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Amazon plans new Mexico warehouse

Stock MarketsSep 13, 2017 10:29AM ET
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© Reuters. Amazon plans new Mexico warehouse

  • Amazon (NASDAQ:AMZN) plans to open a 1M square-foot warehouse in Mexico, per Reuters.
  • Building will complete next year for the warehouse, which will be located near Mexico City.
  • Mexico is home to about 120M potential Amazon customers and the new building will triple the company’s distribution space in the country.
  • The move comes amid NAFTA talks that Amazon hopes will lead to the U.S. raising the value limit on duty-free imports above the $50 currently allowed for online purchases.
  • Previously: Loop Capital initiates Amazon at Buy (Sept. 13)
  • Now read: Amazon: What Is Missing?


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Amazon plans new Mexico warehouse
 

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