Alpek completed the acquisition of a state-of-the-art PET pelletizing and recycling plant in Pennsylvania, United States. With this, the company aligned itself with its long-term strategic pillar of “Fostering a Circular Economy”. This transaction reaffirms Alpek’s position as the largest PET recycler in America and will allow the
The Mexican company Gruma invested 63 million dollars in the second quarter of 2021, mainly in Spain and the United States. During the quarter, the main projects were: Construction and increase of production capacity in the new tortilla plants in Indiana and Spain. Wastewater treatment systems at the
The price of diesel increased 9.0% year-on-year in Mexico during the first quarter of 2021 and will continue to grow in the short term, projected GMéxico Transportes (GMXT). Until 2016, the Ministry of Finance and Public Credit (SHCP) set the price of gasoline below the cost of production
In a recent analysis, the OECD warned about the effects that countries may have for granting support to zombie companies. Zombie companies, as they are often called, are companies that would have defaulted in a normal business cycle, but continue to operate due to an ultra-low interest rate
USTR announced Thursday the addition of new staff members who will fill important leadership positions at the agency. They are: Allison Smith, USTR Deputy Assistant for Congressional Affairs; Kamau Marshall, USTR Deputy Assistant for Media and Public Affairs; Tommy Wolfe, Deputy Executive Secretary; and Sam Michel, director of
Canada offers a wide range of investment incentives, according to the Report on the State of Investments in Mexico 2021, released by the State Department. In general, these investment incentives are designed to promote broader policy goals, such as boosting research and development and promoting regional economies. The