreement, which is currently undergoing a review.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Mexican Economy Minister Marcelo Ebrard visited Canada on a two-day trade mission this…\n","protected":false},"author":2,"featured_media":35903,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[164,224,238,214,212,239,17,211,230,231,227,213,210,235,171,234,143,222,249,215,216,229,225,226,219,240,220,244,245,247,242,246,94,243,217,142,233,113,232,241,223,236,237,228,221,218,248],"class_list":{"0":"post-38481","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-canada","8":"tag-alberta","9":"tag-arts-news","10":"tag-bc","11":"tag-breaking-news","12":"tag-breaking-news-video","13":"tag-british-columbia","14":"tag-canada","15":"tag-canada-news","16":"tag-canada-sports","17":"tag-canada-sports-news","18":"tag-canada-trafficcanada-weather","19":"tag-canadian-breaking-news","20":"tag-canadian-news","21":"tag-economy","22":"tag-education","23":"tag-environment","24":"tag-federal-government","25":"tag-foreign-news","26":"tag-globe-and-mail","27":"tag-globe-and-mail-breaking-news","28":"tag-globe-and-mail-canada-news","29":"tag-government","30":"tag-life-news","31":"tag-lifestyle","32":"tag-local-news","33":"tag-manitoba","34":"tag-national-news","35":"tag-new-brunswick","36":"tag-newfoundland-and-labrador","37":"tag-northwest-territories","38":"tag-nova-scotia","39":"tag-nunavut","40":"tag-ontario","41":"tag-pei","42":"tag-photos","43":"tag-political-news","44":"tag-political-opinion","45":"tag-politics","46":"tag-politics-news","47":"tag-quebec","48":"tag-sports-news","49":"tag-technology","50":"tag-travel","51":"tag-trudeau","52":"tag-us-news","53":"tag-world-news","54":"tag-yukon"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/38481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/comments?post=38481"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/posts\/38481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media\/35903"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/media?parent=38481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/categories?post=38481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/canada\/wp-json\/wp\/v2\/tags?post=38481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}