Mexico’s Gruma to build plant in US
Gruma, the Mexico-based food manufacturer, is to set up a new manufacturing facility in a key overseas market.
Gruma
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
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
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
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
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
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. The San Pedro Garza Garcia-based…
Gruma sees sales lifted by volumes, forex
Increased sales volumes and the depreciation of the Mexican peso lifted Gruma's first-quarter revenues, which rose 12% year-on-year. "During the first quarter, Gruma showed continued growth at its operations with…
Mission owner Gruma books higher FY sales, profits
Gruma, the Mexico-based food group behind the Mission brand, has booked improved annual sales and earnings. The company posted net sales of MXN68.21bn (US$3.43bn) for 2016, up 17% on 2015.…
Gruma opening Mexican tortilla plant
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…
Gruma drives sales, earnings growth
Mexican baker Gruma booked an increase in third-quarter sales and earnings, with sales growth supported by currency exchange, price increases and volume growth. In the three-month period to the end of…
Gruma eyes global growth with Malaysia plant
Mexican tortilla maker Gruma has opened a production plant in Malaysia as it works to expand the global presence of its Mission brand. The company said it has invested US$55m…
