Swiss company ABB increased its revenues from $3.2 billion to $3.6 billion in the robotics and discrete automation business area from 2022 to 2023. The company also increased its employees from 10,700 to 11,300 in the same comparison. In contrast, its investments in this area decreased from $86
Steel Dynamics invested US$1.7 billion in 2023, mainly in its aluminum operations and steel operations segments. To ponder: its investments fluctuated in the last five years between US$239 million and US$1.2 billion. Steel Dynamics is currently executing its plan to invest US$2.7 billion in a new state-of-the-art, low-carbon
An analysis by Reportlinker predicts that the fortified rice market in China will reach a market size of $6.9 billion by 2030. What does the trend look like? This projection implies a compound annual growth rate of 9.7% from 2022 to 2030. China is the world’s largest importer
Gasoline imports to Mexico fell 28% year-on-year in 2023, to US$16.775 billion, according to data from the Bank of Mexico. But this amount is lower than the corresponding imports in 2021, when they were 15.148 billion dollars. Of Mexico’s total gasoline consumption, around 61% is imported, mainly from
Hydrocarbon production at Petróleos Mexicanos (Pemex) during the fourth quarter of 2023 averaged 2 million 613,000 barrels of crude oil equivalent per day (MMboed), a 1.9% year-over-year growth. This implies an increase of 49,000 barrels of crude oil equivalent per day (Mboed) with respect to the same quarter
Nemak won contracts worth approximately US$440 million annually in 2023, 40% related to the electric vehicle components, structure and chassis (EV/EC) segment. The company reported that its order book for this segment ended the year at US$1.75 billion annually. Previously, its order book went from a value of