Manufacturing News

Cementos de Chihuahua quarterly earnings hike 58% on higher sales in Mexico, US
Grupo Cementos de Chihuahua (GCC) reported a 58.4% increase in earnings to US$ 71.3 million (EBITDA) during the fourth quarter of 2017, primarily due to higher cement and concrete sales in Mexico and the U.S. as well as a 6.2% cement price increase, according to a company statement to the Mexican St...
ArcelorMittal investing US$1 billion in Mexico
ArcelorMittal, one of the largest steel companies in the world, made an announcement last September of investment plans for Mexico, focused on becoming specialized while increasing the Company's participation in the hot rolled (plated steel) segment, which is currently in the hands of importers. The...
Report: Mercedes-Benz to build sedans, crossovers at Mexican plant
Aside from its all-new A Class compact sedan, Mercedes-Benz plans to produce a seven-passenger crossover utility vehicle (CUV) at its new plant in Aguascalientes, Mexico, which will start operations later this year. This according to a new report by AutoNews. The Mercedes-Benz GLB family vehicle wi...
Grupo Simec starts up US$ 600 million production line at Tlaxcala facility
Grupo Simec, a Mexican steel products manufacturer with operations in the United States, Mexico and Canada, last week started up a new production line for wire rod coils at its Apizaco, Tlaxcala facility. After 26 months of construction work and equipment installation, the first billet rolled out o...
Mexichem completes acquisition of irrigation giant Netafim Ltd. for US$ 1.9 billion
Mexico-based plastics and chemicals manufacturer Mexichem SAB de CV announced it has completed the acquisition of an 80% stake in Netafim Ltd., an Israel-based drip-irrigation developer and producer in an all-cash deal worth US$ 1.895 billion. Mexichem bought its shares from London-based private eq...