Sigma Alimentos’ profits fall in 2016 due to currency adjusment
Mexico-based meats and dairy business Sigma Alimentos saw a decline on its sales and profitability in 2016 due to weakening of the Mexican peso against the US dollar. Sigma, subsidiary Mexican conglomerate Alfa, posted revenues for US$ 776.8 million, a fall of a 3% compared to previous year. The co...
Sonoco acquires Peninsula Packaging Company; deal includes one Mexican plant
Sonoco, one of the largest diversified global packaging companies, announced a definitive agreement to acquire Peninsula Packaging Company, a manufacturer of thermoformed packaging for fresh fruit and vegetables that operates five manufacturing facilities, four in the United States and one in Mexico...
Mexican producers sell 12.5 tons of mango to the U.S.
Mango producers from the State of Guerrero finalized a distribution agreement to the U.S. after 2 months of negotiation. A 12.5 tons shipment of manila mango was sent out to Laredo Texas, as part of the commercial alliance established by Foods Imports and Mexicana Integradora Costa Grande. One of th...
Korea wants Free Trade Agreement with Mexico
South Korea expects Mexico to start the technical consultations to sign a Free Trade Agreement among the two countries, which shall provide greater dynamism to the commercial relation sustained by these nations, as there is great potential for Mexico to increase its food exports to Korea, informed t...
Grupomar plans to invest US$ 48 million, create 500 jobs
Grupo Marítimo Industrial (Grupomar) announced plans to invest around US$ 48 million on several projects including a new sardine canning plant, a cold storage facility, two boats, and expansions at a shipyard and a packaging site. Half of resources will be invested on a sardine canning plant in En...

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