Industrias Bachoco buys U.S. poultry company OK Industries

Mexican-based company buys OK Industries

Mexico’s poultry and food processing company Industrias Bachoco agreed to acquire U.S. OK Industries as part of its international expansion.

Bachoco, which did not disclose the amount of the transaction, said OK Industries is a private poultry company with sales of approximately $600 million annually, with facilities in Arkansas and Oklahoma. (more…)

Anahi is the most influential Mexican female figure in the world of Social Media according to red10

Anahi en Twitter

The Mexican singer and actress Anahí was considered the most influential Mexican female figure in Social Media.

“I know this was a vote , I know my fans had much to do with it and I thank you all so much ” Said Anahi through a video. (more…)

Eurocopter plans to open a new parts plant in Mexico

Eurocopter mexico

The Franco-German-Spanish company Eurocopter announced in Queretaro initial investment of $100 million in a plant for the production and assembly of aircraft components for helicopters, to total investment could reach $550 million in the long-term. (more…)

Former Brazilian President Luiz Inacio Lula da Silva proposed the formation of a joint venture between Petroleos Mexicanos (Pemex) and Petroleo Brasileiro (Petrobras)

Luiz Inacio Lula da Silva

Former Brazilian President Luiz Inacio Lula da Silva proposed the formation of a joint venture between Petroleos Mexicanos (Pemex) and Petroleo Brasileiro (Petrobras) in order to create a third company that would  jointly exploit other markets and make investments in new technology. (more…)

Grupo Bimbo will invest 1 billion dollars to improve it’s U.S bakeries

Grupo Bimbo

U.S. authorities agreed to let Grupo Bimbo proceed with the acquisition of fresh bread business from Sara Lee U.S., for $ 709 million – down from $959 million, after getting the green light from U.S. authorities Grupo Bimbo said it will invest 1 billion dollars to improve it’s U.S bakery plants and build new facilities. (more…)

Director of the World Bank : The Mexican economy is flexible enough to manage the risks associated with the debt crisis in Europe

la directora del Banco Mundial para Colombia y México, Gloria Grandolini

The director of the World Bank (WB) for Mexico and Colombia, Gloria Grandolini said “The Mexican economy is flexible enough to manage the risks associated with the debt crisis in Europe and slower growth in the United States”. (more…)

The first flight from Paris to Cancun has arrived at the Cancun International Airport

Paris to Cancun Aircraft on Air France

Downtown Cancun • The first flight from Paris to Cancun, arrived on a modern Boeing 777-300 aircraft, of Air France, with capacity for 472 passengers, it was received by the governor of Quintana Roo, Roberto Borge Angulo.

After greeting the first passengers that descended from the aircraft that arrived to the Terminal 3 at Cancun International Airport, the Governor presided over a brief ceremony accompanied by the CEO of Air France Mexico, Jérome Salemi, and the director for American routes of Air France, Henri Hie, and the French consul, Gerald Martin. (more…)

The Mexican Air Force will be outfited with the new Eurocopter EC 725 Super Cougar

Eurocopter EC725 Super Cougar 01

The Eurocopter EC 725 aka Super Cougar (also named Caracal) is a long-range tactical transport helicopter developed from the Super Puma/Cougar family.

The Mexican Air Force has 12 on order and has so far received 3 , The original order was placed by the Mexican Secretariat of National Defense (SEDENA) on March 10, 2009 .  The EC 725s are to be used by the Mexican Air Force for transport and civil security tasks. Deliveries will commence from the second quarter of 2011. The helicopters will be provided by Eurocopter’s Mexican division, Eurocopter de México, based in Mexico City International Airport. (more…)

Canadian swimmers wearing traditional Mexican wrestling masks won over the Pan American Games crowd

Masked Canadian swimmers win over Mexican crowd

A group of Canadian swimmers won over the Pan American Games crowd Friday by wearing traditional Mexican wrestling masks before the women’s 4×100-metre medley final.

The Canadians got an ovation from the crowd at the aquatics centre when they arrived for the race wearing the colourful masks. (more…)

1st Mexican truck allowed on U.S. roads under NAFTA

Mexican tractor-trailer

The first commercial truck from Mexico that will travel to Garland, Texas from Apocada, Nuevo Leon, Mexico, crosses the World Trade Bridge from Nuevo Laredo, Tamaulipas, Mexico into Laredo, Texas, Friday, Oct. 21, 2011.

This will mark the first time under the North American Free Trade Agreement, a Mexican tractor-trailer has crossed the border into the U.S. on its way into that country’s interior. The NAFTA trucking program was stalled for years by American politicians pandering to unions unfounded concerns that Mexican truckers driving into the States would cost American trucking  jobs. (more…)

Pemex: Sacyr agreement will continue, despite the change in leadership

Pemex Sacyr Agreement

The agreement is still valid because it was made between companies and between people, said a Pemex spokesman, adding that its director Juan Jose Suarez Coppel expected to speak “soon” with the new president of Sacyr on changes in the company. (more…)