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Mexico's Gruma to build plant in US

24 Aug 2020

Gruma, the Mexico-based food manufacturer, is to set up a new manufacturing facility in a key overseas market.

New Products - Mission launches 'better for you' wraps in the UK; Cargill joins forces with TGI Fridays on frozen burger line; UK retailer Tesco launches own-label baby food range; Zwanenberg Food Group launches vegan range

8 Nov 2018

This week's product news includes a new vegan range from Holland's Zwanenberg Food Group, "better-for-you" wraps from Gruma's Mission brand and an own-label baby-food line from Tesco.

Earnings summary - Arca Continental's sales surge; Grupo Nutresa ahead on strong overseas sales; Profits sag at bread giant Bimbo; BRF books FY loss, back in red in Q4

23 Feb 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Gruma wins tribunal over Venezuela expropriation law

2 Aug 2017

Venezuela has been ordered to pay Mexican food group Gruma more than US$430m in damages, a consequence of the 2010 Expropriation Decree introduced by the then South American country's President Hugo Chávez.

Tortilla maker Gruma posts higher Q2 profits

20 Jul 2017

Mexico's Gruma remained on track to achieve its long-term targets as the corn flour and tortillas maker posted an increase in second-quarter sales and profits.

Gruma sees sales lifted by volumes, forex

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. 

Mission owner Gruma books higher FY sales, profits

23 Feb 2017

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

Gruma opening Mexican tortilla plant 

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. 

Gruma drives sales, earnings growth 

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. 

Gruma eyes global growth with Malaysia plant 

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.

Gruma sees double-digit growth 

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.

Gruma lifted by currency exchange, US performance 

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. 

Gruma to add folic acid to corn flour in US following FDA approval

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.

Gruma sees mixed 2015 as Venezuela exit weighs 

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. 

Gruma writes off Venezuela investments 

17 Dec 2015

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

Food industry results in brief - Gruma, Zespri, Cal-Maine

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.

Food industry results in brief: Ornua, Cloetta, Gruma

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.

Food industry news of the week: Aryzta, Mondelez

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.

Gruma buys rival Azteca's European assets

31 Mar 2015

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

Gruma FY earnings surge as margins improve

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.

Gruma to invest US$50m in Russian plant

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.

Gruma profits rise on lower costs

23 Oct 2014

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

MEXICO: Gruma posts net profit increase in H1

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.

MEXICO/SPAIN: Gruma buys Spanish firm Mexifoods

27 Jun 2014

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

MEXICO: Gruma shows "significant" Q1 improvement

25 Apr 2013

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

MEXICO/US: Gruma buys back shares from ADM

17 Dec 2012

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

MEXICO/US: ADM receives bid for Gruma stake

26 Oct 2012

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

MEXICO/US: Gruma acquires US tortilla plant

26 Aug 2011

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

MEXICO: Gruma swings to Q2 profit

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.


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