Processed Food News

Monitoring systems manufacturer SpotSee opens new facility in Chihuahua
SpotSee, a Dallas-based developer and manufacturer of shock and vibration monitoring systems through low-cost connectivity and data, announced it has opened a new facility in Chihuahua, Mexico, to better reach its customers, more easily manufacture products in-house and continue its global expansion...
Mexican beer accounts for 67% of imported brews in the US market
Two out of every three imported beers consumed in the United States last year was provided by Mexico, which remains the absolute leader of this niche, although that market represents only 13% of total beer consumption in the neighboring country. This preference for Mexican beer led to an increase o...
Grupo Modelo to establish services center for Latin America in Aguascalientes
Grupo Modelo announced a US$ 5 million investment to expand its Regional Services Center in Aguascalientes, in order to become the center of operations for Latin America. In the expanded facility, the group will carry out sales, legal, logistics, human resources and marketing analysis processes, se...
Despite healthy growth in Europe, Nemak profits fall 10.4% during 2017
Despite a healthy growth in Europe and operations in North America and the rest of the world remaining stable, Nemak S.A.B. de C.V. saw its quarterly earnings (EBITDA) fell 10.8% at the end of 2017 to US$ 166 million, due to fluctuations in aluminum prices and expenses from the launch of new program...
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...