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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…