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.
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 annually.
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.
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…
Gruma writes off Venezuela investments
Mexican baker Gruma has announced that it is writing off investments in Monlinos Nacionales and Derivados de Maíz Seleccionado in Venezuela. The company said it "lost control" of the businesses…
Food industry results in brief – Gruma, Zespri, Cal-Maine
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…
Food industry results in brief: Ornua, Cloetta, Gruma
?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…
Food industry news of the week: Aryzta, Mondelez
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…
Gruma buys rival Azteca’s European assets
Mexican food group Gruma is to buy the European arm of US-based peer Azteca Foods for EUR45m (US$48.3m). Gruma said the deal would see it acquire Azteca's production and distribution…
