Gruma reported that it invested US$95 million in the third quarter of 2022, part of which was used to build a tortilla plant in Indiana, United States.

In addition, these investments were used to acquire the land where the tortilla plant is located in Monterrey, Mexico; increase capacity at the Tijuana and Monterrey tortilla plants; upgrade equipment at the technology division’s plants; increase capacity at the Dallas tortilla plant; and general improvements and maintenance throughout the company, particularly at GIMSA.

Resultados financieros de Gruma

Gruma is one of the world’s largest producers of corn flour and tortillas. With leading brands in most of its markets, the company operates primarily in the United States, Mexico, Central America, Europe, Asia, and Oceania.

In particular, Gruma USA’s annual production capacity is estimated at 1.9 million tons as of December 31, 2021, with an average utilization rate of 84% in 2021.

The average size of its plants was approximately 12,996 square meters (about 139,887 square feet) as of December 31, 2021.

In retrospect, Gruma’s capital expenditures for the last three years, from 2019 to 2021, were 281 million, mainly for building purchases, construction of a new plant, capacity expansions, and general production and technology improvements.

During this period, the Olympic plant building was acquired, construction continued on the new Indianapolis, Indiana plant and the expansion of the Dallas plant, and the start-up of the Omaha plant was achieved, as well as new production lines for the Panorama, Rancho and Lakeland plants.

Tortilla plant

Gruma added six new flour silos at its Plainview plant. It also expanded the land at the Madera plant. Additionally, it continued with improvements to wastewater treatment at its nixtamalized corn flour plants. All of this is part of several ongoing projects.

For 2022, Gruma USA has projected investments of $196 million. The majority will be allocated to the new tortilla plant in Indianapolis. It will also focus on increasing production capacity.

Expansions are planned for the tortilla plants in Dallas, Lakeland, and Panorama. The company will also acquire land for a corn flour plant in Madera, California. It will also expand its Edinburg and Plainview plants.

Gruma will allocate part of these resources to manufacturing and technology improvements, all with the goal of strengthening its presence and efficiency in the US market.

Mission Foods has 20 tortilla and related products plants in various parts of the United States.