Trade & Investment
Plastics News - Braskem has increased its stake in the Mexican joint venture project Grupo Idesa on Ethylene XXI, which includes construction of a petrochemical complex at an investment of $3.2 billion.
Smart Planet - The liberal use of beauty products in Mexico is why L’Oreal, the Paris-based maker of colorants, makeup and hair products has just opened its largest colorant plant in the world in San Luis Potosi.
AFP - Volkswagen, Europe's biggest carmaker, inaugurated late on Tuesday a new engine production site in Silao, Mexico, its 100th manufacturing site worldwide. The factory represents an overall investment of $550 million.
Fibre2fashion - Clariant, a world leader in specialty chemicals, inaugurated a new production site for its Industrial & Consumer Specialties Business Unit (ICS), at the city of Coatzacoalcos, Mexico.
Latin American Herald Tribune - Negotiations are taking place for Mexico to purchase up to 500,000 tons annually of fertilizer from Ukraine, which is the top country producing and exporting chemical fertilizers in the world.
PostBulletin.com - Automotive supplier Federal-Mogul Corp. is moving 100 jobs from its Michigan plant to its plant in Puebla, Mexico. The company has been manufacturing the same piston in both Lake City and Puebla and has decided to consolidate the work.
Mobile & Apps - Finnish smartphone maker Nokia has a slew of Windows Phone smartphone offerings that cater to all budgets. Now, the company has launched the Nokia 505 in Mexico exclusive to Mexican carrier Telcel.
Business Journal - Waukesha Metal Products plans to open its first international facility in early 2014, a manufacturing operation in Mexico. But the metal-forming services provider is not abandoning southeastern Wisconsin or outsourcing jobs.
Columbus Dispatch - Superior Fibers, a manufacturer of air-filtration systems in Ohio, plans to close and move the work to Monterey, Mexico. The closuremeans that about 100 workers will lose their jobs.
Phoenix New Times - U.S. Customs and Border Protection has seized 230 pounds of cheese from entering the United States. The reason for the cheese seizure, according to CBP, is that it was just too much cheese.