Reuters – Mexico’s state-owned oil company Pemex has entered into a partnership with Global Water Development Partners that aims to invest $800 million in water treatment infrastructure projects.
Reuters – Mexico’s largest construction company ICA on Monday said it would take a 30-day grace period in paying some $31 million in interest to holders of its bonds due in 2024.
Sentido Comun – Inmobiliaria Vesta Corporation, a leading developer of warehouses and distribution centers in Mexico, will invest $44.4 million to build two industrial buildings for the production company propellers of windmills, TPI Composite, in Ciudad Juarez.
Sentido Comun – Grupo Aeromexico reached a multi-year labor agreement with the pilots of its regional and feeder subsidiary Aeromexico Connect.
Sentido Comun – Santa Fe Hotel Group estimates its total revenues will grow between 20 and 23 percent in 2016 compared to the end of reporting results this year. It expects to close 2015 with total revenues of 930 million pesos ($54.7 million dollars).
Independent – McDonald’s Mexico has vowed to prosecute the person who they say planted a mouse’s head in one of its patron’s hamburgers, causing authorities to shut down one of its restaurants near Mexico City.
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.