The Ministry of Economy of Mexico reported this Thursday that it began the administrative procedure to examine the validity of the final countervailing duty imposed on imports of steel pulls and zamak originating in China, regardless of the country of origin. On August 27, 2020, Fundición Inyectada del
In line with expectations, the peso begins the session with an appreciation of 0.41% or 8.2 cents, trading around 19.78 pesos per dollar and approaching the key support of 19.70 pesos per dollar on December 12. This morning the exchange rate touched a low of 19.7378 pesos per
Cemex España, an indirect subsidiary of Cemex, reported this Wednesday that it will increase its shareholding in Cemex Latam Holdings (CLH), which is listed on the Colombian Stock Exchange, from 73.16 to 92.60% of the fully paid and outstanding shares of CLH (excluding shares owned by CLH). This
Fomento Economico Mexicano (FEMSA) announced this Wednesday that it has reached agreements to acquire two independent companies dedicated to specialized distribution in the United States: Southeastern Paper Group, based in Spartanburg, South Carolina, and SWPlus, based in Wichita, Kansas. As of September 2020, the combined revenue for the
Officials from the Office of Customs and Border Protection (CBP) seized two shipments of jewelry and watches in Cincinnati, United States, that if they were genuine they would be worth 9.6 million dollars. The first shipment originated in Shenzen, China, and was destined for a private residence in
Industrias Bachoco announced this Wednesday that it reached a business agreement to invest in RYC Alimentos (RYC), a multiprotein processing and marketing company with production centers in the state of Puebla. Industrias Bachoco is a leader in the poultry industry in Mexico and one of the largest poultry