Gruma

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Katy Askew | 27 Apr 2017

Increased sales volumes and the depreciation of the Mexican peso lifted Gruma's first quarter revenues, which rose 12% year-on-year. 


Dean Best | 23 Feb 2017

Gruma, the Mexico-based food group behind the Mission brand, has booked improved annual sales and earnings.


Katy Askew | 8 Dec 2016

Mexican bakery group Gruma has announced plans to invest MXN1bn (US$49.3m) in a production facility in its domestic market that will produce more than 50,000 tonnes of tortillas and tostadas annually. 


Katy Askew | 24 Oct 2016

Mexican baker Gruma booked an increase in third-quarter sales and earnings, with sales growth supported by currency exchange, price increases and volume growth. 


Katy Askew | 10 Oct 2016

Mexican tortilla maker Gruma has opened a production plant in Malaysia as it works to expand the global presence of its Mission brand.


Helen Arnold | 22 Jul 2016

The weakness of the peso, sales growth at corn flour business Gimsa and price increases introduced to reflect higher raw material costs have helped boost tortilla manufacturing giant Gruma’s net sales.


Katy Askew | 21 Apr 2016

Mexican baker Gruma reported an increase in sales and earnings on the back of improvements at its US subsidiary as well as the positive impact of currency exchange. 


Katy Askew | 18 Apr 2016

Mexican baker Gruma will add folic acid to corn flour on sale in the US in a bid to reduce birth defects such as spina bifida in the country's Latino population.


Katy Askew | 25 Feb 2016

Mexican baker Gruma has booked a mixed set of results for 2015, with losses from discontinued operations weighing on the bottom line despite a stronger operating performance. 


Katy Askew | 17 Dec 2015

Mexican baker Gruma has announced that it is writing off investments in Monlinos Nacionales and Derivados de Maíz Seleccionado in Venezuela. 


Dean Best | 24 Jul 2015

Mission Foods owner Gruma, fellow Mexican group Industrias Bachoco and US infant formula business Abbott were among the companies reporting second-quarter numbers this week. Elsewhere, US egg supplier Cal-Maine Foods and kiwifruit supplier Zespri provided figures for their full financial years.


Dean Best | 24 Apr 2015

First-quarter numbers came in from the likes of European confectionery Cloetta and Mexican business Gruma. The Irish Dairy Board, now known as Ornua, reported its full results for 2014. Here's our weekly round-up of companies' financial results.


Dean Best | 2 Apr 2015

The week before Easter saw Aryzta surprise the market with news of its plan to buy 49% of French frozen food retailer Picard. M&A speculation surrounded Mondelez International, which was reported to be considering the sale of its rights to the cream cheese brand Philadelphia. Mondelez had a bad end to the week after being charged with manipulating wheat prices.


Dean Best | 31 Mar 2015

Mexican food group Gruma is to buy the European arm of US-based peer Azteca Foods for EUR45m.


Katy Askew | 26 Feb 2015

Mexican baker Gruma saw 2014 profit jump thanks to strengthened margins, favourable foreign exchange headwinds and the proceeds from the sale of its wheat flour operations.


Katy Askew | 22 Dec 2014

Gruma plans to invest US$50m over the next two years to open a new production facility in Russia, a move that will double the Mexican tortilla maker's capacity in the country.


Dean Best | 23 Oct 2014

Mexican tortilla maker Gruma posted a jump in nine-month profits as a drop in costs boosted earnings.


Hannah Abdulla | 25 Jul 2014

Gruma has reported an increase in net income for the first half of 2014 driven by better operational performance, foreign exchange rate fluctuations, lower interest expenses and taxes.


Dean Best | 27 Jun 2014

Mexican food company Gruma has snapped up Spanish firm Mexifoods to further boost its business in Europe.


Michelle Russell | 25 Apr 2013

Mexican food group Gruma said it started to show "significant improvements" in the first quarter as earnings climbed.


Katy Askew | 17 Dec 2012

US agribusiness Archer Daniels Midland has sold its stake in Gruma back to the Mexican group.


Dean Best | 26 Oct 2012

Archer Daniels Midland has received an offer for its 23% stake in tortilla maker Gruma.


Katie Smith | 26 Aug 2011

Mexican food group Gruma has acquired US tortilla maker Casa de Oro Foods for US$20m.


Petah Marian | 29 Jul 2011

Mexican tortilla maker Gruma swung into profit during the second quarter due to an improvement in operating income and lower financing costs.


Katy Askew | 27 Apr 2011

Mexican food group Gruma has expanded its US business with the purchase of the tortilla business of Albuquerque Tortilla Co. for US$8.8m.

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