Reuters – BlackRock Inc, the world’s largest asset manager, is looking to invest in infrastructure projects in Mexico, according to sources familiar with the situation.
AP – An arson attack on a subsidiary of a U.S. energy-services firm was part of an extortion attempt, prosecutors in Tabasco said Wednesday. Five attackers forced their way into the company’s yard and burned three trucks.
Sentido Comun – Grupo Empresarial Angeles, the health, finance, communications and tourism business conglomerate of the Vazquez Rana family, said its subsidiary Real Group Tourism, or TSO, will invest $220 million to open four new hotels in Mexico in the next two years.
Sentido Comun -Ferromex and Ferrosur, railway companies controlled by Grupo Mexico, acquired 34 locomotives for $80.65 million (1,130 million pesos) to strengthen and expand its driving capacity.
Palm Beach Post – BurgerFi, a fast casual restaurant headquartered in North Palm Beach, is expanding into Mexico in its first international development agreement. In a deal with EFIT, 40 restaurants are planned for Mexico City and the surrounding areas over the next five to seven years,
WSJ – Caterpillar Inc. plans to eliminate 230 jobs at a plant in Joliet, Ill., where workers went on strike in 2012 for more than three months, and move production of oil pumps and valves to one of its plants in Monterrey.
Sentdio Comun – Holcim, the Mexican subsidiary of the Swiss cement producer, has invested five million pesos ($334,448) to reduce by 14 percent its water consumption this year in its factories.
Economiahoy – Retailer Comercial Mexicana has made prepayment of a syndicated loan of 1,500 million pesos ($101.6 million) dating from November 2012, removing the company’s debt.
Sentido Comun -The 443 Starbucks stores throughout Mexico want to be more than a purveyor of coffee and tea drinks. They want to sell more food, which currently represents 20 percent of sales.
Sentido Comun – Genomma Lab Internacional has re-extended and expanded its strategic partnership with US retailer, Walgreens, so that more of its products reach more markets.
Sentido Comun – The Mexican Coca-Cola Industry, which includes nine bottlers, said it reached a milestone in environmental and sustainability matters by replenishing 100 percent of the water used in its soft drinks.
Reuters – Mexican bank Grupo Financiero Banorte expects to set up a $3 billion infrastructure fund in the next few months with a North American partner, CEO Jose Marcos Ramirez said. He declined to say who the North American partner would be.
Reuters – Pemex is set to launch its first-ever sales of gasoline mixed with cleaner-burning ethanol to reduce greenhouse gas emissions. Pemex has awarded contracts to be supplied with locally-produced sugar cane and sorghum.
Sentido Comun – Acon Latam Holdings invested in certain subsidiaries of Betterware of Mexico, a subsidiary of a British household products company.
Forbes – Constellation Brands, the company that distributes Corona, Modelo Negra, and Modelo Especial in the U.S. announced plans to invest more than $1 billion to expand production in Coahuila from 10 to 25 million hectoliters a year, a move aimed at increasing its share in the U.S. beer market from 7 percent to 14 percent.
WSJ – Mexico’s biggest retailer Wal-Mart de Mexico, said it plans to taper its expansion plans this year, making capital expenditures of 12.4 billion pesos ($813 million) this year, slightly less than in 2014, including 5.6 billion pesos to open stores.
Bloomberg – The first Mexican homebuilder to offer new shares since 2004 is testing investor appetite for an industry that imploded in $2.6 billion of defaults just two years ago. Servicios Corporativos Javer plans to raise as much as 3.5 billion pesos ($227 million) in an initial public offering after dodging the meltdown with a strategy of building housing developments in urban areas instead of far-flung suburbs.
Reuters – Mexican telecommunications company Axtel will become the first virtual operator on billionaire Carlos Slim’s mobile network. The arrangement came about as part of talks that ended a long-standing dispute about interconnection charges between Axtel and Slim’s America Movil.
Sentido Comun -Empresas ICA, Mexico’s largest construction company, announced a re-configuration of the company into three divisions: construction, international and concessions.
El Economista – The changes in Elementia’s management will not halt the company’s plans nor its process of listing on the Mexican Stock Exchange (BMV). A few weeks ago, Fernando Ruiz was appointed CEO, replacing Eduardo Musalem.