To ensure supply, Grupo Bimbo, the world’s largest bakery company, has entered into wheat hedging contracts in an environment of wheat uncertainty. Grupo Bimbo purchases large quantities of raw materials, such as wheat flour, edible oils and fats, sugar, eggs and plastics used in the packaging of its
The labor dispute over a Saint Gobain facility in Mexico was successfully concluded under the Mexico-U.S.-Canada Agreement (USMCA). On September 27, 2022, the AFL-CIO, United Steelworkers and the Independent Union of Free and Democratic Workers of Saint Gobain Mexico, a Mexican union, filed a T-MEC Rapid Response Mechanism
The net sales of Cemex in Mexico increased 9% during the third quarter of 2022, driven by its pricing strategy and a rebound in the formal sector. In local currency terms, cement prices increased 17%, ready-mix prices increased 16%, and aggregates prices increased 21%. Cement volumes decreased 7%,
The Federal Economic Competition Commission (Cofece) informed on Thursday that it is investigating services related to credit card transactions in the form of deferred payments with interest-free months. To begin this process, Cofece published, in the Official Gazette of the Federation (DOF), the notice of initiation of an
Orbia reported a «negative quarter» from July to September 2022, interpreted Intercam Banco, in an analysis based primarily on a drop in EBITDA. Revenues for the quarter stood at US$2.291 billion, with no growth over the previous year. In particular, sales increased in Connectivity Solutions and Fluorinated Solutions;
U.S. real Gross Domestic Product (GDP) increased at an annual rate of 2.6 percent in 3Q2022, according to the «advance» estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP declined 0.6 percent. In general, the GDP estimate released Thursday is based on source