Valero Energy began to make logistical synergy with the Ferromex railway company in the transportation of fuels in Veracruz, Mexico. A year ago, Valero Energy separately signed a long-term agreement with Ferromex, which is majority owned by Grupo México, to transport refined products throughout Mexico. Since then, six
IMMEX exports will register a 7% year-on-year drop in 2020, to 270.278 million dollars, estimated the Index. For 2021, Luis Aguirre, president of the Index, projected that IMMEX exports will exceed 2019 levels. In terms of competitiveness to attract new FDI flows, the IMMEX program has been an
Compañía Minera Cuzcatlán issued a statement in which it affirms that it complies with the environmental regulations required to operate its gold and silver mine in Oaxaca, after suffering blockages on access roads to that mining unit. Compañía Minera Cuzcatlán began production there in September 2011 and at
As of September 2020, the Federal Electricity Commission (CFE) had a generation infrastructure of 58,976,698 MW of Real Installed Capacity, operating with 159 own plants and 33 of Independent Energy Producers (PIE). At the time, the CFE also had 477 own generating units, in addition to 100 PIE
The Mexican peso begins the session with an appreciation of 0.29% or 5.7 cents, trading around 19.86 pesos per dollar. The appreciation of the peso is due to three factors: First factor The market is anticipating the Federal Reserve’s monetary policy announcement to show accommodative language. On this
Latam Airlines reported that its indicator of Passengers per Kilometer Transported (RPK) registered a year-on-year decrease of 70.6% from January to November 2020. The RPK is the number of passengers carried multiplied by the distance traveled. Latam also presented a 66.6% drop in its Seats per Kilometer Offered