July 2011

Profeco cites 916 tortilla makers

Sentido Comun - Verifications by the Federal Consumer Protection agency (Profeco) to prevent abusive trading practices among to tortilla factories cited 916 for violations, mainly for not displaying prices and scale irregularities.


Mexican airlines' passenger load increases in June

Sentido Comun - Mexico's airlines carried a total of 2.1 million passengers in the domestic market during June, which represented a growth of 1.4 percent over the same month last year. The international market segment shrank 1 percent.


Citrus exports increase 15% in first five months

Sentido Comun - Mexico's citrus exports grew 15 percent in the first five months of the year. The citrus exports that increased the most in 2010 were grapefruit, with an annual growth of 109 percent, and lemon, with an increase of 62 percent.


Most Nafinsa loans are to small and medium businesses

Sentido Comun - Nacional Financiera (Nafinsa), Mexico's largest state bank, reported that most of its total loan portfolio in commercial banking goes to small and medium enterprises. This year 611,000 small and medium enterprises got Nafinsa loans.


Pemex plans to upgrade Salamanca refinery

Sentido Comun - State oil monopoly Petroleos Mexicanossaid it plans to invest $3 million to upgrade its refinery in Salamanca and is preparing contracts for the work, which will increase production at 56,000 barrels per day.


International reserves continue to climb

Sentido Comun - International reserves last week reached a new record of $132.814 billion after a $1.658 million increase over the previous week, primarily due to the sale of dollars from Pemex to the Bank of Mexico.


Exports and imports continue rise in June

Sentido Comun - June exports registered an increase of 21.6 percent compared to the same month last year, the 20th monthly increase in a row. Imports grew 19.6 percent. As a result, Mexico had a trade balance of $107.9 million.


Industrial Converter to expand Depelle units

Sentido Comun - Industrial Converter, a manufacturer of flexible packaging and metallic balloons, will invest $3 million as seed capital for the expansion of its business unit Depelle centers and hair removal equipment.


FedEx completes purchase of MultiPack

Sentido Comun - FedEx, the world's largest express transportation company, has completed the acquisition of Mupa Multinational Services, a Mexican best known as MultiPack shipments.


Debate continues on border death after rock attack

San Diego Union-Tribune - San Diego police expect to finish their investigation this week into the June 21 fatal shooting by a U.S. Border Patrol agent of a Mexican man who was hurling rocks and nail-studded wood during a confrontation along the border.