Posts tagged "Mexico"
DHL Increases Investments in Mexico
The international courier company, DHL Express, increased its Mexico investment from 125 million to 160 million. It is said that this move was influenced by the foreseeable economic growth of the said country in the coming years. This in turn, will double the company’s investment. They announced that the investment will be part of...
Home Depot Launches Express Format
As part of its strategy to reach more consumers, Home Depot Mexico opened a new store using its Express format in San Juan del Rio, Queretaro. This is number 92 in the company’s retail chain, requiring an investment of 100 million pesos for 2,000 square feet of floor space to be used for sales....
Interjet Opens Flying Route to New York City
Interjet just released a route from Mexico City to New York with a daily trip back and forth. A statement issued by the airline company said that the route will be fully operational by August 2nd of this year. This announcement marked Interjet as the second Mexican carrier to fly this route. The flight...
Mexico Will Lose $750 Million
MEXICO CITY – Argentina’s unilateral decision to suspend the Economic Complementation Agreement (ACE) 55 with Mexico will have a negative impact on the latter’s domestic auto industry. The loss will amount about $750 million this year. The president of the Mexican Association of Automotive Industry (AMIA), Eduardo Solis Sanchez, noted the possibility that the Mexican...
Argentina Abandons Automotive Deal with Mexico
MEXICO CITY – Mexico’s government announced on Monday that Argentina has that left the automotive trade agreement that they had. In recent years, the automotive industry has been noted to be a deficit for the South American country. Since late March, the Mexican government had ruled out renegotiating the agreement with Argentina and is now...
Vitro Debt Restructuring Rejected by Bankruptcy Court
A bankruptcy court on Wednesday rejected a part of a restructuring of debt of the Mexican glass manufacturer Vitro, which had been endorsed by the Justice of Mexico. However, this has been rejected by some American mutual funds. Vitro, which sought protection from its creditors in 2010 after heavy losses on derivative instruments, has been...
Su Casita Mortgages
MEXICO CITY - Su Casita Mortgage seeks to build a new business plan to gain access to credit lines of the Federal Mortgage Society (SHF) and resume operations with this funding and remain a going, said sources of the company. “There is an analysis of alternatives that could enable Su Casita to remain on the market....
Outsourcing Grows 9% in Mexico
MEXICO CITY – The number of employees outsourced or contracted externally by companies in Mexico, rose by 9.0% in 2011 compared to 2010. From 140,000 to 155,703 workers in that period, according to the annual survey reveals Mexican Business Association of Human Capital (AMECH) on the behavior of its associated companies. Temporary employment, which...
