The United States would violate performance requirements within the framework of its commitments in the World Trade Organization (WTO), if it enforces tax credits for electric vehicles proposed by the government of President Joe Biden, the Mexican Ministry of Economy warned. This initiative is scheduled to be voted
Grupo Bimbo, the world’s largest bakery company and a relevant player in snacks, accumulates nine acquisitions in the post-Covid-19 period. To begin with, on September 17, 2021, through one of its subsidiaries, the company acquired 100% of the shares of Popcornopolis, LLC. Popcornopolis operates in the United States
As part of its strategy to reduce CO2 emissions, Cemex is accelerating its alternative fuels and clinker factor initiatives, while advancing new CO2 reduction measures, such as hydrogen injection. Overall, in February 2020, Cemex implemented a proactive Climate Action strategy and announced the 2030 goal of reducing its
Industrias Peñoles reported that it has prospects and projects in various Latin American countries, among which Chile and Peru stand out. In Peru, field work has been completed and drilling work will begin in the fourth quarter in the northern portion of the advanced Racaycocha Project. Likewise, drilling
Gruma, one of the largest producers of corn flour and tortillas in the world, reported that its investments totaled $ 216 million from January to September 2021. In the first quarter of the year, the company invested 43 million dollars for an increase in production capacity at the