Daily Caller – After the tire manufacture Goodyear announced plans to open a plant in Mexico, officials for the United Steelworkers (USW) called the move disappointing but not surprising.
Breitbart – As U.S. oil companies look south of the border in order to take advantage of the new energy reform, one of Mexico’s sad realities surfaces. Drug cartels have unrivaled control of vast territories in that country and in order to exploit the natural resources, American companies will likely have to deal with theft and other crimes from those cartels just like other companies are already doing. In some cases, they will even have to pay protection money.
El Siglo de Torreon – The head of the National Chamber of the Bread and Allied Industries said 15 percent of Mexico’s bakeries closed during the first quarter due to the new tax on consumption of sweets.
Reuters – Goodyear Tire & Rubber Co plans to spend $550 million on a new tire plant in Mexico, a person familiar with the matter said. The Goodyear plant, which will begin operations in 2017, will produce tires primarily for the domestic market.
Core 77 – Heineken is rethinking clubbing conventions and design in Mexico City’s newest lounge destination. It created Pop-Up City Lounge in conjunction with the metropolis’ Mercedes Benz Fashion Week set entirely inside two forty-foot shipping crates.
Reuters – Mexico’s No.2 Coke bottler, Arca Continental, reported a 12 percent rise in its first-quarter profit, helped by stronger sales. The company reported a profit of 1.3 billion pesos ($85.22 million).
Reuters – Mexico’s biggest retailer, Wal-Mart de Mexico, reported a 9 percent increase in its first-quarter profit as sales across its stores picked up. The company reported a profit of 5.174 billion pesos ($339 million).
Sentido Comun -The United Food & Commercial Workers Union (UFCW) union has filed a complaint with the National Banking and Securities Commission against Grupo Comercial Chedraui for not disclosing to investors the magnitude of the labor and health conflict in some of its US stores operating under the brand Super.
Sentido Comun – Capital I Reserve said it plans to invest up to 500 million pesos ($32.5 million) investment plan for the housing developer Corporacion Geo to eliminate its financial problems.
Sentido Comun – Grupo Alfa said it might undertake an initial public offering of its auto parts manufacturing subsidiary Nemak in June, even before its Sigma food subsidiary goes public.
Sentido Comun – Ball Corp. said it plans to build a new factory with two production lines of aluminum cans in Monterrey to meet the growing demand for this type of packaging.
Sentido Comun – EmpleoListo, a digital company specializing in Latin America recruitment, collected $6.75 million to close a round of private financing, in which private equity funds such as Indigo Capital, Mexico Ventures, Thayer Ventures and Social Promoter participated.
Sentido Comun – Aeropuertos y Servicios Auxiliares, or Asa, said it processed 106,667 passengers over the Easter holiday period, a 17 percent increase compared to the same period last year.
Sentido Comun – Grupo Aeroportuario del Centro Norte (OMA) became the second company managing air terminals in Mexico to be involved in a dispute with a single shareholder on whether to pay an external consultant.
Sentido Comun – Grupo Aeroportuario Pacifico reached an agreement to buy the Spanish company Development of Airport Concessions for $190.8 million to expand operations to Jamaica and Chile.
Sentido Comun – America Movil said that its shareholders approved the proposal to spin off its passive infrastructure mobile and create a new company to be known as Telesites.
Sentido Comun – Axo Group, a retail company operating brands of clothing, footwear and furniture, is buying 50 percent of the share capital of Multibrand Outlet Stores to expand their operations.
Sentido Comun – Greenbrier Industries opened a plant to produce railroad cars, boxcars, gondolas and hoppers in the park Xicohténcatl Industrial City Tetla, Tlaxcala.
Sentido Comun -Televisa USA, a subsidiary of Grupo Televisa, reached an agreement with Universal Cable Productions to jointly produce of two television series – Pantera and Allies – for the US market.
Sentido Comun – Equity International, the largest private investor in US real estate outside the country, returned to Mexico by buying a stake in shopping mall owner Grupo Costa Verde.