Economy of Mexico

OFFICIALS FROM ACROSS ASIA PACIFIC REGION TO ADOPT MULTILATERAL DECLARATION TO ACCELERATE GLOBAL TRADE

Retrieved on: 
Monday, July 11, 2022

The Summit hosted a mix of CEOs, government ministers and representatives of leading international trade bodies, agreed to a joint declaration on the future direction of global trade.

Key Points: 
  • The Summit hosted a mix of CEOs, government ministers and representatives of leading international trade bodies, agreed to a joint declaration on the future direction of global trade.
  • Tatiana Clouthier, Secretary of Economy of Mexico, the declaration states that sustainable and inclusive global trade is fundamental to economic growth, resilience and multi-lateral cooperation, while also setting the ambition of the WLP to cover 75% of global nominal GDP by 2025.
  • The World Logistics Passport (WLP) is a global, private sector-led, initiative designed to smooth the flow of global trade, unlock market access through the creation of new trade routes and provides economic efficiencies to members.
  • Free to join, the WLP is inclusive, covering the entire trade ecosystem from freight and logistics to trade finance.

CEMEX Joins Two World-Leading Initiatives to Achieve Carbon Neutrality

Retrieved on: 
Monday, August 2, 2021

The Race to Zero Campaign was launched to mobilize net-zero commitments from cities, businesses, and investors ahead of the 26th U.N.

Key Points: 
  • The Race to Zero Campaign was launched to mobilize net-zero commitments from cities, businesses, and investors ahead of the 26th U.N.
  • These objectives align with the CEMEX Future in Action program to reduce its carbon footprint by delivering net-zero concrete globally by 2050.
  • CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development.
  • CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

Mekitec Acquires Grupo Bimbo’s AI-Focused Subsidiary

Retrieved on: 
Thursday, July 29, 2021

Food quality control system manufacturer Mekitec Group acquired Grupo Bimbo subsidiary Kanan Smart Solution on July 15, 2021, including a software development team and local sales and service operations in Mexico.

Key Points: 
  • Food quality control system manufacturer Mekitec Group acquired Grupo Bimbo subsidiary Kanan Smart Solution on July 15, 2021, including a software development team and local sales and service operations in Mexico.
  • Grupo Bimbo has used Mekitecs X-ray systems, powered by Kanans software solutions, for many years.
  • Bimbo Ventures, Grupo Bimbos venture arm, will now enable Mekitec to grow faster and increase its focus on baking solutions.
  • Kanan Smart Solution is a subsidiary of Grupo Bimbo that focuses on the development of artificial intelligence and X-ray inspection technology.

FEMSA Announces Successful Sustainability Linked Bond Issuances in the Euro Market

Retrieved on: 
Wednesday, April 28, 2021

de C.V. (\xe2\x80\x9cFEMSA\xe2\x80\x9d or \xe2\x80\x9cthe Company\xe2\x80\x9d) (NYSE: FMX; BMV: FEMSAUBD) announced the placement of Euro-denominated sustainability linked notes in the international capital markets.

Key Points: 
  • de C.V. (\xe2\x80\x9cFEMSA\xe2\x80\x9d or \xe2\x80\x9cthe Company\xe2\x80\x9d) (NYSE: FMX; BMV: FEMSAUBD) announced the placement of Euro-denominated sustainability linked notes in the international capital markets.
  • This issuance represents the largest ever sustainability linked bond by a Latin American issuer, and it was backed by 196 international institutional investors and was oversubscribed 1.9x times.\nIn connection with the Notes, FEMSA adopted and published its Sustainability Linked Bond Framework, which was prepared in accordance with the Sustainability-Linked Bond Principles (\xe2\x80\x9cSLBP\xe2\x80\x9d) 2020, as administered by the International Capital Market Association.
  • The Sustainability Linked Bond Framework includes certain Sustainability Performance Targets of the Company, which are aligned with its overall sustainability strategy priorities for 2030.
  • FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index, among other indexes that evaluate its sustainability performance.\n"

Total Play Announces a 63% Increase in EBITDA, to Ps. 2,676 Million in the First Quarter of 2021

Retrieved on: 
Wednesday, April 28, 2021

27,846 million, compared to Ps.15,932 million from the previous year.

Key Points: 
  • 27,846 million, compared to Ps.15,932 million from the previous year.
  • Created by Mexican entrepreneur Ricardo B. Salinas ( www.ricardosalinas.com ), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies.
  • Each of the Grupo Salinas companies operates independently, with its own management, board of directors and shareholders.
  • Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.\n"

TV Azteca Announces Net Revenue of Ps.2,669 Million and EBITDA of Ps.610 Million in the First Quarter of 2021

Retrieved on: 
Tuesday, April 27, 2021

These companies include TV Azteca ( www.TVazteca.com ; www.irtvazteca.com ), Grupo Elektra ( www.grupoelektra.com.mx ), Banco Azteca ( www.bancoazteca.com.mx ), Purpose Financial (havepurpose.com), Afore Azteca ( www.aforeazteca.com.mx ), Seguros Azteca ( www.segurosazteca.com.mx ), Punto Casa de Bolsa ( www.puntocasadebolsa.mx ), Totalplay (irtotalplay.mx; www.totalplay.com.mx ) and Totalplay Empresarial (totalplayempresarial.com.mx).

Key Points: 

Bimbo Canada signs agreements to offset 100 per cent of its electricity consumption for Canadian operations

Retrieved on: 
Tuesday, April 13, 2021

Under these two agreements, Bimbo Canada will procure the benefit of approximately 50MW of renewable electricity to offset electricity consumption for its 16 bakeries, 14 distribution centres and 191 depots.

Key Points: 
  • Under these two agreements, Bimbo Canada will procure the benefit of approximately 50MW of renewable electricity to offset electricity consumption for its 16 bakeries, 14 distribution centres and 191 depots.
  • "It\'s a win-win situation with our projects delivering competitive wind and solar electricity to Bimbo Canada, and while providing our host communities with long-term tax and landowner income.
  • "With this announcement, we have achieved another important milestone for the company on our journey towards becoming 100 per cent renewable electricity by 2025.
  • Bimbo Canada is a wholly owned subsidiary of Grupo Bimbo, the world\'s largest baking company.

Bimbo Bakeries USA Pledges $1 Million Commitment to Minority Equity Organizations in Addition to Internal Focus on Diversity, Equity and Belonging

Retrieved on: 
Wednesday, March 24, 2021

In addition, the company formed a Racial Equity Action Council and appointed Nikki Lang as its first Head of Diversity, Equity & Belonging.

Key Points: 
  • In addition, the company formed a Racial Equity Action Council and appointed Nikki Lang as its first Head of Diversity, Equity & Belonging.
  • Last year, the U.S. experienced a reckoning moment with racial equity and injustice, said Fred Penny, president of Bimbo Bakeries USA.
  • Bimbo Bakeries USA is a leader in the baking industry, known for its category-leading brands, innovative products, freshness and quality.
  • Bimbo Bakeries USA is part of Mexicos Grupo Bimbo, S.A.B de C.V., the world's largest baking company with operations in 33 countries.

Rafael Rodríguez is Named CEO of TV Azteca

Retrieved on: 
Monday, January 25, 2021

The company also operates TV Azteca Digital, the operator of several Mexico's most visited websites and social media platforms.

Key Points: 

Total Play Announces New Members To Its Board Of Directors

Retrieved on: 
Monday, January 4, 2021

MEXICO CITY, Jan. 4, 2021 /PRNewswire/ --CIBANCO, S.A, Institucin de Banca Mltiple, as Trustee of the CIB/3370 Trust and Total Play Telecomunicaciones, S.A. de C.V. ("Total Play"), announce the appointment of new members to the Board of Directors of Total Play.

Key Points: 
  • MEXICO CITY, Jan. 4, 2021 /PRNewswire/ --CIBANCO, S.A, Institucin de Banca Mltiple, as Trustee of the CIB/3370 Trust and Total Play Telecomunicaciones, S.A. de C.V. ("Total Play"), announce the appointment of new members to the Board of Directors of Total Play.
  • The related board members are: Ricardo B. Salinas Pliego, President and Founder of Grupo Salinas, and Chair of the Board of Directors of Total Play since 2003; Pedro Padilla Longoria, Chief Executive Officer of Grupo Salinas, and member of the Board of Directors of Total Play since 2003; Jorge Mendoza Garza, Vice President of Information and Public Affairs at Grupo Salinas, and member of the Board of Directors of Total Play since 2010; which are joined by new board members Maria Laura Medina de Salinas, board member of Design Week Mexico; and Benjamin Salinas Sada, Chief Executive Officer of TV Azteca, S.A.B.
  • de C.V., who has served as an alternate member of the Board of Directors of Total Play since 2010.
  • Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.