Nouryon, formerly AkzoNobel, completes US$ 14 million expansion to double output capacity
Nouryon (formerly AkzoNobel) announced it has more than doubled capacity for emulsion-based organic peroxides at its site in Los Reyes,…
Fibra Prologis puts on sale up to US$70 million worth non-strategic assets
Fibra Prologis will sell non-strategic assets to institutional investors with a value ranging from US$50 million to US$70 million before…
Herdez endorses investment plan
MEXICO — Grupo Herdez will maintain its investment project for Mexico, despite the change of party in the Government of…
GCC’s net income drops as new acquisitions, expansions come online
Grupo Cementos de Chihuahua (GCC) closed last year with a decline in sales both in Mexico and the United States,…
AMLO presents council to promote investment, employment and economic growth
MEXICO — President AndrĂ©s Manuel LĂłpez Obrador presented at Palacio Nacional the “Council for the Promotion of Investment, Employment and…
Vesta reported a 26.1% drop in its 2018 profit
MEXICO — The developer of industrial real estate and distribution centers, Vesta, reported on Thursday its financial results where it…
Nuevo Laredo takes off with 30% more passengers
NUEVO LAREDO — The Nuevo Laredo International Airport reported an increase of 32.3% regarding the transfer of passengers during the…
European Union will recognize “jalapeño” as a Mexican product
MEXICO — Following the conclusion of the negotiations of the Free Trade Agreement between the European Union and Mexico (TLCUEM),…
Total company will increase its capacity for fuel supply
TUXPAN — Total signed an agreement with Tuxpan Port Terminal and Servicios y Terminales de Tuxpan to become the anchor…
Pemex will receive US$5,200 million this year
18 February, 2019MEXICO— For its financial strengthening, PetrĂłleos Mexicanos (Pemex) will have additional revenues of US$5.2 billion this year, which will come…
The airline with the youngest fleet
18 February, 2019MEXICO— According to figures from DirecciĂłn General de Aeronáutica Civil (DGAC), the airline that reported the youngest fleet was Viva…
Nemak’s net income up 5.6%; secures new contracts for electric vehicles worth US$280 million
18 February, 2019Monterrey-based automotive parts manufacturer Nemak posted fourth quarter net income of US$38 million, up 5.6% compared to same period of…
By 2021, 80% of BorgWarner’s business will be electrified vehicle-related
18 February, 2019Last week, BorgWarner Inc. reported fourth-quarter net income of US$230 million, compared to a loss of US$146.2 million in the…
Trump receives automotive tariff probe report; Mexico likely to be exempted
18 February, 2019U.S. Secretary of Commerce Wilbur Ross on Sunday submitted the findings of a probe on whether imported vehicles and auto…
Tenneco aftermarket, ride performance spinoff to be called DRiV Inc.
18 February, 2019Tenneco announced its spinoff aftermarket and ride performance company will be called DRiV Incorporated. The publicly-traded company will launch in…
We need only one airport: Aeroméxico
15 February, 2019MEXICO — AndrĂ©s Conesa, CEO of Grupo AeromĂ©xico, assured that the airline will not operate two or more airports to…
French group Novares acquires Wisconsin-based manufacturer MPC, including one plant in Sonora
15 February, 2019Novares announced the acquisition of Wisconsin-based Miniature Precision Components (MPC), a thermoplastic company that produces highly engineered plastic components and…
Israel-based irrigation solutions supplier Rivulis opens manufacturing plant in Guanajuato
15 February, 2019Rivulis, an Israel-based designer y manufacturer of micro irrigation solutions, announced today that it is expanding its global footprint with…
Driven by higher truck production in North America, Cummins posts record sales, profits
15 February, 2019Cummins Inc. reported increases in fourth-quarter sales and profits compared to a year ago, which helped lead to a record…
Schaeffler opens state-of-the-art aftermarket center in Cuautitlan Izcalli
15 February, 2019Global automotive and industrial supplier Schaeffler celebrated the grand opening of its new, state-of-the-art Automotive Aftermarket assembly and packaging center…
