Shell opens first service station in $1bn Mexican expansion plan
Shell has opened its first service station in Mexico, with more sites due to start providing Mexican motorists with Shell fuels and retail services over the next few months.
Over the next 10 years, if market conditions continue to develop at their current rates, Shell plans to invest around $1 billion in Mexico. These investments will be channeled into expanding and improving the retail network, improving fuel logistics infrastructure and developing partnerships.
“This is a major milestone for Shell and shows our ongoing commitment to Mexico. As the fifth-biggest consumer of gasoline in the world, it is an important and growing market,” said István Kapitány, Shell Executive Vice President of Retail.
The new service station in Tlalnepantla on the outskirts of Mexico City will also offer freshly-brewed gourmet coffee, healthy fresh food and free Wi-Fi.
Pedro Joaquín Coldwell, Mexican Secretary of Energy welcomed Shell’s entry into Mexico’s burgeoning retail fuel market.
“The opening of fuel stations is important for Mexico, given that there are currently just 11,400 service stations, each serving an average of more than 3,000 vehicles a day,” he said at the opening ceremony.
In addition to Mexico, Shell is investing in several other high-growth markets – such as India, China, Indonesia and Brazil – as part of its expansion strategy for the next decade.
Shell is the largest fuels retailer in the world, with 43,000 retail stations across around 80 countries serving about 30 million customers daily.
