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Mondelēz acquires Ricolino for US$1.3 billion

MEXICO – Chocolate and candy maker Mondelēz International said it agreed to acquire Ricolino, from Mexico’s Grupo Bimbo, for approximately…

Constellation Brands to invest US$1.3 billion in Veracruz

VERACRUZ – Constellation Brands is preparing its plant in Veracruz. The company reported that it will invest US$1.3 billion in…

Kohler builds its fourth plant in Nuevo Leon

NUEVO LEON – With an investment of US$200 million, the U.S. company Kohler, leader in faucets and accessories for bathrooms…

LG Magna e-Powertrain inaugurates plant in Coahuila

RAMOS ARIZPE, COAH – LG Magna e-Powertrain, a joint venture between LG Electronics (LG) and Magna International Inc. (Magna), celebrated…

Electricity reform halted

MEXICO – After more than 13 hours of discussion, opposition deputies prevented Andres Manuel Lopez Obrador’s electricity reform from being…

OMA to invest US$356 million in Monterrey

MONTERREY, NL – Grupo Aeroportuario Centro Norte (OMA) announced an investment of US$356 million over the 2021-2026 period to develop…

ABC Technologies expands its plant in Ramos Arizpe

RAMOS ARIZPE, COAH – The ABC Technologies Ramos Arizpe plant announced its expansion with an investment of more than US$40…

DiDi to invest US$149 million in Mexico

MEXICO – On-demand transportation platform DiDi will invest US$149 million in Mexico during 2022, said Juan Andres Panama, DiDi’s General…

Electricity reform could affect investment potential in Mexico

MEXICO – After President Andrés Manuel Lopez Obrador received U.S. Special Climate Envoy John Kerry, the U.S. Embassy in Mexico…

SSA Mexico to invest US$30 million in Manzanillo

MANZANILLO – SSA Mexico reported that thanks to a very active first quarter in the terminals it operates in the…

Watlow Mexico inaugurates new production plant in Queretaro

QUERETARO, QRO – The US Company Watlow Mexico inaugurated its fourth production plant in Queretaro, which had an investment of…

Mexico and Spain to boost investment

MEXICO – The governor of Queretaro, Mauricio Kuri Gonzalez, held a meeting with the Mexican ambassador to Spain, Quirino Ordaz…

Puebla expects 12 clean energy projects

PUEBLA, PUE – The Mexican Confederation of Employers (Coparmex) informed that there are 12 national and foreign companies that want…

Marcelo Ebrard invites Saudi businessmen to invest in Mexico

MEXICO – Foreign minister Marcelo Ebrard invited Saudi Arabian businessmen to invest and do business in Mexico, in sectors such…

Cummins moves its operations to Mexico

SAN LUIS POTOSI – Cummins, a US supplier to the automotive industry, announced the start-up of the manufacture of new…

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