Industrias Bachoco, S.A. de C.V., a Mexico-based poultry producer, announced the acquisition of two companies for approximately U.S.$163 million. The target companies are U.S.-based Albertville Quality Foods, and La Perla, a Mexican pet food company.
Japan-based Nucor Corporation and JFE Steel Corporation started the construction of a new steel plant in the city of Silao, in the Mexican State of Guanajuato, in which they will invest approximately U.S.$270 million by the second half of 2019. The plant will have the capacity to produce 400 thousand tons of steel sheets per year.
Torex Gold, Goldcorp and Fresnillo are some of the companies that are planning investments in Mexico for approximately U.S.$2.4 billion for gold projects. As a result of these investments, the mines of “Dolores de Pan American Silver”, “San Agustin de Argonaut Gold” and “La Yaki de Alamos Gold” will be expanded between 2017 and 2020.