Fomento Economico Mexicano (FEMSA) announced on Tuesday that Envoy Solutions, FEMSA’s specialized distribution subsidiary in the United States, reached an agreement to acquire Daycon Products Co. (Daycon), an independent specialized distribution company based in Upper Marlboro, Maryland. First of all, in May 2020, FEMSA closed a transaction with
World inflation continued to rise notably, especially in energy, highlighted Banxico. The prices of some services have registered upward pressure derived from a pick-up in demand, while those of some goods have been pressured because of persistent effects on global supply chains. In addition, there were increases in
Mexico increased its automotive exports in the second quarter of 2021 benefiting from prices, Banxico said. In the second quarter of 2021, the value of manufacturing exports, both automotive and non-automotive, showed moderate growth compared to the previous quarter. In particular, the increase in the value of automotive
Personnel employed in IMMEX establishments in Mexico increased at a 0.4% month-on-month rate in June, Inegi reported. Mexico has developed its manufacturing sector with the dual objective of capitalizing: lower manufacturing overhead and its common border with the United States, its main export trading partner. Overall, in 2020,
Peñasquito, from Newmont, and Saucito, from Fresnillo plc, ranked as the largest silver mines in Mexico in 2020, reported the Mexican Mining Chamber (Camimex). While Peñasquito produced 27.8 million ounces of silver, Saucito reached 15.53 million ounces; both mines are in Zacatecas. Later, the San Julian mine, also
Mexico captured 1.483 billion dollars in Foreign Direct Investment (FDI) in metal mineral mining during the first half of 2021, reported the Ministry of Economy. Overall, Mexico has a substantial variety of mineral resources and is one of the world’s leading producers of silver, bismuth, antimony, fluorite, graphite,