Processed Food News

Technological innovation consolidating Mexico in the agri-food sector
The agricultural technological innovation is the backbone to consolidate Mexico as an agri-food powerhouse and it represents a motor of change to improve the life of producers. The strategy of the government office has been defined through joint public and private investment, innovation and the spe...
Crown Holdings' 2Q results hit by exchange rate; Mexican plant on schedule to open in 2018
Package manufacturer for food and beverages Crown Holdings, Inc. reported net sales in the second quarter for US$ 2.16 billion compared to US$ 2.14 billion in the second quarter of 2016, reflecting increased global beverage can volumes and the pass through of higher raw material costs, partially off...
Grupo Bimbo acquires US-based East Balt Bakeries for US$ 650 million
Grupo Bimbo has entered into an agreement to acquire US-based foodservice supplier East Balt Bakeries for US$ 650 million cash and debt free. The Mexican conglomerate expects to enter into eight new countries in Asia, the Middle East and Africa through this acquisition. East Balt is a foodservice-f...
Plans for Constellation Brands brewery in Mexicali remain on track
Plans for a new US$ 1.4 billion brewery in Mexicali remain on track despite opposition from local farmers and the cancellation of a state aqueduct project to supply water to the future facility, said a Constellation Brands spokesperson to The San Diego Union-Tribune this week. The producer and mark...
Lime from Colima entering Dubai and Moscow
By the end of the year, Colima will start exporting lime to the City of Dubai, in the United Arab Emirates. Traders interested on this fruit would pay up to US$6 per kilogram, informed the President of the National Committee Product System Mexican Lime (CONASIPROLIM), Oscar Avalos Verdugo. He explai...