Mexico captured “new investments”, a component of Foreign Direct Investment (FDI), for a total of 2,209.4 million dollars, a decrease of 2.8% year-on-year, according to data from the Ministry of the Economy. For this comparison, the Ministry of Economy uses the FDI made and notified between January 1
Bimbo Ventures reported that it analyzes around 400 startups a year and created two new innovation offices in 2020. First of all, Grupo Bimbo is the largest bakery company in the world and a relevant player in snacks. The company has 203 bakeries and other plants and around
Cemex’s sales to the United States rose 5% in the first quarter of 2021, driven by the residential segment. With this, these sales amounted to 1,013 million dollars. With a focus on volume, Cemex’s sales in the United States grew 9% in the first quarter. Right there, ready-mix
Tomato exports from Mexico broke a record in 2020 and maintained an upward trend in the first quarter of 2021. After growing 20.6% in 2020, to 2.603 million dollars, Mexican tomato exports increased 5.1% in the first quarter of the current year, to 830 million dollars, at year-on-year
The peso closed the week with little change compared to the close of the previous week, showing an appreciation of 0.01% and trading around 19.94 pesos per dollar. The exchange rate traded between a minimum of 19.9085 and a maximum of 20.2132 pesos, a level not seen since
Toyota and BMW Group were ahead in the recovery of light vehicle production in Mexico from January to May 2021, reported Inegi. At a triple-digit rate (119.1% year-on-year), the BMW Group’s production was the strongest recovery, with 30,774 units during the first five months of the current year.