Tag: Mexico

Bunge to sell Mexico mills to Grupo Trimex as part of portfolio optimization strategy

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MEXICO – American agribusiness and food company Bunge has agreed to sell seven Mexican wheat flour mills to  Mexico’s largest flour miller Grupo Trimex.  World Grain reported that the sale for an undisclosed amount continues a recent trend by Bunge to optimize its portfolio to focus on core businesses.  Portfolio optimization has been regarded as a top priority of Bunge chief executive officer Greg Heckman who has been at the helm of the American commodity trading giant since 2019.   The plants involved in the transaction are located in Campeche, Mexico City, Acapulco, Guadalupe, Queretaro, Navojoa…

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Mexico becomes the latest country to join the International Dairy Federation

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BELGIUM – Mexico, the 16th largest producer of milk in the world, has joined the International Dairy Federation(IDF), bolstering the federation’s members and expanding its global reach and influence.  Based in Brussels, Belgium,  IDF is a recognised international authority in the development of science-based standards for the dairy sector.  The body plays an important role in ensuring the right policies, standards, practices and regulations are in place to ensure the world’s dairy products are safe and sustainable.  In a statement, IDF said that as a member of the federation, Mexico will benefit from being part of a dynamic…

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Mexican bottler and retailer FEMSA appoints Daniel Rodriguez as CEO

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MEXICO – Mexican multinational beverage and retail company Fomento Económico Mexicano, S.A.B. de C.V., doing business as FEMSA has appointed Daniel Rodriguez as CEO, effective January next year.  Rodriguez succeeds Eduardo Padilla, who has been at the helm of the largest independent Coca-Cola bottling group in the world since  2018.  Daniel Rodriguez joined FEMSA in 2015 and currently leads the Femsa Comercio division including the vast chain of Oxxo convenience stores.   Femsa said in a statement that Rodriguez will focus on “growth and innovation along with sustainability, inclusion, and diversity.”  Earlier this year, FEMSA expanded its footprint in…

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Diageo to expand presence in artisanal spirits market with acquisition of agave spirits maker Casa UM

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MEXIC0 – British multinational alcoholic beverages company Diageo is set to expand its presence in artisanal spirits markets with the acquisition of agave spirits maker Casa UM for an undisclosed sum.  According to a statement from the drinks giant, the acquisition will Casa UM will give it ownership of artisan brand Mezcal Unión  which is popular in Mexico.   As part of the deal, Mezcal Unión’s founders will continue to be involved in the business to support the brand’s future success and growth.  Diageo has worked in partnership with Mezcal Unión since 2016, providing expertise and supporting growth…

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Grupo Bimbo posts strong Q2 results, sells AI-focused subsidiary to Mekitec

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MEXICO – Mexican multinational baking company Grupo Bimbo has reported strong Q2 results where net sales grew 6.6% driven volume growth in multiple categories, mainly snacks, confectionery, buns and rolls, and pastries.  During the quarter ending June 30th, Grupo Bimbo generated record profits while boosting return on equity by 280 basis points.  Regionally, the company’s North American business remained resilient amid a pandemic and managed to deliver sales growth of 0.9% buoyed by a strong delivery of the group’s branded business led by sweet baked goods, buns and rolls, and snacks.  In Mexico, sales rose 14.7%, attributable…

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Azelis opens new innovation center to bolster position in Mexico’s food ingredients market

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Mexico – Azelis is seeking to strengthen its position in Mexico’s food ingredients and specialty chemical markets with the opening of a new full-service innovation center in Mexico City.  According to a report by FoodBev, Azelis-owned Megafarma will be responsible for the innovation center featuring five industry-specific application labs for Food, Pharma, Plastics, Personal Care and CASE (coatings, adhesives, sealants, elastomers).  Azelis says that application labs will provide custom formulations, product development, regulatory compliance, problem-solving, and sales support to these dynamic and constantly evolving market segments.  The center will also host virtual and live customer seminars, interactive formulation workshops, and hands-on technical training…

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Kerry expands presence in Latin America with new taste facility in Mexico

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MEXICO – Kerry, a multinational food ingredients company based in Ireland, has announced the opening of a new taste facility in Irapuato, Mexico, as it looks to strengthen its position in the Latin American market. According to Kerry, the new facility is expected to significantly expand the company’s offerings across a range of food and beverage categories, including refreshing and alcoholic drinks, snacks, meat, dairy and bakery. The facility is expected to primarily serve Kerry’s customers in Mexico, Central America, the Caribbean and the Andean region. According to Marcelo Marques,…

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Food equipment supplier Heat and Control builds new facility in Mexico to expand manufacturing capabilities

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MEXICO – Heat and Control, Inc., a world-leading equipment manufacturer and food/non-food processing industry supplier, has started construction of a new manufacturing facility in Mexico. The facility which is expected to cover an area of  728,554 sq. ft. (67,685 sq. m)  will become the largest of the Heat and Control properties once fully completed and operational. It will boast of a number of state-of-the-art facilities including a warehouse, manufacturing, R&D and demonstration center, and offices. According to the company, the manufacturing area is expected to have a footprint of 246,041…

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SIG to build US$48m plant in Mexico to support continued growth in North America

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MEXICO – Switzerland-based aseptic carton packaging manufacturer, SIG Combibloc, has announced that it will invest around €40 million (about US$48 million) to construct a new production plant in Queretaro, Mexico. This is in an effort to support the company’s continued growth in North America. The facility is expected to open in the first quarter of 2023, creating around 200 jobs. It will particularly enable the company to establish “state-of-the-art” production capabilities for the printing, cutting and finishing of carton packs. SIG says the new facility will also bring it closer…

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Palsgaard opens new facility in Mexico to meet rising customer demands in Latin America

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MEXICO – Palsgaard,  the world’s only full-service emulsifier and stabiliser company,  has opened a new Mexican facility in San Luís Potosí to better position it for continuing growth and in responding to the demands and requests of our customers in Mexico and Latin America. The new 65,000 m2 facility houses offices, common areas, factory, temperature controlled warehouses and state-of-the-art application centres within bakery, confectionery, dairy, ice cream, lipids and meat. With the new facility, Palsgaard says its application teams will welcome customers, either virtually or in person to help test…

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