Processed Food News

Thailand-based Indorama Ventures acquires DuraFiber plant in Queretaro
Indorama Ventures Public Company Limited (IVL), a Thailand-based global chemical producer, announced that it has entered into an agreement to acquire DuraFiber Technologies México Operations, S. A. DE C. V. (DFT), in a move to expand its reach in the automotive sector on the back of rising demand f...
Mexichem acquires 80% of Israeli irrigation giant Netafim Ltd. for US$ 1.9 billion
Mexichem SAB de CV has agreed to acquire 80% of Israel-based irrigation giant Netafim Ltd. in an all-cash deal worth US$ 1.895 billion, a transaction the Mexican plastic and chemical products manufacturer expects to complete before the end of the year. With total sales of US$ 855 million for the ye...
Proposal to change cane for berries
Migrating part of the 70 mil hectares of the cane crop in Jalisco for berries, a more productive crop, is the proposition made by the Secretary of Rural Development (Seder), Hector Padilla Gutierrez, at the Aneberries International Congress. The Secretary pointed out that traditional crops should be...
Nestle plans a US$ 100 million upgrade to its 17 Mexican facilities
Swiss food and beverage giant Nestle intends to invest about US$ 100 million to upgrade its 17 plants in Mexico this year, a Nestle Mexico official said in an interview with Forbes Mexico. The investment includes improved equipment, factory expansions, increased use of renewable energy sources, and...
MillerCoors names Crown’s Monterrey facility 2016 Supplier of the Year
MillerCoors has named Crown Beverage Packaging Mexico, a business unit of Crown Holdings, Inc. as its 2016 Packaging Materials Supplier of the Year. Crown’s facility in Monterrey, Mexico supplies MillerCoors with crowns and aluminum roll on closures for glass bottles. “Crown Mexico has been a l...

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