(IN BRIEF) Outokumpu has announced its decision to delay expanding its cold rolling capacity in the U.S., focusing instead on achieving an 80-kiloton increase in the Americas business area by 2025 through efficiency improvements. This decision follows a feasibility study … Read the full press release
Posted in Business, Financial, Finland, Government, Industrial, Investment, Management, Marketing, Metals and Minerals, News, Technology
Tagged 25% import tariffs, Americas, ASIA, bottlenecks, cold rolling capacity, cold rolling expansion, feasibility study, free trade, global operations, hot rolling operations, import penetration, integrated operations, Kati ter Horst, melt shop, Mexico, North American market, Outokumpu, partnership, President and CEO, productivity improvements, San Luis Potosí, Stainless Steel, steel tariffs, strategic plan, U.S., U.S. market
(IN BRIEF) DHL Global Forwarding’s latest white paper emphasizes the importance of adopting multi-shoring strategies, expanding beyond the traditional “China Plus 1” model to include several global regions. The “China Plus X” approach aims to diversify production and supplier locations, … Read the full press release
Posted in Business, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged China Plus 1, China Plus X, cost structure, Covid-19 pandemic, DHL Global Forwarding, Eastern Europe, future-proof, geopolitical tensions, INDIA, logistics, Mexico, Middle East, multi-shoring strategies, multimodal transportation, myDHLi, Niki Frank, partnership, regulatory environment, semiconductors, skilled labor, South America, Southeast Asia, Southern Europe, supply chain, supply chain diversification, transportation infrastructure, Vietnam
(IN BRIEF) Openbank, Grupo Santander’s digital banking platform, has launched in Mexico, offering a fully digital experience with no fees or minimum balance requirements. Its flagship product is a savings account providing up to 12.5% annual returns. Customers can also … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Spain, Technology
Tagged Digital Banking Solutions, Matías Núñez, Mexico, Openbank, partnership, Petri Nikkila, Santander Bank, Savings Account, sustainability
MOVIMIENTOS DE ACTIVOS EN UN ESFUERZO POR NO PAGAR A AT&T BAJO EXAMEN ANTE ACUSACIONES DE CONDUCTA FINANCIERA INAPROPIADA. (NOTICIA EN BREVE) Ricardo Benjamín Salinas Pliego, presidente de Grupo Elektra, enfrenta nuevas acusaciones por mover activos fuera de EE.UU. para … Read the full press release
Posted in Banks, Business, Financial, Government, Investment, Law, Spain
Tagged activos, astor, astor asset management, Astor Asset Management 3 Ltd, AT&T, Banco Azteca, Billionaire, CANADA, CNBV, conductas financieras inapropiadas, deuda, ELEKTRA, ELEKTRA:MX, Estados Unidos, fraude de valores, fraude en valores, gobernanza corporativa, grupo elektra, Grupo Salinas, Grupo Salinas Telecom, Grupo Salinas Telecom II S.A. de C.V., Grupo Salinas Telecom S.A. de C.V., inversión, juicio, litigios, manipulación de acciones, mercado financiero, Mexico, movimientos de activos, préstamos, regulación financiera, ricardo benjamin salinas pliego, Ricardo Salinas Pliego, S.A.B. de C.V., sentencia, transparencia
(IN BRIEF) Volvo Group has selected Monterrey, Mexico, as the site for its new heavy-duty truck manufacturing plant, aiming to enhance production capacity for Volvo and Mack trucks across North America, Mexico, and Latin America. The plant, which will be … Read the full press release
(IN BRIEF) BBVA’s AI Factory has expanded to Mexico and Türkiye, doubling its workforce to over 400 AI experts. This expansion aims to accelerate the development of AI solutions to improve customer experiences and optimize internal processes. The AI Factory … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Spain, Technology
Tagged AI Factory, AI innovation, BBVA, Ignacio Teulón, Mexico, partnership, sustainability, Türkiye
(IN BRIEF) GKN Aerospace has expanded its facility in Chihuahua, Mexico, doubling its size with an 80,000-square-foot addition. This multi-million USD investment will boost the assembly of composite aerostructures and add electrical wiring interconnection systems (EWIS) capabilities. The expansion is … Read the full press release
(IN BRIEF) Unilever has agreed to sell its water purification business, Pureit, to A. O. Smith, a leading global water technology company. Pureit, which operates in countries including India, Bangladesh, Sri Lanka, Vietnam, and Mexico, offers a range of water … Read the full press release
Posted in Business, Commodities, Environment, Financial, Government, Industrial, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged A. O. Smith, acquisition, Bangladesh, Eduardo Campanella, INDIA, Kevin J. Wheeler, Mexico, partnership, Pureit, Sri Lanka, sustainability, Unilever, USA, Vietnam, Water Purification Business
(IN BRIEF) Ahead of Mother’s Day, Marias Gamesa has relaunched its digital platform “Cafecito con Marias Gamesa,” in collaboration with the Super Mamás podcast, to foster a supportive community for Latina mothers in the U.S. The initiative responds to findings … Read the full press release
Posted in Business, Financial, Food & Beverage, Industrial, Internet & Online, Investment, Management, Marketing, Media, News, Society, United Kingdom
Tagged "Cafecito con Marias Gamesa", Bricia Lopez, Gustavo Cecilio, Latina Moms, Marias Gamesa, Mexico, Mother’s Day, partnership, Paulina Lopez, PepsiCo
(IN BRIEF) Sempra Infrastructure, a subsidiary of Sempra, has awarded Vestas a 319 MW order for the expansion of the Cimarron wind farm in Tecate, Mexico. As part of the Energia Sierra Juarez Wind Complex, this phase will add 64 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Cimarron Wind Farm, Mario Barreiro Castellanos, Mehdi Hadbi, Mexico, partnership, Sempra, Sempra Infrastructure, sustainability, Vestas, vests
(IN BRIEF) Despite comprising nearly half of the global workforce, women represent only 22% of the energy sector, with 32% involvement in renewables. Iberdrola, acknowledging this gender disparity, leads various programs across Spain, the UK, the US, Mexico, Brazil, and … Read the full press release
Posted in Business, Energy, Gas & Oil, Government, Industrial, Management, News, Society, Spain, United Kingdom
Tagged Australia, Brazil, energy sector, Iberdrola, leadership, Mexico, United Kingdom, United States, women empowerment
(IN BRIEF) thyssenkrupp Materials Services has opened a new $37 million service center in San Luis Potosí, Mexico, with a focus on sustainability and electromobility. The facility will create approximately 65 jobs and aims to support the growing automotive supply … Read the full press release
(IN BRIEF) Telefónica, a leading telecommunications provider, has collaborated with Nova Labs to introduce Helium Mobile Hotspots in Mexico. This initiative aims to extend Telefónica’s network coverage, enable mobile data offloading to the Helium Mobile Network, and enhance mobile service … Read the full press release
Posted in Industrial, Infrastructure & Utilities, Spain, Technology, Telecom
Tagged Amir Haleem, Helium Mobile Hotspots, Helium Mobile Network, José Juan Haro, Mexico, Mexico City, mobile data, Movistar SIM cards, Nova Labs, Oaxaca, Telecom Infra Project, telecommunications, Telefónica, wireless communication technologies
(IN BRIEF) Siemens Energy, a global energy technology leader, has initiated the implementation of SAP Digital Manufacturing at five of its lighthouse plants across Germany, the United Kingdom, and Mexico. This milestone, carried out in partnership with Syntax Systems GmbH … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged digital manufacturing, digital transformation, Germany, Kian Mossanen, Mexico, partnership, SAP, Siemens Energy, sustainability, Sven Mulder, Syntax Systems GmbH & Co. KG, United Kingdom
(IN BRIEF) Lucas di Grassi, the most successful driver in Formula E history, is making his return to the competition as part of the ABT CUPRA team for the forthcoming season, set to commence in Mexico on January 13, 2024. … Read the full press release
Posted in Automotive, Business, Entertainment, Industrial, Management, Media, News, Spain, Sports
Tagged ABB FIA Formula E, ABT CUPRA, Competition, Formula E Season, Lucas di Grassi, Mexico, Nico Müller, SEAT, sport, Xavi Serra
(IN BRIEF) Iberdrola Mexico has joined forces with Pride Connection to launch a comprehensive initiative focused on fostering LGBT+ inclusivity and eradicating workplace discrimination. The collaboration involves commitments laid out in a decalogue that aims to create safe spaces, raise … Read the full press release
Posted in Business, Energy, Gas & Oil, Industrial, Management, News, Society, Spain
Tagged Alberto Arriaga, diversity, equity, Iberdrola, Inclusion, Katya Somohano, LGBT+, Mexico, partnership, Pride Connection, society, Workplace Inclusion
(IN BRIEF) ZF Aftermarket is expanding its product and service offerings for the passenger car aftermarket in Mexico and will showcase them at INA PAACE Automechanika. The company is adding TRW brake discs, rotors, and drums to its portfolio, providing … Read the full press release
Posted in Automotive, Business, Germany, Industrial, Management, Media, News, Technology
Tagged Car Aftermarket, digital solutions, Mexico, Thomas Kerkhoff, TRW, ZF, ZF Aftermarket
(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, has delivered the first train of the Tren Maya project to the Federal Government and FONATUR. The train cars, known as Xiinbal, showcase Mexico’s art culture with vibrant colors … Read the full press release
Posted in Business, France, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Alstom, Maite Ramos, Mexico, smart, sustainable mobility, train, Tren Maya Project, Xiinbal
(IN BRIEF) The European Investment Bank (EIB) and the Ministry of Foreign Affairs in Mexico have signed a declaration of intent to strengthen their strategic partnership on financing sustainable development in Mexico. The agreement aims to provide appropriate and affordable … Read the full press release
Posted in Banks, European Union, Financial, Investment, Luxembourg
Tagged Andrés Manuel López Obrador, BANCOMEXT, BANOBRAS, Carmen Moreno Toscano, CFE, CONAGUA, EIB, EU-Mexico partnerships, European Commission, European Investment Bank, Federal Electricity Commission, Kristin Lang, Lithium for Mexico, LITIO MX, Mexico, Mexico City, Nacional Financiera SNC, NAFIN, National Bank of Foreign Trade, National Bank of Public Works and Services, National Water Commission, Plan Sonora, Ursula von der Leyen
(IN BRIEF) Metso, a leading provider of sustainable technologies for the mining industry, has begun construction on its first polymer filter plate factory in Irapuato, Mexico. The factory, representing an investment of approximately EUR 28 million, will enhance Metso’s production … Read the full press release
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