Processed Food News

Report: Samsung to relocate oven production from Mexico to US
Samsung Electronics Co. is in late-stage discussions to invest about US$ 300 million and create 500 jobs at a former Caterpillar factory in Newberry, South Carolina, where it plans to relocate some production of oven ranges now made in Mexico, revealed today The Wall Street Journal. The report cite...
Diageo acquires George Clooney’s Casamigos tequila for US$ 1 billion
London-based spirit drinks distribuitor Diageo has entered into a definitive agreement to acquire Casamigos, which claims to be “the fastest growing super-premium tequila brand in the U.S.” The transaction values Casamigos at up to US$ 1 billion, with initial consideration set at US$ 700 millio...
Open markets in the agricultural sector in Canada, the U.S. and Mexico
Government representatives from the U.S., Mexico and Canada agree on maintaining open markets in the agricultural sector, as well as being transparent so that commerce keeps growing, informed the Ministry of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA). The head of SAGARPA...
U.S. sugar producers support agreement with Mexico
The sugar producing sector in the U.S. embraced the commercial agreement between the U.S. and Mexico. This agreement maintains the access of Mexican sugar into the U.S. market, however reducing the proportion of refined sugar from 40% to 30% and it stipulates that any additional demand for sugar fro...
The agri-food sector engages in the NAFTA renegotiation
Jose Calzada Rovirosa, Minister of Agriculture, will meet his counterparts from the U.S. and Canada to discuss topics related to the renegotiation of NAFTA. This trilateral reunion will serve to "consolidate the achievements and construct better agreements, based on trust, mutual respect and coopera...