Confectionery industry news : Mount Franklin Foods has broken ground on a new 220,000sft candy manufacturing facility in San Jeronimo in the Mexican state of Chihuahua. Headquartered in El Paso, Texas, Mount Franklin Foods is a manufacturer of branded, contract and private label confectionery, nuts, snacks and foodservice products. The new candy manufacturing facility in […]
L Catterton acquisition of Cholula : US private equity firm L Catterton has agreed to acquire Mexican hot sauce producer Cholula for an undisclosed price, as per the latest food acquisition news. The name Cholula comes from a 2,500-year-old city in Mexico. Cholula was first introduced to the US in 1989 and has ever since […]
Oil and gas industry news : Qatar Petroleum is all set to join Eni as a partner in the offshore Area 1 project, which is being developed in Mexico with an investment of $2.0 billion. The Qatar state-owned petroleum company has agreed to acquire a 35% stake from the Italian oil and gas giant for […]
Nucor acquisition of POK : US steel producer Nucor has acquired a Mexican precision castings company Corporation POK which has a facility in Guadalajara. POK is engaged in production of complex castings and precision machined products to original equipment manufacturers in industries like Oil & Gas, Mining, Sugar Mills and Pumps & Valves. The precision […]
Beer industry news : Dutch brewing company Heineken has inaugurated a new $500 million worth brewery in Meoqui in the Mexican province of Chihuahua for its subsidiary Cuauhtemoc Moctezuma. The new Heineken brewery in Mexico is capable of producing six million hectolitres per year. It will be the Dutch brewing company’s seventh brewery in the […]
Drinks industry news : French drinks company Pernod Ricard’s subsidiary Pernod Ricard USA has taken over full ownership of Avion Spirits by buying out the remaining stake it previously didn’t own from its joint venture partner Tequila Avion for an undisclosed price. In July 2014, Pernod Ricard acquired a majority stake in Avion Spirits, which […]
Energy industry news : Danish wind turbine manufacturer Vestas has pocketed a supply order from Compania Eolica Vicente Guerrero for wind turbines for the latter’s 118MW wind power project in Mexico named as the Vicente Guerrero wind park. As per the contract, Vestas will supply and install six V136-3.45 and 27 V136-3.45 MW units for […]
Energy acquisition news : US-based global power generation firm InterGen has reached a deal to sell its Mexican energy assets, including 2.35GW of power generation capacity, to investment company Actis for $1.256 billion. The power generation assets that are primarily included in the transaction are six combined-cycle gas turbine projects with a total capacity of […]
Wind industry news : Italian energy company Enel will develop four wind power projects in Mexico that will have a combined power generation capacity of 593MW. The Mexican wind farms were awarded by National Center for Energy Control (CENACE) to Enel Rinnovabile, the renewable energy subsidiary of Enel during the third Mexico electricity auction. Enel […]
Energy industry news : French energy giant Engie will develop four renewable energy projects in Mexico that will have a combined power generation capacity of about 688MW with an investment of $580 million. Engie had won the development rights for a wind project and three solar plants during Mexico’s third Long Term Electricity Auction held […]