Bloomberg - Desarrolladora Homex’s bonds are signaling that not even a lifeline from billionaire Carlos Slim can prevent Mexico’s biggest homebuilder from joining industry rivals in restructuring its debt.Companies
Stocks tumble to 3-month low as Grupo Mexico sinks
Bloomberg - Mexico’s benchmark IPC stock index fell to the lowest in three months as the country’s biggest mining company followed copper prices lower. The index sank 1.3 percent to 42,060.61, the lowest level since Nov. 30.
www.businessweek.com/news/2013-03-19/mexican-stocks-tumble-to-three-month-low-as-grupo-mexico-sinks
Solar America secures 2nd project in Mexico
4Traders - Solar America Corp.has executed a Memorandum of Understanding with Habitables Innca, the principal contractor for the San Nicolas housing project in Guadalajara. Solar America will be the exclusive provider of solar power and solar lighting solutions for the project.
www.4-traders.com/news/Solar-America-Begins-Second-Project-in-Mexico--16558780/
Office Depot sale talks extend beyond deadline
Bloomberg - Office Depot Inc., the second-largest office-supply chain, is extending talks to sell its Mexico unit to Grupo Gigante beyond the March 15 deadline. Talks were prolonged in part because Office Depot is already involved in the purchase of OfficeMax Inc.
www.bloomberg.com/news/2013-03-16/office-depot-mexico-sale-talks-said-to-extend-beyond-deadline.html
Cemex launches $600 million bond
Reuters - Cemex launched a 6-year $600 million bond on Thursday. Monterrey-based Cemex got saddled with a large debt burden during the financial crisis, and IFR, a Thomson Reuters news service, said the company's bond pays a coupon of 5.875 percent.
www.reuters.com/article/2013/03/14/mexico-cemex-idUSL1N0C6BCZ20130314
Fibra Hotel buys two Fiesta Inn a Posadas
Sentido Comun - Fibra Hotel, the first investment trust specializing in real estate business in Mexican urban hotels, announced it will buy Grupo Posadas Hotels Fiesta Inn Tlalnepantla in Mexico City and Fiesta Inn Toluca.
Soriana opens two new stores as part of major expansion
Sentido Comun - Soriana, Mexico's second largest supermarket chain, said it opened two stores in the cities of Puerto Progreso in Yucatan and Ocosingo in Chiapas. As part of its expansion plan for this year, it plans to open 60 new establishments.
Nordyn is moving Missouri operations to Mexico
St. Louis Business Journal - Nordyne, a designer and manufacturer of heating and cooling products, plans to gradually relocate its Missouri production lines to Mexico, affecting 700 employees.
www.bizjournals.com/stlouis/morning_call/2013/03/nordyne-moving-poplar-bluff-operations.html
Riedel Communications opens sales office in Mexico City
TV Technology - Riedel Communications has opened a dedicated sales outlet in Mexico City to address growing demand for real-time video, audio, data and communications network solutions in Mexico, Central America, and the Caribbean.
Arburg installs hundreds of presses for Lego
Plastics News - Arburg GmbH & Co. has completed the installation of several hundred injection molding machines at the Mexico plant in Ciénega de Flores near Monterrey of toy-brick maker Lego.
Industrias CH to provide pipe for TransCanada pipeline
Sentido Comun - Industrias CH, a Mexican company dedicated to the production of steel plants in Mexico, USA and Canada, said it signed a contract with TransCanada Pipelines to provide 117.5 miles of pipe 30 "in diameter in the next 14 months.
