Sentido Comun – Magna International, a Canadian auto parts supplier, announced the opening of its new production plant for automobile seats in Allende in the state of Coahuila.
Airways News – Delta Air Lines tendered a cash offer for an additional 32 percent stake in AeroMexico, building upon its existing 4.1 percent ownership of the company and purchase options for an additional 12.7 percent ownership shared with a pension trust for Delta’s employees.
Reuters – Mexican home builder Geo, which recently restructured its heavy debt load, said it won shareholder approval to raise up to 3.5 billion Mexican pesos (about $210 million) to bring its operations back to normal and boost growth.
CNNExpansión – Moody’s Investors Service lowered from stable to negative its ratings outlook for Televisa due to higher leverage of the company without expectations of a significant reduction in debt in the next 12-18 months.
Plastics News – Canadian mold maker Rocand Inc. is opening a manufacturing operation in Silao, Mexico, to supply local customers.
Sentido Comun – Qualitas Controladora said it had sales of 1,466 million pesos ($88 million) in October, 9.2 percent more than the same month in 2014, maintaining the rally of the past five and a half years.
Sentido Comun – AeroMexico launched a training simulator to fly the Boeing 787, which becomes the first airline to incorporate this technological tool in Mexico and Latin America.
Sentido Comun – Nacional Monte de Piedad, one of the leading pawn shops in Mexico, opened its 318th branch in Mexico City as part of its plan to serve more people.
Reuters – A Mexican consulting firm, Aidndia, plans to raise up to 21 billion pesos ($1.26 billion) through public offerings of certificates for an infrastructure and energy investment vehicle.
Sentido Comun – Petroleos Mexicanos announced that after nearly five months of negotiations, it has reached an historic agreement with the Union of Oil Workers of the Mexican Republic to reduce the monetary weight of its current pension system.
Street Insider – TransCanada has been chosen to build, own and operate the Tuxpan-Tula Pipeline in Mexico. TransCanada expects to invest approximately$500 million in the 36-inch diameter pipeline and anticipates an in-service date in the fourth quarter of 2017.
Fuel Fix – Pipeline giant Kinder Morgan and private equity shop TrailStone plan to form a Mexican natural gas marketing company. The company, operated by TrailStone, will sell natural gas to industrial customers and power plants in the Monterrey area.
Sentido Comun – Dunkin’ Donuts has signed an agreement with the Mexican company, Grupo CF Northeast, to open 25 restaurants in eight states in Mexico.
Reuters – Mexico’s telecommunications regulator fined a unit of Spain’s Telefonica a record 410.9 million Mexican pesos ($25 million) for not complying with quality controls. The fine was imposed in response to the high number of dropped calls by Pegaso, owned by Mexico’s No. 2 wireless operator Telefonica , and was the largest sanction in its two-year history.
Sentido Comun – Fibra Inn has signed an agreement to acquire for 678.7 million pesos ($40.4 million) four hotels in the state of Chihuahua.
Sentido Comun – Pioneer Corp., a Japanese producer of components for automobiles, announced that invest $250,000 to establish a new production facility in the Bajio region.
CNNExpansión – Mexico is the sixth largest producer of beer, but soon will be the fourth, ahead of Russia and Germany. The nation’s beer companies are undertaking huge investments so the country will close the year with a volume of 125 million hectoliters, 39 percent more than in 2014.
Sentido Comun – Grupo Simec, a steel company specializing in the production of special steels, said it will invest, together with its parent company Industrias CH, about $600 million to build a new plant producing such steels in Tlaxcala.
Sentido Comun – Aeromexico said passenger traffic rose 5.8 percent in October over the same month last year, the second smallest gain so far this year and the lowest increase in October in the last three years.
Sentido Comun – Grupo Aeroportuario Centro Norte, OMA, said passenger traffic at its 13 airports increased 12.8 percent in October over the same month last year, the 12th straight double-digit increase.